The Cabinet discussed a series of important files in its weekly session and issued several decisions related to economic and social development.
Key Decisions
- Approval: of a national strategy for defense industries
- Adoption: of a new foreign investment system
- Expansion: of the scope of unified national platform services
- Launch: of a support program for small and medium enterprises
Economic Affairs
The session focused on economic files, approving a package of measures to support the private sector and boost economic growth. Decisions included:
- Reducing commercial license fees by 30%
- Launching an innovation support fund worth 10 billion riyals
- Facilitating recruitment procedures for the private sector
Social Affairs
The session also addressed several important social files:
- Increasing social security allocations
- Expanding the housing program for low-income citizens
- Launching a training and employment program for new graduates
Official Statement
"These decisions come within the ongoing efforts to achieve Vision 2030 targets and improve citizens' quality of life."
It is worth noting that the Cabinet holds its weekly sessions under the chairmanship of the Custodian of the Two Holy Mosques, and follows up on the implementation of previous decisions and issues directives to relevant authorities.