His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, led a significant Cabinet session in Riyadh that highlighted Saudi Arabia’s growing international influence and economic achievements. The meeting, which took place following the successful conclusion of the Future Investment Initiative (FII) conference, showcased the Kingdom’s expanding role in global economic leadership and diplomatic relations.
International Engagement and Economic Progress
During the session, HRH the Crown Prince provided comprehensive insights into his recent diplomatic engagements with global leaders and heads of government who participated in the Future Investment Initiative conference. The Cabinet noted that the high-caliber international attendance at FII demonstrated worldwide recognition of Saudi Arabia’s transformative achievements and forward-looking vision, reinforcing its position as a premier global investment destination.
The Cabinet particularly emphasized the Saudi economy’s remarkable adaptability and resilience in navigating global economic transformations. Minister of Media Salman Al-Dossary highlighted the private sector’s substantial contribution to non-oil economic growth since Vision 2030’s inception, validating the effectiveness of the Kingdom’s comprehensive economic reforms.
Strategic Achievements and Recognition
The session celebrated several notable achievements, including Saudi Arabia’s election to the presidency of the International Organization of Supreme Audit Institutions for 2031-2034, reflecting the Kingdom’s commitment to enhancing global standards in transparency and governance. Additionally, AlUla’s triple victory at the World Travel Awards 2025 was recognized as a testament to Saudi Arabia’s emerging prominence in global tourism.
International Partnerships and Agreements
The Cabinet approved several strategic international agreements, including partnerships with Kuwait, Vietnam, Panama, and San Marino, spanning sectors such as tourism, economic cooperation, air transport, and educational collaboration. These agreements reflect Saudi Arabia’s commitment to expanding its global partnerships and enhancing international cooperation across various sectors.
Vision 2030 Alignment
These developments align seamlessly with Saudi Arabia’s Vision 2030 objectives, particularly in diversifying the economy and strengthening international partnerships. The Cabinet’s decisions demonstrate the Kingdom’s continued progress in establishing itself as a global economic powerhouse while fostering sustainable development and innovation across multiple sectors. The successful execution of these initiatives further reinforces Saudi Arabia’s position as a leading force in shaping the future of global economic cooperation and sustainable development.