Saudi Arabia Asserts Importance of Globally Bolstering Economic, Investment Ties

Crown Prince Mohammed bin Salman chaired the cabinet session at the Peace Palace in Jeddah (SPA)
Crown Prince Mohammed bin Salman chaired the cabinet session at the Peace Palace in Jeddah (SPA)
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Saudi Arabia Asserts Importance of Globally Bolstering Economic, Investment Ties

Crown Prince Mohammed bin Salman chaired the cabinet session at the Peace Palace in Jeddah (SPA)
Crown Prince Mohammed bin Salman chaired the cabinet session at the Peace Palace in Jeddah (SPA)

The Saudi cabinet affirmed the importance of bolstering economic and investment connections with diverse nations globally in line with Saudi Vision 2030, which brings unparalleled prospects in fields of mutual benefit.

Crown Prince Mohammed bin Salman chaired the Cabinet session at al-Salam Palace in Jeddah. He briefed the meeting on the discussions of the Custodian of the Two Holy Mosques, King Salman, with the King of Eswatini, Rwanda's President, and Ethiopia's Prime Minister. The discussions mainly focused on the various aspects of bilateral relations across multiple fields.

The cabinet praised the achievements of the Kingdom's joint public and private sector delegation during their visits to various Latin American countries, where multiple memoranda of understanding (MoU) were signed to boost cooperation.

The cabinet highlighted the Kingdom's commitment to strengthening partnerships with the global community across the fields.

The commitment was reinforced during India's 2nd Anti-Corruption Ministerial Meeting of the Group of Twenty (G20).

The meeting also addressed the Riyadh Initiative for Enhancing International Anti-Corruption Law Enforcement Cooperation, which achieved substantial milestones within its respective jurisdictions.

Over 161 anti-corruption agencies from 90 countries have become part of the resultant Global Operational Network of Anti-Corruption Law Enforcement Authorities (GlobE Network).

The cabinet also lauded the outcomes of the international conference hosted by Saudi Arabia and titled "Communication with the Departments of Religious Affairs, Ifta, and Sheikhdoms in the World."

The conference aligns with the Kingdom's dedication to serving Islam and the Muslim community and its proactive involvement in strengthening unity and collaboration among Islamic countries.

It aims to combat radical ideologies and enhance the values of tolerance and harmonious coexistence among diverse populations. The Kingdom reaffirmed its esteemed mission to propagate the principles of moderation and tolerance.

The cabinet followed up on the latest regional developments and global political changes.

The meeting lauded the endeavors of the UN and the Coalition to Support Legitimacy in Yemen, which have successfully managed to unload crude oil from the floating "Safer" tanker positioned off Hodeidah port in the Red Sea.

The cabinet addressed local issues as the new academic year drew near. The Kingdom's dedication and consistent attention to the education sector has played a pivotal role in boosting intellectual growth and skill development while fostering research and innovation to equip individuals to excel globally.

It also asserted that caring for education is consistent with caring for all other sectors in the Kingdom, which yielded achievements across every aspect of the economic and social landscape.

The meeting authorized the Minister of Culture, or a deputy, to hold talks with the Panamanian side on a draft MoU for cooperation in the cultural field between the Saudi Ministry of Culture and the Ministry of Culture of Panama.

It also allowed the Minister of Islamic Affairs, Call, and Guidance, or a deputy, to hold talks with the Belarusian side on a draft memorandum of understanding for cooperation in Islamic affairs between the Saudi Ministry of Islamic Affairs, Dawah, and Guidance and the Commission for Religious and Ethnic Affairs of Belarus.

The cabinet approved the Justice Minister, or a deputy, to discuss with counterpart agencies from other countries a draft cooperation agreement on judicial cooperation between Saudi Arabia and other countries. It authorized the Minister to consult counterpart bodies from different countries on a draft MoU with counterpart agencies from other countries.

The Minister of Communications and Information Technology, or a deputy, was authorized to discuss a draft memorandum of understanding with the Japanese side on cooperation in information technology, communications, and digital economy.

The Minister of Economy and Planning, or a deputy, was also approved to discuss a draft memorandum of understanding in economy and planning with the Bahraini Ministry of Finance and National Economy.

Among his decisions, the cabinet approved the establishment of the Insurance Authority and the National Institute for Health Research and amended Article 5 of the bylaw of the King Salman Park Foundation.

The session also appointed Tareef bin Yousef al-Aama, Shabab bin Saad al-Ghamdi, Abdulrahman bin Saad al-Qahtani, Yasser bin Abdulrahman al-Dheem, Abdulrahman bin Abdullah Eiban, and Riyad bin Ali al-Ghamdi as members board of directors of the Saudi Red Crescent Authority and renewing the membership of Badr bin Saqr al-Otaibi in the board of directors.

The cabinet was also briefed on several issues on its agenda and took the necessary measures.



Saudi Arabia: Political Solution Only Way to Resolve Sudan’s Crisis

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chairs the Cabinet meeting in Riyadh. (SPA)
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chairs the Cabinet meeting in Riyadh. (SPA)
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Saudi Arabia: Political Solution Only Way to Resolve Sudan’s Crisis

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chairs the Cabinet meeting in Riyadh. (SPA)
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chairs the Cabinet meeting in Riyadh. (SPA)

The Saudi government urged on Tuesday the warring parties in Sudan to reach a ceasefire, end the conflict and facilitate the delivery of humanitarian aid to those in need.

It stressed that a political solution was the only way to end the crisis, reiterating the need to commit to the Jeddah Declaration signed on May 11, 2023.

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chaired the Cabinet session that was held in Riyadh.

The ministers reviewed regional developments and Saudi Arabia’s tireless efforts, along with the international community, to establish peace and security in the region.

These efforts were demonstrated in its hosting of the inaugural meeting of the Global Alliance for Implementation of the Two-State Solution. Ninety countries and regional and international organizations took part to discuss establishing an independent Palestinian state.

The cabinet also highlighted the Kingdom's call for a joint Arab-Islamic follow-up summit this month, which will address the continued Israeli assault on Palestinian and Lebanese territories.

Crown Prince Mohammed briefed the cabinet on his meetings and talks with leaders of several brotherly and friendly countries, which focused on relations and ways to boost them in various fields.

Minister of Media Salman Al-Dossary told the Saudi Press Agency that the Cabinet praised the outcome of the third meeting of the Saudi-Bahraini Coordination Council security committee, and the initiatives carried out that contribute to advancing the strong fraternal relations toward new horizons.

The Cabinet commended the outcome of the second ministerial meeting of the Saudi-Indian Strategic Partnership Council economic and investment committee. It noted the progress toward achieving the two countries' common goals, particularly in the fields of industry, infrastructure, technology, agriculture, food security, climate sciences, and sustainable transportation.

The Cabinet discussed the Kingdom's participation in the recent G20 meetings, where it highlighted efforts to promote sustainability in education, invest in innovation and entrepreneurship, and its ongoing contributions in addressing global health challenges.

On the domestic level, the Cabinet noted the Kingdom's significant advancement, of 15 places, in the 2023 international tourist revenue rankings compared to 2019, leading the top 50 rankings in upward movement. This achievement underscores the Kingdom's global leadership and ongoing success in the tourism sector.