National Responses and Economic Strategies to Address COVID-19 in Saudi Arabia

Abstract

This study aims to explore national responses and strategies to address the challenges to Saudi Arabia during the COVID-19 pandemic. The study utilized various government documents, newspapers and local and international reports. This research finds that the Saudi government of thoroughly evaluated the circumstances and has announced a set of urgent moves amounting to 142 initiatives targeting individuals, private sector enterprises and investors, with a value exceeding SR 214 billion. The government has made significant efforts to keep employment and markets stable. This is one of the very first studies of the Saudi government’s response to the impact of COVID-19 on the private sector and the overall economy. The Kingdom seeks to support the private sector in order to achieve the goals that Saudi Arabia seeks in its economic transformation and in line with its Vision 2030.