Saudi Arabia Spent $4.5 Billion Aiding Firms During Pandemic
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The Saudi Industrial Development Fund said it provided $4.5 billion in support last year, mostly to small businesses, as the kingdom looked to prop up firms hit by the coronavirus pandemic.
Loans were given to 201 businesses in the industrial, mining, energy and logistics sectors,” the fund said in a statement Thursday. The $4.5 billion included some loans not related to the global health emergency, it said.