Cabinet OKs military clothing, equipment plant privatization draft bill

A Cabinet meeting

The Saudi Cabinet approved today, Sept. 16, the draft bill for the privatization of a local military clothing and equipment plant.

In a session held in Riyadh, the Cabinet also reviewed the Kingdom’s participation in the 69th edition of the International Atomic Energy Agency’s (IAEA) General Conference, during which it affirmed its commitment to progress in its national nuclear energy project in cooperation with the IAEA. This is in a bid to develop local human capital and national resources, thus supporting scientific and technological progress, while also enhancing economic and social prosperity, aiming to position the Kingdom as a global testament.

Additionally, the Cabinet highlighted Riyadh’s hosting of the Money 20/20 Middle East Conference as a reflection of the Kingdom’s interest and commitment to supporting innovation and entrepreneurship, enhancing market efficiency, expanding partnerships and investments, and helping shape the future of the Saudi financial sector among the world’s leading hubs in this field.