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Saudi Arabia to host G20 Summit in 2020

Saudi Arabia to host G20 Summit in 2020

Saudi Arabia will be hosting the ‘G20 summit’ in November 2020 in its capital Riyadh. This would be the first G20 summit in the Arab world.

Japan is all geared to host this year's summit in Osaka in June end.

The Group of Twenty

The Group of Twenty, or G20, is the premier forum for international cooperation on the most important aspects of the international economic and financial agenda.

The new Group of Twenty (G20) forum of finance ministers and central bank governors was formally created at the September 25, 1999, meeting of the G7 Finance Ministers.

The G20 comprises Argentina, Australia, Brazil, Canada, China, EU, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, UK and USA. The G20 Countries together represent around 90% of global GDP, 80% of global trade, and two thirds of the world’s population.

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