Commenting on Saudi King Salman’s royal orders on Friday, royal court adviser Saud Al Qahtani said on Twitter: “Upon today’s orders, the state pumped SAR 50 billion. Add to that the funds in the Citizens Account which are 30 billion. This is a total of SAR 80 billion which means that the purchasing power has greatly increased. This will increase the private sector’s profit. We await your initiative as always. You know your national duty more than anyone else. Not to mention that pleasing your employees will improve your success and increase your profit.”
I have no doubt that patriotic merchants will contribute to this royal initiative, each according to his effort and generosity. I also have no doubt that the SAR 80 billion pumped by the state and the private sector’s contribution to confront high prices will positively affect the market’s activity and the increased demand on products and services and revive the economy.