The Cabinet, virtually, Hold Weekly Session, Praising Investment Strategy Launching

Under the chairmanship of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, the Cabinet held its weekly session – via video communication.

It considered the Kingdom’s presidency of associations and federations, related to the World Intellectual Property Organization (WIPO), a new success added to the series of achievements, it has achieved in this field, and reflects its prestige and appreciation, at the international level.

The Cabinet, notably, hailed the launch of the National Investment Strategy, one of the main enablers to achieve the objectives of the Kingdom’s Vision 2030, including developing investment opportunities in promising economic sectors, improving the business environment, enhancing its attractiveness and competitiveness, and increasing the effectiveness of partnership between the public and private sectors.

Such a move would contribute to maximizing the benefit of what God has endowed this country with, from a distinctive strategic location, a leading investment power, and an Arab and Islamic depth, the Cabinet remarked.

It concluded the following: Authorizing the Minister of Energy – or his deputy – to discuss with the British side a draft cooperation agreement, in the field of energy, to sign it, and then submit the final signed copy.

Authorizing the Minister of Finance, Chairman of the Board of Directors of the Zakat, Tax and Customs Authority – or his deputy – to sign a draft agreement between the Government of the Kingdom of Saudi Arabia and the Government of the People’s Republic of Bangladesh, on cooperation and mutual assistance in customs matters, and then submit the final signed copy.

Approval of the re-formation of the Bankruptcy Committee, for a period of 3-Year.

Approving the Postal system.

And, finally, the General Authority for Transport continues the procedures for shifting and positioning its employees, on the new scale.