Finance officials meet to map out Saudi Arabia’s budget plans

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Saudi Minister of Finance Mohammed Al-Jadaan addressing the Budget Forum 2020 at the InterContinental Hotel in Riyadh on April 18, 2019. (SPA)
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Participants attending the Budget Forum 2020 at the InterContinental Hotel in Riyadh on April 18, 2019. (SPA)
Updated 19 April 2019

Finance officials meet to map out Saudi Arabia’s budget plans

  • Finance representatives of 150 government bodies meet for the Budget Forum 2020

RIYADH: Saudi finance chiefs have kicked off a major conference in the capital aimed at mapping out the Kingdom’s budget requirements.
Around 300 specialists representing 150 government bodies met at the InterContinental hotel in Riyadh for the Budget Forum 2020.
Minister of Finance Mohammed Al-Jadaan welcomed delegates to the second edition of the gathering organized by the Saudi Finance Ministry under the slogan “Partnership and Empowerment.”
Al-Jadaan said the ministry was focused on “partnership and commitment,” and sought to share the challenge of developing an effective budget to achieve the Kingdom’s ambitious goals.
“We are also committed to empowering financial leaderships to learn about the ministry’s programs and projects and provide training and qualification opportunities to the best international standards,” he added.
The finance chief said the budget planning process required the collaboration of multiple authorities and a clear strategy based on transparency. 
Items up for discussion at the forum included financial planning in governmental bodies, automation, and the promotion of revenues and efficient spending.
Finance Ministry steering committee chairman, Abdul Aziz bin Saleh Al-Freih, stressed the importance of the forum in getting the ball rolling at an early stage on formulating a general state budget.
Workshops were held on the sidelines of the conference focused on empowering government organizations, and a training program on financial planning and income estimations was also staged.


Saudi railway wins international award for safety measures

Updated 34 min 18 sec ago

Saudi railway wins international award for safety measures

RIYADH:  The Saudi Railways Co. (SAR) won the International Safety Award for 2020 from the British Safety Council for the second time in a row for its exemplary management of health, safety and environmental risks.

CEO of SAR Dr. Bashar bin Khalid Al-Malik said that the company puts at the forefront of its strategic plans the application of the highest safety standards in operating the rail network in the Kingdom.

He said that SAR accords top priority to the culture of safety in the management, operation and maintenance of its trains by following international laws that have proven effective in ensuring safety in the work environment.

Al-Malik said: “We are proud that SAR wins such international awards, which reflect the efforts and decisions taken to apply and develop health and safety measures.”