Crown Prince Abdullah Bin Abdul Aziz, Deputy Prime Minister and Commander of the National Guard, today presided over the regular weekly meeting of the Council of Ministers, and reaffirmed full trust in the capability of the Saudi private sector to continue the stable and confident progress that reflects its reaction to and integration with the comprehensive national development of the Kingdom of Saudi Arabia, during which government expenditure in the five-year development plans contributed positively and intensively to the promotion of the economic features of the private sector, enabling it to engage in activities ranging from industry, through agriculture, health, and transportation, to operations and maintenance. In this context, Prince Abdullah welcomed the positive outcome of the recent meeting held by representatives of the Arab Gulf University, education sectors, and chambers of commerce and industry.
Information Minister Dr. Fouad Al-Farsi reported that Crown Prince Abdullah highlighted the attitude of cohesion and cooperation for the realization of the common interests of the education and economic sectors and for working out a well-defined strategy for the work of the nation. Crown Prince Abdullah told the cabinet that the Kingdom of Saudi Arabia under the leadership of Custodian of the Two Holy Mosques King Fahd Bin Abdul Aziz, has determined to promote such cohesion and cooperation with the aim of finding a common vision that guarantees the constant progress of the economic, industrial, agricultural, scientific and education sectors of the Kingdom in the framework of the requirements of the community, modern development and Islamic teachings. He said the overwhelming challenges of the global economy would only strengthen the Kingdom's determination to encourage the private sector and to deepen the integration between the public and private sectors with a common goal to realize the objectives of comprehensive development plans.
Crown Prince Abdullah also expressed thanks and appreciation to all security personnel for their valuable contribution to the Kingdom, urging them to exert greater efforts in this direction.
On the international level, Crown Prince Abdullah announced that the Kingdom of Saudi Arabia welcomes the decision of the friendly American people to elect President Bill Clinton for a second term in office, and expressed the hope that President Clinton would be able to continue his contribution to the realization of people's aspirations for stability, prosperity, and just and comprehensive peace based on international legitimacy, especially in relation to the Palestinian cause.
Dr. Al-Farsi reported that the cabinet then adopted a number of resolutions, including approval of the participation of the Kingdom in setting up the third continental-maritime cable, and authorized the P.T.T. Minister or his delegate to sign the agreement on the establishment and maintenance of the cable and on implementation of contracts for the project with other parties after due consultation with the Minister of Finance and National Economy. The cabinet also endorsed the formation of the board of directors for the Saudi Arabian Standards Organization (SASO) under the chairmanship of the Minister of Commerce, with the Director-General of SASO as Vice Chairman and representatives from the concerned ministers as members.