Saudi Cabinet approves economic, security strategy

King Salman Chairs Saudi Arabia’s Cabinet's in Jeddah
King Salman Chairs Saudi Arabia’s Cabinet's in Jeddah

The Saudi Cabinet onTuesday began its session with a brief on Saudi Arabia's delegationparticipating in the World Economic Forum in Davos. The report includeddiscussions and meetings held with senior economists on the UN's sustainabledevelopment goals.

Chaired by KingSalman at Al-Yamamah Palace in Riyadh, the Cabinet discussed thesignificance of the Kingdom's role in the 2020 G20 Riyadh Summit.


The Council then highlighted the reforms and achievements of the Kingdom'sVision 2030 and its strategic priorities.


The Cabinet said that it will be monitoring the developments of the oil marketsfollowing the negative perspectives after the possible impact of Coronavirus onthe Chinese and global economies.


It expressed its belief that the Chinese government and the internationalcommunity will eradicate the virus, noting that the Kingdom and OPEC's memberstates have the necessary capabilities to address any changes by takingmeasures to support oil market stability.

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