Crown Prince Mohammed bin Salman Chairs Cabinet Session, Reviews Key Initiatives and Regional Issues

Riyadh, October 29, 2024 (Saudi Arabia Breaking News) – His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, chaired today’s Cabinet session in Riyadh, covering a wide array of national and international issues.
At the session's outset, the Crown Prince briefed the Cabinet on recent discussions with Iraq’s Prime Minister Mohammed Shia' Al Sudani and US Secretary of State Antony Blinken. Minister of Media Salman Al-Dossary later reported to the Saudi Press Agency on the Cabinet’s review of Saudi Arabia’s recent participation in global events, highlighting the Kingdom’s commitment to strengthening partnerships, fostering multilateral cooperation, and addressing global challenges.
Regional Concerns and Peace Efforts
The Cabinet reiterated the Kingdom’s stance at the recent BRICS Plus 2024 Summit, emphasizing its call for an immediate ceasefire in Gaza to protect civilians and ensure uninterrupted humanitarian aid. In alignment with Saudi Arabia’s advocacy for lasting peace, the Cabinet welcomed the first high-level meeting of the Global Alliance for the Implementation of the Two-State Solution, set to be held in Riyadh on Wednesday. The meeting aims to support UN peace initiatives and establish a timeline for a sovereign Palestinian state.
Addressing the situation in Lebanon, the Cabinet reaffirmed the Kingdom’s support for collective assistance to mitigate Lebanon’s ongoing crisis. Saudi Arabia emphasized the importance of supporting Lebanon’s state institutions in fulfilling their constitutional duties and asserting sovereignty.
Humanitarian Initiatives
The Cabinet expressed appreciation for international pledges made at a conference hosted by Saudi Arabia to support displaced people in the Sahel and Lake Chad regions. The Kingdom’s hosting of the conference underscores its dedication to humanitarian causes worldwide and its support for vulnerable communities.
Future Investment Initiative and Economic Development
The Cabinet welcomed attendees to the 8th edition of the Future Investment Initiative (FII8) conference in Riyadh, held under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. The Cabinet anticipates the conference will further global efforts in economic stability, climate change, artificial intelligence, and innovation.
The Cabinet also highlighted the Energy Localization Forum’s achievements, where 117 public and private sector entities signed deals valued at SAR104 billion to localize the energy sector and advance human capital. The recent Multilateral Industrial Policy Forum, organized by the Ministry of Industry and Mineral Resources in collaboration with the United Nations Industrial Development Organization (UNIDO), was praised for fostering global supply chain integration and encouraging entrepreneurship.
Health Sector and CSR Developments
In Riyadh’s recent Global Health Exhibition, agreements worth over SAR55 billion were signed to localize pharmaceutical industries and invest in emerging technologies, underscoring Saudi Arabia’s leadership in the health sector. The Cabinet commended the Custodian of the Two Holy Mosques’ support of the inaugural Global Corporate Social Responsibility Forum, which facilitated memoranda of understanding aimed at advancing sustainable social development.
Key Decisions and International Cooperation
The Cabinet approved several decisions, including:
A memorandum of understanding for political consultations between the Ministry of Foreign Affairs of Saudi Arabia and San Marino’s Ministry of Foreign Affairs.
Authorization for the Minister of Commerce to negotiate with Bahrain, Qatar, and Estonia to develop Saudi Arabia’s small and medium enterprises (SMEs) sector through cooperation with Bahrain’s Labor Fund, Qatar Development Bank, and Estonia’s Business and Innovation Agency.
The Cabinet session concluded with decisions aimed at enhancing the Kingdom’s partnerships and expanding international cooperation, reinforcing Saudi Arabia’s commitment to sustainable development and strategic growth across multiple sectors.