Saudi Arabia Highlights Importance of Global Cooperation to Support World Economy

Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim addresses the G20 Development Ministers Meeting. SPA
Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim addresses the G20 Development Ministers Meeting. SPA
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Saudi Arabia Highlights Importance of Global Cooperation to Support World Economy

Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim addresses the G20 Development Ministers Meeting. SPA
Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim addresses the G20 Development Ministers Meeting. SPA

Saudi Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim has underlined the Kingdom’s steadfast commitment to renewing global cooperation and achieving the 17 UN Sustainable Development Goals (SDGs), the Saudi Press Agency reported.

Al-Ibrahim said the G20 Development Ministers’ Meeting was an opportunity to work more closely and put forward concrete actions to support developing countries and foster inclusive, resilient, socially, economically, and environmentally sustainable recovery efforts and, as the world’s fastest-growing economy, the Kingdom is proud to renew and reaffirm its commitment towards achieving these goals.

“International cooperation is a key priority for the Kingdom, and we remain more committed than ever to work closely with our international partners to achieve the 2030 Agenda and the SDGs,” SPA quoted him as saying.

“To do this, we must restore faith in the multilateral framework. We are fully aligned with the G20 Ministerial vision statement’s claim that multilateralism is not an option but a necessity if we want to create a more equitable, resilient, and sustainable world.”

Saudi Arabia has already taken steps to accelerate its path toward achieving the UN 2030 Agenda and the SDGs.

Rapid and decisive measures taken by the Kingdom’s government have enabled the country to limit the impact of COVID-19 on the economy which set the foundation for today’s robust growth.

In June, the Ministry of Economy and Planning and the United Nations resident Coordinator’s Office in Riyadh signed the United Nations Sustainable Development Cooperation Framework.



Yemeni Premier Holds Military, Relief Meetings in Riyadh

Dr. Ahmed bin Mubarak met with Lt. Gen. Fahd Al-Salman in Riyadh on Wednesday (Alliance to Support Legitimacy in Yemen)
Dr. Ahmed bin Mubarak met with Lt. Gen. Fahd Al-Salman in Riyadh on Wednesday (Alliance to Support Legitimacy in Yemen)
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Yemeni Premier Holds Military, Relief Meetings in Riyadh

Dr. Ahmed bin Mubarak met with Lt. Gen. Fahd Al-Salman in Riyadh on Wednesday (Alliance to Support Legitimacy in Yemen)
Dr. Ahmed bin Mubarak met with Lt. Gen. Fahd Al-Salman in Riyadh on Wednesday (Alliance to Support Legitimacy in Yemen)

Yemeni Prime Minister Dr. Ahmed Awad bin Mubarak held on Wednesday two meetings in Riyadh: the first, with the new commander of the Coalition to Support Legitimacy in Yemen, revolved around military affairs, while the second focused on humanitarian efforts and priorities with the King Salman Humanitarian Aid and Relief Center.

According to official Saudi sources, the Yemeni premier met with Lt. Gen. Fahd Al-Salman, Commander of the Joint Forces, with whom he discussed the ongoing coordination and continued support from the coalition countries, led by Saudi Arabia, to achieve security and stability for the Yemeni people and support the legitimate government.

Separately, a meeting was held at the King Salman Humanitarian Aid and Relief Center to review joint coordination in implementing programs and plans.

Dr. Abdullah Al-Rabeeah, Advisor to the Saudi Royal Court and General Supervisor of the center, emphasized the center's commitment to alleviating the suffering of the needy, displaced, and affected populations in Yemen, stressing that these efforts reflect Saudi Arabia's noble humanitarian mission, led by the Custodian of the Two Holy Mosques and the Crown Prince.

Bin Mubarak was also briefed on the total humanitarian aid provided by Saudi Arabia from 1996 to 2024, which has been extended to 171 countries at a value of over $132 billion, with $27 billion specifically allocated to Yemen. In 2014, Saudi Arabia’s official development aid amounted to 1.9% of its GDP, far exceeding the UN's target of 0.7%.

The meeting also highlighted the center’s efforts, which include 3,068 projects across 102 countries, valued at over $7 billion. Of these, 976 humanitarian projects were designated for Yemen, valued at over $4 billion, covering various key sectors. This includes 479 projects for women and 478 for children.