Riyadh, June 16, 2020, SPA -- Saudi newspapers highlighted in their editorials today a number of issues at local, regional, and international arenas. Al-Riyadh newspaper said in its editorial that Saudi Aramco has acquired 70% of Saudi Basic Industries (SABIC) shares, amounting SAR 259.1 billion. The paper indicated that the announced deal is in line with Saudi Aramco's strategy, which focuses its activity in the oil and petrochemical refining sectors to meet the needs of demand around the world. The paper added that Saudi Aramco's strategy targets the integration in petrochemical production and energy industry. The paper pointed out that the global economic institutions considered the completion of the deal at this time as a determination of Saudi Arabia to implement its economic program with wisdom and competence, despite any difficulties or challenges left by the negative economic implications. Okaz newspaper said in its editorial that the goals of the Kingdom’s vision 2030 matches with the global sustainable development goals that point to raise the efficiency of Saudi people and protecting them from disease, poverty and ignorance. The paper added that Saudi Arabia, the founding member of the United Nations, has achieved remarkable progress in the paths of economic and social development over five decades. The paper said that Saudi Arabia makes comprehensive review of the development paths and their aligning with the capabilities of the national executive bodies, both governmental and private, to meet its vision goals. -- SPA 09:24 LOCAL TIME 06:24 GMT 0002 www.spa.gov.sa/w1350862