NEOM, October 3, 2023, The Cabinet session chaired by Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, was held in NEOM. During the session, the Cabinet discussed various topics including messages from the presidents of Benin and Chad regarding bilateral relations. They also reviewed recent talks between senior Saudi officials and counterparts from various countries, focusing on enhancing cooperation through visits and partnerships.
Furthermore, discussions centered on the work of coordination councils' committees involving Saudi Arabia and several countries, emphasizing initiatives aimed at strengthening collaborative efforts across various fields to benefit their respective populations.
On the domestic front, the Cabinet delved into the state's general pre-budget statement for the fiscal year 1445-1446 Hijri (2024). This included assessments and objectives geared toward supporting the Kingdom's comprehensive development process, which encompasses improving service quality for citizens and residents and continuing economic growth and diversification while maintaining financial sustainability.
Additionally, the Cabinet reviewed labor market indicators for the second quarter of the year, highlighting a decline in the unemployment rate among Saudis to 8.3%, down from 9.7% in the same period last year, attributed to the initiatives and programs of Vision 2030.
The establishment of Saudi Arabia's first electric vehicle factory was acknowledged as a testament to the success of Vision 2030, signifying economic diversification, investment attraction, sustainability, and the localization of modern technologies.
In recognition of World Teachers' Day, the Cabinet expressed appreciation for teachers' pivotal role in shaping future generations and building a society poised for development.
The Cabinet also issued several key decisions, including authorizations for talks with Belgium, the Netherlands, Singapore, Angola, Guinea, Jordan, Tajikistan, and Bahrain to explore various cooperative agreements across different domains. Additionally, discussions with Thailand regarding an Arabic language service memorandum of understanding were included in the deliberations.
