Cairo, February 16, 2024, Dr. Riyad bin Mohammed Al-Khorayef, the Undersecretary of the Ministry of Finance for International Relations, spearheaded the delegation representing the Kingdom of Saudi Arabia at the 113th regular session of the Arab League's Economic and Social Council. Convened yesterday at the ministerial level, the meeting unfolded at the Arab League headquarters in Cairo, providing a platform for deliberations on a spectrum of economic and social issues pertinent to collective Arab action.
The council deliberated on a range of pivotal matters deemed crucial for bolstering the Arab economic development trajectory and advancing initiatives aimed at realizing the objectives outlined in the sustainable development plan. Participants underscored the urgency of fortifying collaborative Arab economic and social endeavors in light of the swift and consecutive transformations unfolding within the global economic landscape, underscoring the imperative of progressing towards the implementation of the 2030 Sustainable Development Plan.
Throughout the proceedings, Al-Khorayef spotlighted the Kingdom's substantial contributions to development aid across various sectors, encompassing humanitarian relief and infrastructure development. Emphasizing the Kingdom's unwavering commitment to fostering economic stability and championing sustainable development, he reiterated its steadfast support for advancing development and sustainable economic growth across all regional countries.
The Economic and Social Council stands as a cornerstone institution within the Arab League, comprising ministers from Arab member states specializing in economic and financial affairs. Convening biannually, its primary objective is to facilitate cooperation among member states to bolster their economies, leverage natural resources, and streamline bilateral trade facilitation efforts.
