Saudi Arabia hands over G20 presidency to Italy as Riyadh summit concludes
Arab News 04.12.2020 RIYADH: Following the successful completion of the G20 Summit in Riyadh on Sunday, Italy assumed the forum’s annual rotating presidency from Saudi Arabia during a ceremonial handover. The two-day summit, the 15th meeting of the forum, brought together leaders of economies that account for about 85 percent of global gross domestic product to discuss the most challenging socioeconomic issues. Saudi Arabia’s King Salman formally handed over the G20 presidency to Italy, which will chair next year’s leaders’ summit. Delivering a short speech to mark the occasion, Italy’s Prime Minister Giuseppe Conte said a decision had been taken that the focus of the world’s premier forum for economic cooperation would continue to be “people, planet and prosperity.” Conte said he is confident that Italy can rely on the support of all G20 member states during its presidency, which will culminate in the 2021 G20 Leaders’ Summit on Oct. 30-31 in his country. The G20 presidency rotat...