Riyadh, July 16, 2021, SPA -- Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas. Al-Eqtisadiah newspaper reported in its editorial titled " Pillars of the Vision, Reforms and Benefits", the Saudi economy in the past year went through a difficult period, due to the negative repercussions of the COVID-19 pandemic on vital economic and trade sectors. Nevertheless, and even at a time when the whole world suffered from the repercussions of the COVID-19 pandemic, the Saudi economy was able to face and overcome the crisis. The newspaper added that according to the annual report of the Saudi Central Bank (SAMA), the Kingdom of Saudi Arabia was able to control the repercussions, through making decisions and implementing strategic development projects within Vision 2030. Because of the strategic plans that are based on economic diversification and the broad comprehensive development of all sectors in the country, the repercussions of the pandemic have been overcome. The Saudi government was able to mitigate the impacts of the crisis; therefore, officials in major countries expressed their admiration for the Kingdom of Saudi Arabia's strategy to control the crisis. International institutions considered the government of the Kingdom of Saudi Arabia's way of dealing with the crisis a model not only with regards to COVID-19, but with any similar crises that may appear in the future, the paper concluded. In a different context, Al-Yaum newspaper reported in its editorial that the Kingdom of Saudi Arabia's participation at the 74th Cannes Film Festival is the strongest and most prominent representation in its history. The participation emanated from the generous and unlimited support of His Royal Highness Crown Prince Mohammed bin Salman, for sectors of culture, filmmaking and film production in line with the objectives of Saudi Vision 2030. The Saudi pavilion succeeded in confirming the position of Saudi Arabia as an incubator for the Arab film industry, and a significant and influential market in the Middle East. The Saudi Pavilion was the largest representation of its kind in the history of the Kingdom. It included wide participation from a number of government agencies, the private sector and Saudi companies specialized in the field. It also witnessed launching high-level activities and initiatives, the paper further added. The paper concluded that the distinguished Saudi participation in the festival reflects the level of qualitative progress witnessed by the film and film production sector in light of the new legislation and specialized commissions that emerged during the past few years. Today, the Kingdom of Saudi Arabia introduces itself as a pioneer ambitiously embarking on filmmaking and film production, having high human, cultural and artistic potential that make it a new hub and incubator for the film and cinema industry in the region. --SPA 09:54 LOCAL TIME 06:54 GMT 0005 www.spa.gov.sa/w1586470