Riyadh – BETH
His Royal Highness Crown Prince Mohammed bin Salman, Prime Minister of Saudi Arabia, presided over the Cabinet session held today in Riyadh.

The Cabinet reviewed the outcomes of HRH’s meetings with leaders and heads of governments participating in the Future Investment Initiative Conference — affirming that the high-level international presence reflects the world’s recognition of Saudi Arabia’s achievements, and its position as a global economic destination shaping future investment strategies.

The Cabinet highlighted the resilience of the Saudi economy and its ability to adapt to global shifts, supported by strong non-oil growth, advances in advanced manufacturing, technology, tourism, and entrepreneurship — with a noticeable contribution from the private sector since the launch of Vision 2030.

The Cabinet also welcomed the Kingdom’s election to preside over INTOSAI for three years starting 2031, and celebrated AlUla winning three World Travel Awards for 2025 — reinforcing its rising global cultural and tourism status.

Several agreements and MoUs were approved in the fields of economy, air transport, tourism, veterinary medical products, higher education, and financial cooperation. The Cabinet also endorsed decisions supporting the localization of pharmaceutical industries in the health sector, promoting governance, granting incentives for reporting municipal violations, and approving high-level promotions.

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BETH Analytical Comment:
Saudi Arabia is no longer reacting to the future — it is shaping it. The Kingdom’s vision is transforming into international institutional influence, turning trust into a global economic standard.