NEOM - The Saudi Council of Ministers held its session today, Tuesday, Safar 26, 1442 AH, corresponding to October 13, 2020 CE - via video communication - headed by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud.

Majid bin Abdullah Al-Qasabi, the Minister of Information in charge, stated that the Council of Ministers described the positive assessments of the credit rating agencies on the Kingdom’s economy as reflecting its robustness, flexibility and ability to face global economic challenges, the effectiveness of structural reforms, financial and economic policies, and the strength of the Kingdom’s financial position and its ability to continue Growth, especially in light of the exceptional crises and circumstances that the world is currently witnessing, stressing that the Kingdom is continuing to achieve the goals of its vision towards enabling its financial sector to be among the largest financial centers in the world by 2030, despite the global economy facing the repercussions of the Coronavirus pandemic.

The Council expressed the Kingdom’s interest and keenness to promote the values ​​of pluralism and international cooperation stipulated in the United Nations Charter, in order to achieve sustainable development plans and goals and overcome challenges to reach a more inclusive and just world, referring in this regard to the Kingdom’s invitation during the work of the Economic and Financial Committee in the session The seventy-fifth of the United Nations General Assembly, due to the importance of promoting the 2030 Sustainable Development Goals in light of the economic, security and geopolitical changes, and global health challenges, represented by the spread of epidemics and their negative impact on development gains. Preventive measures and addressing unforeseen consequences and shocks to the global economy.

The Council of Ministers reiterated the Kingdom’s strong condemnation of the terrorist Houthi militia’s continuing launch of drones (booby traps) to target civilian objects and civilians in the Kingdom in a systematic and deliberate manner, which is a flagrant violation of international humanitarian law and its customary rules.

He indicated that the Council reiterated the Kingdom’s affirmation, before the Ministerial Meeting of the Non-Aligned Movement, at the United Nations General Assembly, the importance of adhering to the basic principles of the Non-Aligned Movement in facing challenges, and supporting all efforts to achieve a stable and secure world, including the principles of the Bandung Conference in addressing conflicts and combating terrorism and threats. Renewable nuclear and other threats, climate change and its implications, and deepening multilateral cooperation that enhances international peace and security.