Saudi Cabinet approves implementation of “Minerals Insurance” project with Davos Forum

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Learn about the most important decisions of the Saudi Cabinet, in Tuesday’s session, headed by the Saudi Crown Prince.

Agreed Saudi Cabinet, chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, on the draft cooperation agreement between the Ministry of Industry and Mineral Resources in the Kingdom and the World Economic Forum “Davos”, to implement the “Securing Minerals for Global Development and Prosperity” project, with a mandate Minister of Industry and Mineral Resources- Or his representative – to sign it.

The Saudi Council of Ministers approved the inclusion of the Insurance Authority in the membership of the Permanent Committee for Combating Money Laundering.

The Council also approved the transfer of the authority to issue licenses for some professions, namely: accounting and auditing, financial consulting for non-securities, providing zakat and tax services, and accounting services, from the Ministry of Commerce to the Saudi Organization for Certified Public Accountants, in addition to amending a number of articles of the accounting and auditing profession system, and organizing the Saudi Organization for Certified Public Accountants.

Saudi Cabinet approves memoranda of understanding with several countries

And he acknowledged Saudi Cabinet During its session today, Tuesday, the Council approved two memoranda of understanding between the Kingdom and Tajikistan and Azerbaijan, regarding mutual exemption from short-term residence visas for holders of diplomatic, special, and service passports, according to a statement by Minister of Information Salman bin Youssef Al-Dosari to the Saudi Press Agency, following the session.

The Council also approved a cooperation agreement to exchange personal data and information for security purposes and protect them between the Kingdom of Saudi Arabia and Qatar, in addition to approving a memorandum of understanding for cooperation in health fields between the Ministry of Health in the Kingdom and the Ministry of Health in Cuba.

In the aviation sector, the Council approved a memorandum of understanding between the General Authority of Civil Aviation in the Kingdom and the Civil Aviation Authority in the Maldives in the field of airports and seaplanes.

Cooperation between the Kingdom and the countries of the world

For his part, Minister of Media Salman bin Yousef Al-Dosari explained that the Saudi Cabinet reviewed the latest developments in cooperation between the Kingdom and the countries and organizations of the world, and the progress in the paths of joint work aimed at strengthening bridges of communication and coordination, contributing to the consolidation of international security and stability, and providing the conditions that support development and prosperity in the region and all its peoples.

And praised Saudi Cabinet With the results of the second meeting of the strategic dialogue between the Kingdom and Japan, which reflected the strength of bilateral relations between the two countries, and the common aspiration to enhance them in various fields, in a way that achieves the mutual interests of the two friendly peoples.

Outcomes of the International Labor Market Conference

The Saudi Cabinet also reviewed the outcomes of the economic gatherings recently hosted by Riyadh, praising the success achieved by the International Labor Market Conference, which resulted in the signing of 70 agreements and memoranda of understanding between government agencies and private companies, contributing to supporting more than 300,000 beneficiaries, as part of efforts to empower national cadres and increase their participation in development, in order to achieve the goals of “Saudi Vision 2030.”

In the same context, the Council appreciated the high-level international participation witnessed in the fourth edition of the Real Estate Future Forum, and the signing of a number of agreements and deals that will contribute to the development and growth of the real estate sector, and benefit from its future opportunities, thus enhancing the Kingdom’s regional and global position as an attractive destination for real estate investment.

 

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