RIYADH — Saudi Arabia"s hosting of the G20 Leaders" Summit is a firm indication of the importance of the Kingdom and its global leadership role, said Saudi Minister of Investment Khalid Al-Falih on Thursday. In a statement to the Saudi Press Agency (SPA), the minister pointed out that the Kingdom"s efforts to enhance cooperation in trade and investment policies included supporting the multilateral trading system and promoting economic diversification and cross-border investment flows. Al-Falih highlighted that the G20 Trade and Investment Working Group addressed urgent global trade issues, including the launch of the Riyadh Initiative on the future of the World Trade Organization (WTO). He added that the working group ended many measures restricting global trade and adopted measures to support international trade and investment in response to the Coronavirus pandemic. The Saudi minister said: "The group"s countries have allocated $11 trillion to protect and support the global economy from the effects of the coronavirus pandemic." He also referred to the historic initiative to suspend debt payments of 73 countries in the world worth $14 billion. Al-Falih congratulated Custodian of the Two Holy Mosques King Salman and Crown Prince Muhammad Bin Salman on the Kingdom"s success in hosting and presiding over many meetings and events during this year, stressing that hosting the G20 leader"s summit reflects the Kingdom"s stature and weight at the regional and global levels. — SG