Saudi Cabinet backs coalition’s call for dialogue between Yemeni parties

King Salman chairs the Cabinet session in Riyadh on Tuesday. (SPA)
Updated 31 January 2018
0

Saudi Cabinet backs coalition’s call for dialogue between Yemeni parties

RIYADH: The Saudi Cabinet has welcomed statements from the Arab Coalition Supporting Legitimacy in Yemen calling for restraint and to open a dialogue over the developments in the temporary capital of Yemen in Aden.
Chaired by King Salman at Al-Yamamah Palace in Riyadh on Tuesday, the Cabinet also praised the coalition’s call on the Yemenis to work jointly with the coalition to complete liberation of Yemeni lands from the Iranian-backed Houthi militia and to avoid partition, discord and the undermining of state institutions in the conflict.
The Cabinet further welcomed the coalition’s demand to all Yemeni parties to stop fighting immediately and to focus on the key objectives, notably restoration of legitimacy, security and stability, and to resolve all issues through available political mechanisms.
At the local level, the Cabinet dealt with the Kingdom’s participation in the World Economic Forum in Davos, Switzerland, where the Saudi delegation highlighted the economic reforms undertaken by the Kingdom to build an economy depending on innovation in order to set an example at Arab and global levels.
On the Kingdom’s speech during an open dialogue at the UN Security Council last Thursday on “the situation in the Middle East, including the Palestinian question,” the Cabinet stressed that Al-Quds is the permanent and historic capital of Palestine in accordance with international resolutions. Any procedures taken by the Israeli occupation authorities are void and will only increase tension in the Middle East and weaken hopes of reaching a comprehensive and lasting two-state solution, the Cabinet said.
On terrorism, the Cabinet renewed the Kingdom’s strong condemnation of bombings in Kabul, Afghanistan, which resulted in tens of deaths and injuries. The Cabinet voiced the Kingdom’s condolences to the victims’ families and its solidarity with the Afghan government in the face of all forms of terrorism.
Later, the Cabinet approved a series of decisions including the establishment of diplomatic relations between the Kingdom and Rwanda and a cooperation agreement in agriculture between the Kingdom and Russia. The Cabinet also authorized the Minister of Housing to discuss and sign a draft memo of understanding on housing and construction between the Kingdom and Tunisia.


Major projects, investments worth over $685bn unveiled on Saudi National Day

A photo taken on July 5, 2018, shows Bader al-Ajmi, 38,(L) owner of "One Way Burger" serving customers from his truck at a main street in the capital Riyadh. (AFP)
Updated 22 September 2018
0

Major projects, investments worth over $685bn unveiled on Saudi National Day

  • The private sector’s contribution to the GDP at constant prices doubled to around SR1236.6 million in 2017

JEDDAH: A major economic boost in the form of 10 major projects and investments exceeding SR685 billion ($183 billion) were unveiled as celebrations of the 88th Saudi National Day got under way.
The Council of Saudi Chambers released a report focusing on great economic achievements in 2017.
These projects reflect the Kingdom’s vision under the wise leadership of King Salman and that of Crown Prince Mohammed bin Salman to provide a brighter future through diversifying sources of national income, tackling environmental challenges and increasing investment and prosperity.
The report summarized the most important events and economic developments in the Kingdom over the past year. These include the lifting of the ban on women driving in June, and the establishment of the General Authority for Cyber Security, in addition to the numerous royal decrees providing financial support to Saudis.
It also noted the important decisions related to the Saudi business sector. These include the launch of a private sector incentive program with a value of SR72 billion, the privatization of 10 government sectors and the establishment of the General Authority for Real Estate. The private sector is still showing a strong performance as an efficient partner in the inclusive development process and in the achievement of the Kingdom’s 2030 Vision, the report noted, as it contributes 39 percent to the Saudi gross domestic product (GDP).
The private sector’s contribution to the GDP at constant prices doubled to around SR1236.6 million in 2017. There has been increased contribution to GDP from non-oil private sector streams.
The private sector also witnessed an increase in the number of workers, in its capital, in the number of shares on the Saudi market, in the cumulative number of establishments operating in the Kingdom, and in non-oil exports.
Continued growth of the private sector was attributed by the report to the Saudi government’s support. This support comes through initiatives such as the removal of obstacles to financial development, improvements to the working environment and policies adopted to boost investment.
It also reviewed the private sector’s efforts to support diversification of the economy and lower unemployment rates.
The importance of the measures taken to prioritize the employment of qualified Saudi workers over the employment of expatriates in the private sector were stressed, as well as the sector’s role in providing education and health services.