Saudi Arabia Underscores Values of Coexistence, Mutual Respect Among Peoples

Custodian of the Two Holy Mosques King Salman bin Abdulaziz chairs the cabinet meeting that was held in Riyadh. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz chairs the cabinet meeting that was held in Riyadh. (SPA)
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Saudi Arabia Underscores Values of Coexistence, Mutual Respect Among Peoples

Custodian of the Two Holy Mosques King Salman bin Abdulaziz chairs the cabinet meeting that was held in Riyadh. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz chairs the cabinet meeting that was held in Riyadh. (SPA)

The Saudi government reiterated on Tuesday the Kingdom’s firm stance that calls for bolstering coexistence and mutual respect between people around the world.

Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh.

The ministers highlighted the Kingdom’s participation at the 49th session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC). At the event, the Kingdom stressed its continued support to collective work, especially on the humanitarian and development levels.

The government renewed its support to aiding the victims of last month’s devastating earthquake that struck Syria and Türkiye. Saudi Arabia had taken part on Monday in a donor conference in Brussels that pledged seven billion euros to Syria and Türkiye.

King Salman congratulated Muslims on the advent of the holy fasting month of Ramadan, which the Kingdom announced will begin on Thursday.

He hoped this year's holy month will bring peace for Muslims and the entire world.

He directed authorities concerned with serving visitors of the Two Holy Mosques to continue to work with the highest efficiency and excellence to ensure that visitors smoothly perform their rituals.

Domestically, the cabinet stressed that the positive estimates credit rating agencies have of the Kingdom's economy reflect the effectiveness of the reforms undertaken by the state, such as developing the public finance management, improving the quality of financial planning, and making more efficient use of resources under the financial sustainability program.

Minister of Media Salman bin Yousef Al-Dosari said the Kingdom's climbing 15 places in the Global Innovation Index 2022, as shown by the World Intellectual Property Organization, is a reflection of the continued interest and support the state attaches to upgrading the quality of research, development and innovation sector. This will boost the Kingdom's global competitiveness and leadership in line with its Vision 2030.



Saudi Industry, Mineral Resources Minister Begins Official Visit to France

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef. (SPA file photo)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef. (SPA file photo)
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Saudi Industry, Mineral Resources Minister Begins Official Visit to France

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef. (SPA file photo)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef. (SPA file photo)

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef, leading a high-level delegation from the industry and mining sector, began an official three-day visit to France on Monday, with scheduled stops in Paris, Marseille, and Toulouse.

The visit aims to strengthen bilateral economic ties and foster cooperation between Saudi Arabia and France in the industrial and mining sectors, as well as explore joint investment opportunities in key strategic areas that the Kingdom is prioritizing for localization, particularly the aviation and food industries.

Alkhorayef will hold a series of bilateral meetings with French government officials and leaders of prominent global French companies in the mining, aircraft manufacturing, and food sectors. The meetings will include discussions with Minister of Economy, Finance, and Industrial and Digital Sovereignty Eric Lombard, as well as the CEOs of Airbus, Safran, Orano, Sidel, Lesaffre, and the Bel Group.

The agenda includes expanding joint cooperation in the industrial and mining sectors, attracting high-quality investments to the Kingdom, and building effective partnerships to leverage the promising opportunities offered by Saudi Arabia’s specialized industrial clusters. The Kingdom's incentives and capabilities available to investors will also be highlighted.

Alkhorayef's visit will feature tours of Airbus's aircraft manufacturing plants in Marseille and Toulouse, providing insights into their industrial facilities and production lines.

The visit is also expected to include the signing of memoranda of understanding with French companies to encourage joint investments, facilitate the exchange of expertise, and promote knowledge transfer in promising industrial sectors.

Saudi Arabia and France maintain strong economic relations, with Saudi non-oil exports to France exceeding SAR1.91 billion in 2024, primarily consisting of machinery and electrical appliances, organic chemical products, and aluminum and its derivatives. French non-oil imports reached SAR18.2 billion in the same year, with essential oils, electrical appliances, and pharmaceutical products among the most significant import sectors.

Alkhorayef's visit to France aligns with the objectives of the Kingdom's Vision 2030, which emphasizes developing international partnerships to boost the competitiveness of the Saudi industrial sector and transform the Kingdom into a leading global industrial power. This includes localizing advanced strategic industries such as aviation and food, attracting high-quality investments, and facilitating the transfer of knowledge, technology, and innovation in these areas.