Prince Sultan went on to confirm the great attention that the Saudi government pays to education as an
investment in human capital representing economic growth and social prosperity to which the current
State budget has appropriated SR 49.38 billion [U.S. $ 13.17 billion]. He quoted official reports that there
are currently almost 25,000 schools in public education, plus eight universities with hundreds of colleges
accommodating over five million students, both male and female, who are instructed by thousands of
efficient teachers. Focusing on the role of teachers, he stressed the importance of teacher training and the
updating of the educational system to cope with the requirements of economic and social development on
the one hand, and on the other, to keep up with the accelerating developments in the field of knowledge
worldwide.
The cabinet was then briefed on the outcome of the 76th conference of foreign ministers of the member
states of the Gulf Cooperation Council (GCC) held in Jeddah last Saturday. Praising its results, the cabinet
declared that the meeting had covered all issues of vital concern to Gulf, Arab and Islamic nations.
The cabinet passed a number of resolutions, including approval of a draft agreement on cooperation with
the Republic of Hungary in the field of youth and sports, and authorization for the Minister of Education to
discuss a draft agreement on cultural cooperation with the Republic of Venezuela.