Riyadh, December 20, 2020, 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 that the Kingdom's vision 2030 came to address all issues, as today the history proves that these important decisions under the vision were at the right time and enabled Saudi economy to confront the effects of the Coronavirus pandemic. The newspaper also referred to the Crown Prince’s speeches about the fund and its pioneering role, as Vision 2030 was able to double the volume of the Public Investment Fund from 560 billion riyals to more than approximately 1.3 trillion riyals. Not only that, since the fund was established, the rate of return on investment did not exceed 2% in the best case. Today, the Public Investment Fund does not achieve less than 7%. During the past five years, the fund was able to establish more than 30 companies in different sectors and will commit to investing 150 billion riyals in 2021- 2022 within the local economy. It also established 15 real estate companies and its mega projects have been established in 13 different regions, indicating that they will contribute to provide one million job opportunities in the tourism sector, and 500,000 in the hospitality sector and 88,000 in the construction sector, the paper added. The newspaper concluded that all these huge numbers and these great accomplishments in record time were accomplished under the leadership of HRH Prince Mohammed bin Salman. In another context, Al-Yaum newspaper said in its editorial that the government of the Kingdom of Saudi Arabia exerts efforts to achieve security and stability in the region. The newspaper added that the Ministry of Foreign Affairs welcomed the implementation of the Riyadh Agreement by the Yemeni parties and the announced formation of a government of political competencies that includes all components of the Yemeni parties. The Ministry also appreciates the Yemeni parties’s keenness to uphold the interest of Yemen and achieve the aspirations of its people to restore security and stability, as the implementation of the Riyadh Agreement is an important step towards achieving a political solution and ending the Yemeni crisis. The Ministry has also affirmed that the generous directives from the wise leadership stressed to continue all efforts to support the brotherly Republic of Yemen to achieve security, stability and prosperity. Regional and international countries welcomed the implementation of the Riyadh Agreement, as it represents the tireless efforts by the Kingdom's government to achieve the state’s position and leadership in preserving peace in the region and the world, the newspaper concluded. Al-Bilad newspaper said in its editorial that the Kingdom's oil policy is based on basic pillars, foremost of which is that oil is a strategic commodity on which the global economy is based. During the pandemic and its repercussions on the global economy, oil markets were affected; as a result, the Kingdom’s historical role, in cooperation with Russia, accomplished the OPEC Plus agreement. This success is promoted by the two countries through close cooperation in this field and within the framework of the strategic partnership that the leadership is keen on, which result in cooperation in major projects in many vital areas between Saudi Arabia and Russia. --SPA 10:09 LOCAL TIME 07:09 GMT 0002 www.spa.gov.sa/w1470347