Arab Press

بالشعب و للشعب
Tuesday, Mar 17, 2026

Cabinet approves privatization rules

Cabinet approves privatization rules

The Cabinet, headed by the Custodian of the Two Holy Mosques King Salman, approved on Tuesday the rules governing privatization.
At the outset of the session, the Custodian of the Two Holy Mosques thanked Allah Almighty for the bestowed blessings on the Kingdom of Saudi Arabia and the honor in serving the Two Holy Mosques and their visitors.

The King on the occasion of the 91st National Day said that he looks forward to more accomplishments to achieve further progress and prosperity for this country, whose pillars were laid by the late founder King Abdulaziz and continued to grow and empower under the leadership of his sons after him, to be the land of progress, beacon of civilization and home of justice, and a spot that spreads and promotes peace in the whole world.

Then, the Cabinet was briefed on the recent talks and meetings that took place between the Saudi Arabia and a number of countries, including the content of the message that the Custodian of the Two Holy Mosques sent to Algerian President Abdelmadjid Tebboune, dealing with the historical fraternal relations between the two countries and ways to enhance joint cooperation.

The Cabinet touched upon Saudi Arabia, UAE, UK and the US affirmation of commitment to a comprehensive political solution to the crisis in Yemen, their full support for the UN Special Envoy, as well as their call on the Yemeni government to take all necessary steps as soon as possible in order to start achieving economic stability in Yemen.The Cabinet reiterated Kingdom's support for international efforts aimed at preventing Iran from acquiring nuclear weapons and strengthening the Non-Proliferation Treaty in the region and the world.

This is in addition to the Kingdom citing, during the session of the Board of Governors of International Atomic Energy Agency (IAEA), Iran's continued flouting of the IAEA’s safeguards and its non-commitment to the IAEA’s Additional Protocol by working on expanding and developing its nuclear capabilities.

The Cabinet reviewed Saudi Arabia’s activities during the week, including the launch of the Human Capability Development Program (HCDP), one of Vision 2030 realization programs, whereas the program represents a national strategy to strengthen citizens' capabilities locally and globally by seizing promising opportunities resulting from accelerated and renewed changes around the world.

The Cabinet authorized the Chairman of the Board of Directors of the Saudi Space Commission to discuss and sign with the United Nations Space Generation Advisory Council regarding a draft memorandum of cooperation between the Saudi Space Commission of Saudi Arabia and the United Nations Space Generation Advisory Council.

It authorized the Chairman of the Board of Directors of the Saudi Space Commission — or his representative — to sign the joint Declaration of Interest for a Space Climate Observatory.

