G20 Sherpas Discuss Restoring Growth

Sherpas concluded their second extraordinary Sherpa meeting under the G20 Saudi Presidency on Friday.
Sherpas concluded their second extraordinary Sherpa meeting under the G20 Saudi Presidency on Friday.
TT
20

G20 Sherpas Discuss Restoring Growth

Sherpas concluded their second extraordinary Sherpa meeting under the G20 Saudi Presidency on Friday.
Sherpas concluded their second extraordinary Sherpa meeting under the G20 Saudi Presidency on Friday.

The Second G20 Extraordinary Sherpa Meeting was held virtually on Friday, under the Saudi G20 Presidency, with participation from all G20 members, invited countries, and international organizations

G20 Sherpas took stock of the progress achieved on the commitments by the G20 Leaders in the Extraordinary Leaders’ Summit that was held in March, with a focus on health, global economy, trade and international cooperation, the Saudi G20 Secretariat said in a statement.

Sherpas discussed opportunities to build long-term resilience, such as better prepared health and social protection systems, emergency response for least developing countries, and efforts to protect the environment for a stronger global recovery. Sherpas also discussed the progress in all the G20 work streams, and the way forward towards the G20 Leaders’ Summit in November.

The Saudi G20 Sherpa, Fahad Almubarak, highlighted the importance of continuing the G20 collective efforts to achieve the commitments made by the Leaders in response to the coronavirus pandemic in order to protect lives and restore growth.

In his opening remarks, Almubarak emphasized that “a united global leadership is greatly required to emerge from this pandemic stronger and in a more resilient, inclusive and sustainable manner.”

“During the meeting, G20 Sherpas expressed their satisfaction on the progress thus far and provided their inputs on the way forward towards future Sherpa Meetings and the G20 Leaders’ Summit in November,” said the Saudi G20 Secretariat statement.



Saudi Govt Discusses Efforts to Bolster Global Economic Growth

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chairs the cabinet meeting in Jeddah on Tuesday. (SPA)
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chairs the cabinet meeting in Jeddah on Tuesday. (SPA)
TT
20

Saudi Govt Discusses Efforts to Bolster Global Economic Growth

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chairs the cabinet meeting in Jeddah on Tuesday. (SPA)
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chairs the cabinet meeting in Jeddah on Tuesday. (SPA)

The Saudi government reviewed on Tuesday the Kingdom's ongoing efforts and contributions at the international level to support multilateral action and bolster global economic growth. This includes continued cooperation and coordination with producers within the OPEC+ group to maintain stability in oil markets.

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chaired the cabinet meeting that was held in Jeddah on Tuesday.

He briefed the cabinet on the discussions he held with Indonesian President Prabowo Subianto and the telephone call he received from German Chancellor Friedrich Merz.

The cabinet praised the outcomes of the first meeting of the Saudi-Indonesian Supreme Coordination Council, which reflected the strength of bilateral relations and the mutual keenness to elevate them to broader horizons.

It welcomed the signing of agreements and memoranda of understanding (MoUs) between private-sector entities in both countries, covering clean energy, petrochemical industries, and aviation fuel services, contributing to the shared ambition of establishing an advanced economic partnership.

The cabinet welcomed the Kingdom's hosting of the 21st general conference of the United Nations Industrial Development Organization (UNIDO), scheduled to be held in Riyadh in November. The conference aims to develop joint solutions to challenges related to sustainable industrialization, innovation, and technological transformation.

Moreover, the cabinet praised the unanimous adoption by the United Nations Human Rights Council (UNHRC) of a resolution submitted by Saudi Arabia to protect children in the digital space, stemming from the “Child Protection in Cyberspace” global initiative launched by the Crown Prince.

The move reinforces the initiative's international goals and reflects the Kingdom’s vision through practical steps toward a safe and inclusive digital environment for this age group.

The cabinet highlighted Saudi Arabia's continued ranking in the top position in the IMD World Competitiveness Yearbook’s cybersecurity indicator for 2025, noting that the achievement adds to the series of successes the sector has accomplished in record time across various international levels. It noted the sector’s successes in supporting technological prosperity, localization of priority technologies, and enhancement of international cooperation.

Additionally, Saudi Arabia ranked first globally in the ICT Development Index 2025 issued by the UN International Telecommunication Union (ITU). The achievement confirms the robustness of the Kingdom’s smart digital infrastructure, its attractive investment environment, and the growth of its local digital economy, which has reached SAR495 billion.

The cabinet hailed ongoing successes in combating drug trafficking, including the arrest of criminal networks involved in the trafficking of narcotics and psychotropic substances in Saudi Arabia. It underscored the continuous security and preventive efforts aimed at protecting the community from this serious issue.