He inaugurated the works of the “Shura” in the presence of the Crown Prince… and praised the strength and durability of the Saudi economy
Custodian of the Two Holy Mosques King Salman bin Abdulaziz affirmed the Kingdom of Saudi Arabia’s support for all international efforts aimed at finding a political solution that leads to an end to the Russian-Ukrainian crisis and the cessation of military operations, in order to protect lives and property, and preserve regional and international security and stability. King Salman stressed that the wars and conflicts that the world is witnessing necessitate a return to the voice of reason and wisdom and activating channels of dialogue, negotiation and peaceful solutions to stop the fighting, protect civilians, and provide opportunities for peace, security and development for all. During the opening of the third year of the eighth session of the Shura Council, in the presence of Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, the Custodian of the Two Holy Mosques said that Saudi Arabia is working side by side with its international partners to mitigate the negative effects of armed conflicts and their painful repercussions on food security. He pointed out that the total Saudi aid in the field of food and agricultural security exceeds $2.8 billion, and that Saudi Arabia is one of the 3 largest donor countries at the international level.
King Salman bin Abdulaziz praised the strength and durability of the Saudi economy, and said that “the International Monetary Fund’s affirmation of the strength of the Saudi economy and its financial position and the positive economic prospects for it in the short and medium term, in addition to the strength of its external economic position, reflects part of the state’s efforts and economic reforms through (Vision of Saudi Arabia 2030) towards improving the business environment, simplifying regulations, digitizing government operations, and working on a wide range of projects in different sectors.
He added: “With the Saudi economy continuing to achieve high growth rates, and despite the significant rises in inflation levels globally, The monetary, financial and economic policy of Saudi Arabia has been able to reduce the effects of inflation and record rates that are among the lowest in the world.