Deputy Crown Prince Chairs Cabinet's Session 3 Riyadh

  • 2/5/2023
  • 23:19
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The council listened to a report on the kingdom's participation in the 4th ministerial forum on gas which was organized by the International Energy Forum and the World Federation of Gas in Mexico and the contents of the statement by the kingdom showing the kingdom's resources, the resources' uses, future goals of its policy in the field of gas and the future of energy in the world on a larger scale; confirmation of the firmness of the kingdom's oil policy; that it has not changed to this day; and its efforts with other producers to ensure price stability for the benefit of producers and consumers and the industry as a whole. The cabinet commended the organization of the fifth annual conference on of the tax forum for the Middle East and North Africa in the kingdom and its agenda item covering deliberations and exchange of expertise and experiences, important and vital topics about tax policies, ways to address them and useful recommendations to address the challenges in the field of taxes and their procedures. The Council of Ministers expressed pride in the kingdom's achievement of tangible progress in the Human Development Report for United Nation Development Program for 2014 as the kingdom ranked 34th globally compared to rank 57th in the report for 2013, joining the group of countries with very high human development; achieved second place among the Arab and Gulf countries; and 10th in the Group of Twenty, which is a positive development and an improvement in its ranking higher than the world's rate and the rate of rank improvement of the groups of other countries. --More 16:05 LOCAL TIME 13:05 GMT www.spa.gov.sa/w

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