The Cabinet approved a mechanism of work and governance for the conclusion of trade and trade-related agreements.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Saudi Arabia Targets South African Professionals in New Recruitment Drive Amid Regional Uncertainty
Formula One Faces Major Financial Hit as Bahrain and Saudi Arabian Grands Prix Cancelled Amid Middle East Conflict
U.S. and Saudi Firms Launch Local Production of Attritable Drone Systems in Saudi Arabia
Saudi Arabia and UAE Warn Rising Gulf Tensions Could Endanger Regional Security
Saudi Arabia Rejects Claims It Encouraged Prolonged War With Iran
Saudi Arabia to Host World’s Largest Single-Cell Protein Plant as Food Security Push Accelerates
Saudi Crown Prince Urges Trump to Continue Military Pressure on Iran
Iran Intensifies Drone Campaign Against Saudi Arabia as Gulf Conflict Escalates
When Is Eid al-Fitr 2026? Saudi Arabia Awaits Moon Sighting to Confirm End of Ramadan
When Is Eid al-Fitr 2026? Saudi Arabia Awaits Moon Sighting to Confirm End of Ramadan
Iranian Missile Strike Damages Five U.S. Refueling Aircraft at Saudi Air Base
Iranian Missile Strike Damages Five U.S. Refueling Aircraft at Saudi Air Base
Washington State Pilot Among Six U.S. Airmen Killed in Military Aircraft Crash Over Iraq
Severe Storm Threat Looms Over Washington as Tornado Risk and Damaging Winds Target Mid-Atlantic
Trump Supports FCC Warning to Broadcasters Over Iran War Reporting
Trump Supports FCC Warning to Broadcasters Over Iran War Reporting
Saudi Stocks Edge Lower as Tadawul All Share Index Slips Slightly at Market Close
Iranian Missile and Drone Strike Targets Saudi Arabia’s Prince Sultan Air Base Hosting US Aircraft
Saudi Air Defenses Intercept Drone Over Eastern Province as Iranian Strike Campaign Intensifies
Middle East War Reshapes Gulf Economies as Saudi Arabia and Oman Gain Strategic Leverage While UAE Faces Economic Shock
Iranian Ambassador in Riyadh Blames ‘Enemies’ for Attacks Across the Gulf
Israeli Envoy Ron Dermer Reportedly Visits Saudi Arabia for Discussions on Potential Lebanon Talks
Formula One Cancels Bahrain and Saudi Arabian Grands Prix Scheduled for April
Iran’s Ambassador in Riyadh Rejects Claims Tehran Targeted Saudi Oil Facilities
Saudi Arabia Declares 2026 ‘Year of Artificial Intelligence’ in Major Push for Data-Driven Economy
Saudi Arabia’s 2018 Budget Signals Strong Push for Non-Oil Economic Growth
Pakistan Envoy in Riyadh Says Regional Diplomacy Intensifying to Prevent Wider Middle East War
Saudi Arabia Intercepts Dozens of Drones as Regional Strikes Kill Two in Oman
Saudi Arabia Redirects Oil Exports to Red Sea Ports as Strait of Hormuz Tensions Escalate
Saudi Arabia Intercepts Missile and Drone Barrage as Regional Conflict Intensifies
Iran Expands Drone and Missile Campaign Across Gulf as Conflict With US and Israel Intensifies
Muslims Worldwide Await Saudi Moon Sighting to Confirm Eid al-Fitr 2026 Date
F1 Calendar Faces Major Disruption as Middle East Conflict Threatens Bahrain and Saudi Races
Trump Says Most US Aircraft Hit in Saudi Base Attack Suffered Minimal Damage
Trump Says Most US Aircraft Hit in Saudi Base Attack Suffered Minimal Damage
Strait of Hormuz Crisis Forces Saudi Arabia Into Major Oil Production Shut-In
Strait of Hormuz Crisis Forces Saudi Arabia Into Major Oil Production Shut-In
Saudi Arabia Slashes Oil Output as Strait of Hormuz Crisis Cuts Deep Into Gulf Revenues
Saudi Arabia’s Cultural Scene Presses Ahead as Nation Navigates Regional War
Saudi-Pakistan Defence Pact Faces Real-World Constraints as Iran War Escalates
Saudi Arabia Offers Two Million Barrels of Crude From Red Sea as War Disrupts Gulf Exports
Formula One Faces Tens of Millions in Lost Revenue if Bahrain and Saudi Arabia Races Are Cancelled
Formula One Set to Cancel Bahrain and Saudi Arabian Grands Prix Amid Escalating Middle East War
Saudi Arabia Downs Dozens of Iranian Drones in Major Defensive Operation
Saudi Arabia Cuts Oil Output by About Twenty Percent as Iran War Disrupts Gulf Energy Flows
Formula One Set to Cancel Bahrain and Saudi Arabian Grands Prix Amid Escalating Iran War
Asian Energy Security Tested as Strait of Hormuz Disruption Threatens Oil Supplies
Iran Sets Three Conditions for Ending Regional War as Diplomatic Efforts Intensify
Saudi Arabia Launches Royal Institute of Anthropology to Examine Social Transformation
Pakistan’s Prime Minister Shehbaz Sharif Arrives in Saudi Arabia for High-Level Talks
×