Riyadh, October 31, 2019, SPA -- Minister of Commerce and Investment Dr. Majid bin Abdullah Al-Qasabi, confirmed that the Kingdom of Saudi Arabia has the largest economy in the region and is a member of the G20 and has made significant reforms and improvements in the Doing Business reports issued by the World Bank Group, which is a reference to the development of the business sector. This came during a session titled "Will a newly prosperous supercontinent overtake a waning West?", hosting Raamdeo Agrawal, Chairman and Co-founder, Motilal Oswal Financial Services Ltd., India and Ju Zhao, Chief Investment Officer, China Merchants Bank, China, within the third edition of the Future Investment Initiative, being held in Riyadh. Minister Dr. Al-Qasabi said that the Kingdom has a different mix of competitive ratios and advantages, noting that it has risen staggeringly in the business creation environment thanks to a strong business environment, a youth society, rich natural resources, and a strong infrastructure. --SPA 15:34 LOCAL TIME 12:34 GMT 0010 www.spa.gov.sa/w1201601