Saudi to highlight accomplishments of G20's private sector in upcoming B20 Summit

RIYADH: Saudi Arabia is preparing to host the G20 Business 20 (B20) Summit on Oct 26-27.

The virtual event, in Riyadh, will highlight the accomplishments of the G20's private sector.

The Kingdom, which is the first country in the Middle East to host the G20 presidency, will host the virtual summit representing the region and developing nations.

The B20 has previously announced 25 policy recommendations arising from several issues, including women in business, digitalization, trade, finance, infrastructure, energy and sustainability.

The summit will also discuss how all these areas are being dealt with amid the ongoing coronavirus pandemic. “When Saudi Arabia took over the Presidency of the G20 and B20, the COVID-19 pandemic was not on the horizon. For the past several months, we have had to respond to an incredibly uncertain scenario. But, most importantly, we had to work together to design a path back to recovery – one that allows global economies to build back better, in a more inclusive and sustainable way,” said Mr. Yousef Al-Benyan, Chair of B20 Saudi Arabia.

B20 Saudi Arabia has worked, during the past year, to develop inclusive, action-oriented policy recommendations through consultations with more than 650 business leaders from all G20 countries and beyond.“The challenges presented in this year’s Presidency were met with resilience and creativity by the Saudi business community, a demonstration of our innovation mindset and future centricity. I’m proud of what we have been able to achieve despite headwinds and I look forward to continue collaborating with them and elevating the Kingdom’s leadership on the global stage, under the guidance of Saudi Arabia’s leaders,” continued Mr. Al-Benyan.