Concerns regarding a worldwide shortage of sanitizers, face masks, and ventilators, which are essential in the fight against COVID-19, has pushed Saudi Arabia to increase local production for these items. The recent statistics from the Saudi Food & Drug Authority showed that local factories have been producing 3.7 million face masks per week.
The Kingdom of Saudi Arabia has a large market with a growing demand for building materials, primarily being driven by the dynamics of the construction sector.
The Kingdom of Saudi Arabia has launched its ambition through Vision 2030 to reform and diversify the Kingdom’s economy and create a vibrant society and country for people to live.
Licenses for non-bank financial institutions, in this case, Financial Technology Institutions, have been launched by the Saudi Arabian Monetary Authority (SAMA).
Saudi Ministry of Health (MoH) stated that around 2,200 beds have been dedicated to quarantine cases of coronavirus, known as Covid-19.