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Friday, Feb 23, 2024

Saudi Arabia keen on ensuring regional progress, stability, says Al-Jadaan

Saudi Arabia keen on ensuring regional progress, stability, says Al-Jadaan

Saudi Arabia aims to create the right conditions for regional economic stability, the Saudi finance minister said during the preparatory meeting of the Arab Economic and Social Development Summit in Jeddah.
Mohammed Al-Jadaan noted that the Kingdom is consistently working to create the right conditions by launching many initiatives to support joint Arab action, including its collaboration with the Arab Coordination Group to improve food security.

Al-Jadaan said the Kingdom is looking forward to mobilizing efforts to address debt-related issues through the joint framework for managing debts, which was approved by G20 country leaders at the Riyadh Summit.

According to data from the Organisation for Economic Co-operation and Development, the Kingdom has also offered development and humanitarian aid to support developing countries.

Al-Jadaan also welcomed the return of Syria to the League of Arab States in his opening remarks during the conference.

He pointed out that the ongoing global issues require adaptable, long-term economic and financial frameworks that can withstand future risks.

The consecutive global crises have resulted in joint development and economic issues, highlighting the importance of economic cooperation among Arab countries, Al-Jadaan said.

The minister concluded by underlining the Kingdom’s aspirations to collaborate with member states to advance the Arab economic and social integration process.

The meeting emphasized the importance of strengthening joint Arab economic and social action and finding urgent solutions to the challenges facing the region and its people.

In July last year, Saudi officials emphasized the importance of international cooperation in overcoming global challenges while highlighting the country’s progress toward achieving the UN Sustainable Development Goals, aligned with Kingdom’s Vision 2030 diversification agenda.

The assistant secretaries, heads of the League of Arab States’ economic and social affairs departments, and senior officials from the member states were present at the meeting. The officials discussed several economic and social issues.

These issues will be presented to the Economic and Social Council to be considered as the talking points at the 32nd session of the Arab Summit.

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