The Saudi government stressed on Tuesday that the Kingdom’s decades-long investments in energy security and alternative export routes have bolstered its ability to supply the world with energy during the most challenging circumstances despite geopolitical tensions in the region and their repercussions on global supply chains.
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chaired the Cabinet session that was held in Jeddah.
The ministers reviewed developments related to maritime traffic in the Strait of Hormuz. Crown Prince Mohammed briefed them on his telephone call with China’s President Xi Jinping and meetings with Chairman of Sudan’s Transitional Sovereignty Council Abdel Fattah Al-Burhan, Prime Minister of Pakistan Muhammad Shehbaz Sharif, and President of the European Council Antonio Costa.
On behalf of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the Crown Prince welcomed pilgrims arriving from around the world to Saudi Arabia to perform the Hajj, underlining the Kingdom’s pride in serving the Grand Mosque of Makkah and the Prophet's Mosque of Madinah.
Crown Prince Mohammed directed that all resources and capabilities be utilized to ensure the success of the organizational, security, and preventative plans adopted for this year's Hajj, and to continue providing the highest quality services and facilities to the pilgrims in Makkah, Madinah, the holy sites, and at air, land, and sea ports of entry.
The Cabinet discussed the outcomes of the Kingdom’s participation in recent international meetings. These engagements reflect Saudi Arabia’s ongoing support for multilateral action, which strengthens consultation and coordination regarding regional and global challenge, helping foster dialogue and diplomatic solutions while reinforcing international security and peace.
On the domestic level, the Cabinet welcomed the launch of the Public Investment Fund’s five-year strategy, which aligns with the third phase of Saudi Vision 2030. The strategy focuses on building highly competitive local economic systems that boost international leadership, support assets and sustainable returns, and increase the private sector's contribution to national development.
The Cabinet commended the historic performance of non-oil exports in 2025, which achieved an annual growth rate of 15% compared to 2024. The milestone reflects the success of national efforts aimed at developing exports, expanding the Kingdom's export base, and strengthening its position among the world's fastest-growing economies.
The Cabinet highlighted the Kingdom's achievement of first place globally in the digital readiness framework, issued by the International Telecommunication Union, saying it confirms Saudi Arabia's status as a leading international hub for the digital economy and artificial intelligence. It also confirms it as an attractive destination for investment and innovation supported by rapid strides toward a prosperous and sustainable future.
