Saudi efforts to diversify economy are achieving results, Cabinet hears

Saudi efforts to diversify economy are achieving results, Cabinet hears
King Salman chaired the session in Jeddah on Tuesday. (SPA)
Updated 08 May 2019

Saudi efforts to diversify economy are achieving results, Cabinet hears

Saudi efforts to diversify economy are achieving results, Cabinet hears
  • The cabinet was briefed on the latest financial figures

JEDDAH: The quarterly report on Saudi Arabia’s general budget for the fiscal year 2019 shows an improvement in performance, as a result of the efforts being made by the government to implement reforms designed to achieve economic diversification and financial sustainability, the cabinet heard on Tuesday.

During a meeting at Al-Salam palace in Jeddah, chaired by King Salman, the Cabinet was briefed on the latest financial figures, and how they reflect the government’s commitment to transparency, financial disclosure, enhancement of governance and control of the general budget, and achieving the objectives of the financial equilibrium program.

The king instructed all government agencies and private service providers to offer the millions of worshipers who have come to Saudi Arabia for Umrah the best possible services, and highest possible levels of security, safety and comfort.

The king thanked the leaders and heads of state of sisterly and friendly countries, and his fellow Saudi citizens, for their congratulations on the start of the holy month.