Economic task force discusses stimulus measures

Shaheennews –

The economic ministerial team on Saturday discussed during a meeting chaired by Prime Minister Omar Razzaz a set of economic and investment policies and measures to spur the economy and promote growth.

The task force tackled how to enhance the competitiveness of the national economy and increase national exports, with a focus on the sectors where the Kingdom has a competitive advantage, including pharmaceuticals, chemical industries and some agricultural products.

The ministers discussed the establishment of a holding company in accordance with international criteria, which will be open to Arab funds and resident and expatriate citizens, to carry out investment projects in priority infrastructure sectors, such as transport, health and education.

They also talked about investment policy and measures to attract more capital, with a focus on easing procedures to register businesses.