The Custodian of the Two Holy Mosques King Salman bin Abdul Aziz welcomed on Monday the participants in the upcoming summit of The G20 (or Group of Twenty), which will be hosted by Saudi Arabia, in November 2020.
King Salman’s speech came on the occasion of the start of Saudi Arabia’s presidency of G20, saying that he hopes to build for the G20 Group a vital environment to come up with initiatives and outputs to achieve the hopes of the peoples of the world.
”The G20 has actively contributed through the last decade in tackling global economic crises, creating reforms that promote growth and development, and formulating collective approaches on issues that require international cooperation,” King Salman said in a speech on the website related to Saudi Arabia’s hosting of the summit.
Saudi Arabia started presidency of G20 on December 1, its presidency will continue until late 2020 when summit of G20 leaders will take place on November 21 and 22, G20 leaders will gather in Riyadh representing two thirds of the world economy to discuss the most important issues in the global economy, solutions to problems, such as climate change and addressing poverty in developing countries.
The Custodian of the Two Holy Mosques affirmed that the G20 has a common responsibility and opportunity to develop cooperation to new heights.
“We will build on the G20 achievements, which proved the ability to take a long-term vision of future challenges and opportunities and dealt effectively with pressing issues” King Salman asserted through his online speech.
He added that Saudi Arabia is currently undergoing a historic transformation under the vision of “2030” to reach “a vibrant society, a prosperous economy and an ambitious homeland.