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

1 / 2
Saudi Minister of Finance Mohammed Al-Jadaan addressing the Budget Forum 2020 at the InterContinental Hotel in Riyadh on April 18, 2019. (SPA)
2 / 2
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.


KSRelief launches humanitarian projects in Somaliland

Updated 25 September 2020

KSRelief launches humanitarian projects in Somaliland

HARGEISA: King Salman Humanitarian Aid and Relief Center (KSRelief) has launched projects with a total value of $2.2 million in Somaliland, it announced on Wednesday.

The projects, launched in cooperation with the Norwegian Refugee Council, will reportedly benefit around 100,000 people and cover the fields of women’s and children’s rights, water, environmental sanitation, and education.

Hassan Mohammed Ali, Somaliland’s minister of planning and national development, thanked Saudi Arabia for supporting the nations of the Islamic world in general, and Somaliland in particular.

The assistant director of KSRelief in Africa, Youssef Al-Rahma, said the projects form part of KSRelief's relief and development efforts in Somaliland across several sectors, in addition to raising awareness to fight the coronavirus (COVID-19) pandemic.

In a related development, Najd Health Center in Yemen’s Socotra governorate continues to provide medical services with the generous support of KSRelief in cooperation with the UN Population Fund (UNFPA). The center provides vital services to pregnant women, mothers and children. Beneficiaries expressed their gratitude and appreciation to KSRelief.

KSRelief has also been distributing food baskets to Syrian and Palestinian refugees and the most-vulnerable Lebanese families in several parts of Lebanon.