2002 News Story

Cabinet meeting

Custodian of the Two Holy Mosques King Fahd bin Abdulaziz today chaired the regular weekly meeting of the Council of Ministers, which received briefings on a number of industrial and investment projects in the Kingdom. Giving praise to God Almighty for the great achievements of these projects, King Fahd stressed the industrial sector's importance in diversifying sources of income and employing more young Saudis in support of the nation's economy. He went on to praise the distinguished roles in promoting industry in the Kingdom that has been played by the Royal Commission for Jubail and Yanbu and the Saudi Arabian Basic Industries Corporation (SABIC). It is a source of pride for the Kingdom, he said, and a direct result of the government's support, that Saudi industry has access to international competition, has top ranking on the list of the world's largest petrochemical companies, and markets its products in over 100 countries. Saudi products now reach a wide range of markets in Asia, Europe and the United States, thanks to their capability for competition, their good quality, their dependable availability, and the solid backing of the Saudi economy.

The cabinet then once again denounced the escalation of Israel's attacks against the Palestinian people, and especially the recent remarks of the Israeli Prime Minister, who stated that his country's military operations in Gaza will continue. Such remarks, the cabinet declared, highlight the insistence of the Israeli government on continuing its aggression and defying the will of the international community; and reiterated its appeal to those all over the world who love peace to put pressure on Israel to stop the ongoing attacks against the unarmed Palestinian people, cease its ugly crimes and implement the relevant international resolutions.
Turning to domestic issues, the cabinet passed a number of resolutions, including approval of a memorandum of cooperation between the Ministry of Higher Education and the University of Rennes in France; authorization for the Minister of Commerce or his deputy to sign a draft technical program for cooperation in the area of standardization with the Ministry of Industry of the Republic of Lebanon; and authorization for the Minister of Health or his deputy to discuss and sign, within the framework of the Saudi-Korean Joint Committee, a memorandum of understanding with the Ministry of Labor of the Republic of Korea, aimed at recruitment of medical cadres, including nurses and technicians.