Saudi Arabia Re-Elected President of UNWTO Executive Council

A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saudi National Day. (SPA file photo)
A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saudi National Day. (SPA file photo)
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Saudi Arabia Re-Elected President of UNWTO Executive Council

A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saudi National Day. (SPA file photo)
A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saudi National Day. (SPA file photo)

The Executive Council of the United Nations World Tourism Organization (UNWTO) approved the re-election of the Kingdom of Saudi Arabia as president of the council for the year 2024, at the 120th Executive Council meeting held in the Uzbek city of Samarkand, reported the Saudi Press Agency on Saturday.

Minister of Tourism and Chairman of the Executive Council of UNWTO Ahmed bin Aqeel Al-Khateeb, said: “During the period of the first presidency of the Kingdom in 2023, plenty of initiatives that comprised partnership, innovation, and progress were launched. The achievements during that period were based on the common vision, cooperation and firm commitment among all members of the organization.”

“We have all paved the way to build a vision for a resilient tourism sector, and we look forward to continuing our leadership role in 2024,” he added.

“We recall the aspirations and hopes of all member states, and we will strive to implement the goals in a way that ensures that the tourism sector continues to achieve economic exchange and cultural and humanitarian rapprochement between world countries,” Al-Khateeb said.

He noted the unlimited support granted by the Kingdom’s leadership for the tourism sector, which is not confined to local efforts but includes the provision of important international initiatives aimed at promoting sustainable development, including the establishment of the Sustainable Tourism Global Center (STGC). The center was announced by Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, during the Saudi Green Initiative in October 2021.

Al- Khateeb stressed that the center will provide best practices to meet the sector needs, including major multinational companies that have clear objectives and distinct experiences, in addition to micro, small and medium enterprises that constitute 80% of the sector.

It recently announced the launch of an international research center that will work as a high-level reference body for research with the purpose of accelerating the travel and tourism sector’s transition to climate neutrality.

The minister noted that in alignment with the Kingdom’s vision and commitment to shaping the future of global travel, Saudi Arabia during its presidency of the Executive Council in 2023 achieved a pioneering role in the tourism sector and exceptional achievements, based on a carefully implemented plan. This vision gave priority to global cooperation and formed the basis for pioneering initiatives that aim to reimagine the sector.



Saudi Economic and Development Affairs Council Discusses Report on Performance of State Budget

File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat
File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat
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Saudi Economic and Development Affairs Council Discusses Report on Performance of State Budget

File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat
File photo: Saudi Crown Prince Mohammed bin Salman bin Abdulaziz chairs a meeting of the Economic and Development Affairs Council. Asharq Al-Awsat

Saudi Arabia’s Economic and Development Affairs Council has held a meeting via videoconference, discussing several issues, including the performance of the state budget, the Saudi Press Agency reported Saturday.
At the beginning, the council reviewed the quarterly economic report of the Ministry of Economy and Planning, which includes an analysis of key global economic developments, and the national economic progress. The Kingdom saw positive economic growth of 2.8% in the third quarter, SPA said.
The report addresses future national economic forecasts issued by relevant government entities, international funds, and agencies, as well as proposed insights and recommendations to address global economic challenges.
The council also reviewed the third-quarter report submitted by the Ministry of Finance, on the performance of the state budget for fiscal year 2024. The report includes a detailed overview of financial performance up to the end of the third quarter, covering revenue, expenditure, and public debt indicators.
It highlighted results reaffirming the Kingdom's continued support for development projects, strengthening social care and protection systems, and advancing the implementation of major projects and programs under Saudi Vision 2030.
This underscores the effectiveness of structural economic reforms, efforts in economic diversification, and the systematic approach aligned with the Saudi Vision 2030.
The council also reviewed the report of Ministry of Commerce presentation, regarding the report of Standing Committee for Price Monitoring for the third quarter of 2024.
The report addresses the roles of the entities participating in the committee, key insights during the specified period, global price trends, an overview of consumption patterns, price and inflation indicators in the Kingdom, and details regarding consumer goods prices in the third quarter. Moreover, it outlines the measures taken to ensure the availability of goods and strengthen stockpiles to maintain price stability.
The council made the necessary decisions and recommendations.