RIYADH, Saudi Arabia – Web Desk: Saudi Arabia’s Finance Minister Mohammed Al-Jadaan has warned that the economic impact of recent geopolitical tensions could surpass the effects of the COVID-19 pandemic, citing severe disruptions to global markets and supply chains.
Speaking at an investment summit in Miami, Al-Jadaan said the escalating conflict has significantly affected global supply chains, with far-reaching consequences for the international economy.
“The developments of recent weeks have had an impact greater than the COVID-19 pandemic,” he said, highlighting the scale of economic disruption caused by ongoing geopolitical instability.
He noted that key sectors including oil, gas, fertilizers, and other critical commodities have already been hit, with visible volatility in global markets. The minister added that continued uncertainty could further strain economic recovery worldwide.
Despite the challenges, Al-Jadaan emphasized that Saudi Arabia remains an attractive destination for investment, underlining the kingdom’s efforts to maintain economic stability amid global turbulence.
Analysts say the remarks reflect growing concern among policymakers about the long-term economic fallout of the Middle East conflict, particularly its impact on energy markets, inflation, and global trade flows.
