Saudi Press

Saudi Arabia and the world
Wednesday, Jul 09, 2025

Cabinet approves privatization rules

Cabinet approves privatization rules

The Cabinet, headed by the Custodian of the Two Holy Mosques King Salman, approved on Tuesday the rules governing privatization.
At the outset of the session, the Custodian of the Two Holy Mosques thanked Allah Almighty for the bestowed blessings on the Kingdom of Saudi Arabia and the honor in serving the Two Holy Mosques and their visitors.

The King on the occasion of the 91st National Day said that he looks forward to more accomplishments to achieve further progress and prosperity for this country, whose pillars were laid by the late founder King Abdulaziz and continued to grow and empower under the leadership of his sons after him, to be the land of progress, beacon of civilization and home of justice, and a spot that spreads and promotes peace in the whole world.

Then, the Cabinet was briefed on the recent talks and meetings that took place between the Saudi Arabia and a number of countries, including the content of the message that the Custodian of the Two Holy Mosques sent to Algerian President Abdelmadjid Tebboune, dealing with the historical fraternal relations between the two countries and ways to enhance joint cooperation.

The Cabinet touched upon Saudi Arabia, UAE, UK and the US affirmation of commitment to a comprehensive political solution to the crisis in Yemen, their full support for the UN Special Envoy, as well as their call on the Yemeni government to take all necessary steps as soon as possible in order to start achieving economic stability in Yemen.The Cabinet reiterated Kingdom's support for international efforts aimed at preventing Iran from acquiring nuclear weapons and strengthening the Non-Proliferation Treaty in the region and the world.

This is in addition to the Kingdom citing, during the session of the Board of Governors of International Atomic Energy Agency (IAEA), Iran's continued flouting of the IAEA’s safeguards and its non-commitment to the IAEA’s Additional Protocol by working on expanding and developing its nuclear capabilities.

The Cabinet reviewed Saudi Arabia’s activities during the week, including the launch of the Human Capability Development Program (HCDP), one of Vision 2030 realization programs, whereas the program represents a national strategy to strengthen citizens' capabilities locally and globally by seizing promising opportunities resulting from accelerated and renewed changes around the world.

The Cabinet authorized the Chairman of the Board of Directors of the Saudi Space Commission to discuss and sign with the United Nations Space Generation Advisory Council regarding a draft memorandum of cooperation between the Saudi Space Commission of Saudi Arabia and the United Nations Space Generation Advisory Council.

It authorized the Chairman of the Board of Directors of the Saudi Space Commission — or his representative — to sign the joint Declaration of Interest for a Space Climate Observatory.

The Cabinet approved a mechanism of work and governance for the conclusion of trade and trade-related agreements.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
×