“The challenges presented in this year’s Presidency were met with resilience and creativity by the Saudi business community, a demonstration of our innovation mindset and future centricity. I’m proud of what we have been able to achieve despite headwinds and I look forward to continue collaborating with them and elevating the Kingdom’s leadership in the global stage, under the guidance of Saudi Arabia’s leaders,” continued Mr. Al-Benyan. B20 efforts over the course of 2020 also included the establishment of the COVID-19 Initiative, aimed at addressing immediate needs without losing sight of medium and long-term goals. As a result, the B20 issued a special report to the G20 on jump-starting the economy in a post-pandemic phase and has issued several joint statements with other engagement groups and global organizations calling for collaborative action in areas such as trade, energy, labor (including the protection of most vulnerable groups such as women and entrepreneurs), and integrity and compliance. The B20 has also hosted two virtual events focused on addressing the impact of the pandemic and preparing for the potential second wave. Further, the Saudi-led B20 partnered with chambers of commerce and industry organizations in the G20 countries to host a series of events, entitled the “B20 Global Dialogue”, to present and discuss its policy recommendations. The B20 Summit will take place virtually on October 26-27th, 2020, bringing together global leaders from business, academia, civil society, and international organizations will discuss the world’s most pressing economic issues. The full set of policy recommendations presented by the B20 this week, and which will be formally shared by the G20 at the Summit, can be viewed here. https://www.b20saudiarabia.org.sa/publications --SPA 20:51 LOCAL TIME 17:51 GMT 0016 www.spa.gov.sa/w1425197