Saudi Arabia's Council of Ministers Approves New Regulations for Economic Expansion and Diplomacy: Investment Companies, MoUs in Agriculture, IT, and Space Sectors, and Visa Fees Coverage for Hajj Workers
The Saudi Arabian Council of Ministers has approved new regulations allowing public entities to establish investment companies and profitable ventures.
This decision is a significant step in the Kingdom's economic expansion and diversification efforts.
The Cabinet also emphasized its commitment to environmental sustainability, regional diplomacy, and humanitarian concerns.
Additionally, the meeting resulted in an agricultural memorandum of understanding between the Saudi and Turkish agriculture ministries and a collaboration MoU in communication technology between the Saudi and Pakistani IT ministries.
The Council of Ministers in Saudi Arabia approved a new agreement between the Ministry of Industry and Mineral Resources and Mauritania's Ministry of Petroleum, Mines, and Energy, focusing on mineral resource collaboration.
The Cabinet also endorsed a cooperation deal between the Saudi Space Agency (SSA) and its Egyptian counterpart, aimed at peaceful purposes in the space sector.
The MoU signed in December facilitates information and technology exchange and research and development cooperation.
Both agreements aim to enhance achievements and advance collaboration in their respective fields.
The SSA (Space Systems Loral) announced a new partnership with Saudi Arabia to advance the space sector in both countries.
This collaboration expands upon existing collaborations between the two nations.
The deal is expected to have a significant impact on the economic and technological growth of the space industry.
Additionally, the Saudi Arabian Cabinet announced that they will continue to cover visa fees for approximately 30,000 seasonal workers participating in the Hajj project's sacrifice project, known as Adahi.
The Cabinet also emphasized its commitment to environmental sustainability, regional diplomacy, and humanitarian concerns.
Additionally, the meeting resulted in an agricultural memorandum of understanding between the Saudi and Turkish agriculture ministries and a collaboration MoU in communication technology between the Saudi and Pakistani IT ministries.
The Council of Ministers in Saudi Arabia approved a new agreement between the Ministry of Industry and Mineral Resources and Mauritania's Ministry of Petroleum, Mines, and Energy, focusing on mineral resource collaboration.
The Cabinet also endorsed a cooperation deal between the Saudi Space Agency (SSA) and its Egyptian counterpart, aimed at peaceful purposes in the space sector.
The MoU signed in December facilitates information and technology exchange and research and development cooperation.
Both agreements aim to enhance achievements and advance collaboration in their respective fields.
The SSA (Space Systems Loral) announced a new partnership with Saudi Arabia to advance the space sector in both countries.
This collaboration expands upon existing collaborations between the two nations.
The deal is expected to have a significant impact on the economic and technological growth of the space industry.
Additionally, the Saudi Arabian Cabinet announced that they will continue to cover visa fees for approximately 30,000 seasonal workers participating in the Hajj project's sacrifice project, known as Adahi.
Translation:
Translated by AI
