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Dubai, United Arab Emirates (CNN) – The Saudi government on Tuesday unveiled a kingdom initiative to exempt the least developed countries from debt by offering Saudi Arabia more than $ 6 billion in debt to poor countries, according to a statement from the government. 39; official SPA press agency.
The Council, under the chairmanship of Saudi King Salman bin Abdul Aziz, affirmed "the Kingdom's full cooperation with the United Nations and the international community to achieve all that is good for humanity and meets the aspirations of all. security, stability and development, feeling of responsibility ".
The Council of Ministers decided that "the Committee specialized in the sector of the privatization of factories will transfer the assets, rights and obligations related to the flour milling activity to the companies created for this purpose by the Public Investment Fund. , in accordance with the decisions of the Committee ".
The Council of Ministers referred to Saudi Crown Prince Mohammed bin Salman, during his participation in the Forum's dialogue session of the Future Investment Initiative of 2018, stressing that the Kingdom "had made great strides in the development of the Saudi economy and development in the past three years "Governance and restructuring of many sectors, highlighting the steady growth of the Kingdom's budget and position in the global competitiveness. "
For his part, Saudi Information Minister Awad Bin Saleh Al-Awad, said in a statement to the SPA after the Cabinet meeting that the Council had taken note of the work of the 2018 Forum of the 39: Investment Initiative for the Future organized by the Public Investment Fund for the second year. "National Program for Industrial Development and Logistics", one of the most important programs to achieve the vision of the 2030 Kingdom.
The Council also discussed the signing of huge investment memoranda and agreements in various fields worth approximately $ 60 billion.
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