Saudi Cabinet approves setting up Kingdom University in Riyadh

The Saudi Cabinet approved the rules and procedures governing the work of committees responsible for resolving insurance disputes and violations, during its meeting held today, May 12, in Jeddah, chaired by Crown Prince and Prime Minister Mohammed bin Salman.

The Cabinet also approved several decisions, most notably the establishment of Kingdom University in Riyadh.

During the session, the Council reviewed the quarterly report on the performance of the state’s general budget for 2026, including indicators reflecting the government’s continued commitment to enhancing spending on priority sectors such as healthcare, education, social development, and infrastructure, including water and energy, as part of ongoing efforts to improve services provided to citizens.

The Cabinet also highlighted the growing momentum witnessed in the industrial and mining sectors during 2025, including progress in strengthening local industrial capabilities and attracting quality investments.

It also underscored efforts to enhance self-sufficiency in targeted sectors, in a way that supports the diversification and sustainability of the production base and boosts the competitiveness of national exports in global markets.