King Abdullah chairs Cabinet meeting in Makkah

September 14, 2009

The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz chaired the Cabinet’s weekly session at Al-Safa Palace in Makkah this evening. At the outset, the monarch ordered all authorities to spare no effort in providing for the needs and comfort of Umrah performers and visitors to the Holy Mosque and the Prophet’s Mosque during the final days of Ramadan.

The Cabinet was briefed on several multilateral conferences that took place last week, including the 16th meeting of Saudi Governors in Makkah, the 132nd session of Arab Foreign Ministers in Cairo, and the 81st meeting of the Financial and Economic Cooperation Committee of the Gulf Cooperation Council (GCC) in Jeddah.

King Abdullah then offered a briefing on plans for the 79th Saudi National Day [September 23rd], noting that the holiday will coincide with the official opening of the King Abdullah University for Sciences and Technology (KAUST) in Thol. The new university, the King remarked, will reflect Saudi Arabia’s role in contributing to human knowledge and will become a bridge of contact between the world’s civilizations.

The Cabinet expressed satisfaction over the World Bank’s annual “Doing Business” Report for 2010, released last Tuesday. The report ranked Saudi Arabia as the best place to do business in the entire Middle East and Arab world and 13th on a broader list of 183 countries. The ministers stressed that the Kingdom plans to intensify efforts to improve its business environment and to remove obstacles to investment.

After reviewing its agenda, the Cabinet approved renaming the fund established under Royal Order No. X/41362, dated 20/10/1423, to be the “Social Charity Fund” and approved, for a period of ten years as of 30/12/1430 H., the extension of the government’s concession of its share of profits distributed by the Saudi Electricity Company.