Coronavirus: Saudi Arabia takes economic measures worth over $32 bln

A Saudi man, wearing a protective mask as a precaution against coronavirus, walks with his wife along Tahlia street in the center of the capital Riyadh on March 15, 2020. (AFP)

Saudi Arabia announced on Friday measures exceeding 120 billion riyals ($31.93 billion) to mitigate the impact of the coronavirus outbreak on the economy, state TV said.

The package includes 50 billion riyals to support banks, financial institutions and small and medium enterprises, it said, citing Finance Minister Muhammad al-Jadaan.

The package also includes other initiatives to support the economy exceeding
70 billion riyals.

Last Update: Friday, 20 March 2020 KSA 15:10 - GMT 12:10