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Saudi Cabinet Praises Efforts to Enhance Kingdom’s Global Economic Position

Saudi Cabinet Praises Efforts to Enhance Kingdom’s Global Economic Position

Wednesday, 23 November, 2022 - 06:30
King Salman bin Abdulaziz chairing the Saudi Cabinet session on Tuesday (SPA)

The Saudi Cabinet on Tuesday hailed the Kingdom’s keenness to communicate and strengthen relations with friendly countries as it continues playing a pivotal role through the participatory work system at the global level.


King Salman bin Abdulaziz had chaired the Cabinet's session at Al-Yamamah Palace in Riyadh on Tuesday.


During the meeting, the Cabinet touched on the outcomes of the G20 Leaders’ Summit held in Indonesia, noting the significance of the Kingdom’s participation, whose delegation was led by Crown Prince Mohammed bin Salman, to enhance its prestigious and important position in the global economy map, and contribution through this summit in supporting the efforts exerted in facing international challenges, especially with regard to preventing and responding to epidemics.


The Cabinet expressed hope that the positive results reached by the leaders will contribute to consolidating cooperation and increasing growth rates of the global economy.


Moreover, the Cabinet considered the Kingdom of Saudi Arabia’s ranking third globally and first regionally in the data of GovTech Maturity Index (GTMI) for the year 2022 according to the World Bank Group, as a culmination of integration and joint work among government agencies which produced digital transformation initiatives and programs to achieve the goals of Vision 2030 by providing advanced services through high-quality digital products that supports the business environment and the march of the national economy and enhances its international competitiveness.


The Cabinet was briefed on the topics on its agenda, some co-studied by the Shura Council, as well as on the conclusions reached by the Council of Economic and Development Affairs, the Council for Political and Security Affairs, the Cabinet's General Committee and the Cabinet's Bureau of Experts.


The Cabinet authorized the Minister of Foreign Affairs, or his deputy, to discuss with Mongolia a draft memorandum of understanding on political consultations between the foreign ministry of the Kingdom and the foreign ministry of Mongolia, and sign it prior to forwarding the final version to complete legal procedure.


Additionally, the Cabinet decided that March 23rd of every year will be celebrated as Day of Social Accountability in Saudi Arabia.


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