1999 News Story

Council of Ministers meeting

Custodian of the Two Holy Mosques King Fahd Bin Abdul Aziz today presided over the regular weekly meeting of the Council of Ministers, and attested to the success achieved by the authorities concerned with providing the best of services to the guests of God during the recently concluded Hajj.  He gave thanks to God for helping the government fulfil its duties towards the pilgrims, attributing the "distinguished success of the Hajj services first to the grace of God and second to the concerted effort of the Saudi authorities in addition to the advanced infrastructure".  Information Minister Dr. Al-Farsi reported that King Fahd went on to express appreciation to all concerned for their contribution to this year's successful Hajj.

Turning to the issue of water conservation, King Fahd referred to the Kingdom as the world's largest producer of desalinated water, but pointed out that this process is very expensive.  He urged consumers, both citizens and expatriates, to rationalize their use of this vital source of life. Yesterday Saudi Arabia launched the second phase of a nation-wide campaign for conservation of water resources. King Fahd urged the cooperation of all authorities and all individuals to rationalize consumption, and to exert greater effort to educate consumers on the risks of squandering water and depleting resources, and on the usage of advanced techniques in agriculture to reduce consumption.
King Fahd went on to brief the cabinet on the outcome of his talks with Jordan's King Abdullah Bin Hussein Bin Talal, confirming the depth and strength of ties binding the peoples of the two countries, and reiterating the Kingdom's support for the Hashemite Kingdom.
The cabinet then reviewed current developments in the Balkans, particularly the tragic situation of the Muslims in Kosovo who are suffering from displacement, starvation and genocide.  The cabinet reiterated its denunciation of the Serb aggressors against innocent people in Kosovo, and its support of the people of Kosovo.
Turning to domestic matters, the cabinet passed a resolution amending Article (1) of the Act of the Saudi Development Fund (SDF) to read as follows:
"According to this Act, an independent public establishment shall be established under the name 'Saudi Development Fund' with Riyadh as its headquarters, and it shall contribute to the financing of development projects in developing countries by approving loans to those countries, and by supporting non-oil Saudi exports through financing those exports and providing letters of credit to them." 
The cabinet also added a new paragraph acknowledging the bases and provisions of the financing of exports and accrediting them, in order to realize the objective of promoting national exports and preserving the rights of the Saudi Development Fund.