Saudi Arabia’s Cabinet, chaired by Crown Prince Mohammed bin Salman in Riyadh, approved granting financial rewards to individuals who report violations of the municipal penalties regulation.
The Cabinet also authorized the Ministry of Industry and Mineral Resources, in coordination with the Ministry of Finance, to take the necessary steps to introduce and approve a clause localizing pharmaceutical industries in the balance sheets of government health entities, state news agency SPA reported.
The Crown Prince reviewed the outcomes of his meetings with leaders and government heads who visited the Kingdom during the Future Investment Initiative (FII).
The Cabinet said the strong international presence at FII reflects global appreciation for the Kingdom’s achievements and vision, reinforcing its position as a leading economic destination and global hub for innovation and investment strategy.
It highlighted the Saudi economy’s flexibility and resilience in adapting to global shifts, while sustaining growth in non-oil sectors such as advanced manufacturing, technology, tourism, and entrepreneurship.
The Cabinet also praised the private sector’s growing contribution to non-oil activity since the launch of Vision 2030, reflecting the impact of economic reforms in improving the business environment.
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