Saudi Arabia to host G-20 summit in 2020

German Chancellor Angela Merkel meets Saudi Arabia Minister of State Ibrahim Abdulaziz Al-Assaf at the G20 summit in Hamburg, on July 7, 2017. (Reuters)

German Chancellor Angela Merkel announced that Saudi Arabia is set to host the G-20 summit in 2020, reported Al Arabiya on Saturday.

The choice comes after a strong vote from the world’s leading nations who put their trust in Saudi Arabia, with its distinctive place among the world’s top 20 economies.

Saudi Arabia stood out as the least of the G20 countries in terms of ratio of debt to GDP.

By the end of last year, it reached 13.1 percent of Saudi GDP, followed by Russia with 17 percent and Indonesia with 27.9 percent.

This article is also available in Arabic.

Last Update: Wednesday, 20 May 2020 KSA 09:49 - GMT 06:49