Economics

Saudi Arabia Rolls Out $1 Billion Industrial Support Package

  • Meant to buoy small and medium companies hurt by virus
  • Includes lines of credit to help cover operating expenses

A construction site in the King Abdullah Financial District in Riyadh, Saudi Arabia.

Photographer: Tasneem Alsultan/Bloomberg
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Saudi Arabia will offer a 3.7 billion riyal ($1 billion) stimulus package to support more than 500 small and medium-sized industrial companies hurt by the novel coronavirus.