The Saudi government underlined on Tuesday the Kingdom’s support for diplomatic efforts aimed at peacefully resolving conflicts and establishing international security and peace.
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chaired the cabinet meeting held in Riyadh.
The cabinet welcomed the ceasefire agreement between Thailand and Cambodia which should pave the way for sustainable peace that fulfills the aspirations of both countries and their peoples.
The cabinet reviewed regional and global developments and international efforts to address them. It reiterated its strong condemnation of the Israeli Knesset's approval of two draft laws aimed at imposing sovereignty over the West Bank and establishing illegal settlements.
The cabinet renewed its support for the legitimate and historical right of the Palestinian people to establish an independent state on the 1967 borders, with East Jerusalem as its capital.
It expressed its gratitude to the leaders and heads of government for participating in the ninth edition of the Future Investment Initiative (FII9) conference in Riyadh. It hoped that the conference would help translate visions into practical strategies that drive joint international action for global development and prosperity.
The cabinet highlighted the agreement between Saudi Arabia and Pakistan to launch an Economic Cooperation Framework, saying it is an extension of the two countries' efforts to consolidate fraternal relations. It reflects their shared vision for building a sustainable partnership across various economic, trade, and investment fields, ultimately serving the aspirations and common interests of both peoples.
Moreover, the cabinet discussed developments in partnerships with international organizations, noting the Kingdom's planned hosting of the UNCTAD Global Supply Chain Forum in 2026. Hosting the forum underscores the Kingdom's global position in supporting international trade, strengthening cooperation among countries, and enhancing logistical connectivity.
The cabinet commended the success of the Global Health Exhibition held in Riyadh and the announcement of initiatives and investments, totaling approximately SAR124 billion, which are expected to strengthen the Kingdom's leadership in the medical and healthcare sectors, localize technologies, and support innovation in line with national objectives.
On domestic affairs, the cabinet reviewed a number of economic indicators and statistics, noting the continued growth of non-oil exports as the national economy diversifies its pathways to support various key and promising sectors and activities.
The cabinet also hailed the launch of new renewable energy projects across the Kingdom, with a total capacity of 4,500 megawatts and investments exceeding SAR9 billion, which will help in achieving the optimal energy mix for electricity production by 2030 and enhance the Kingdom’s global leadership in this field.
