Arab Press

بالشعب و للشعب
Saturday, Mar 14, 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
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
Saudi Aramco Turns to Ukrainian Drone Interceptors to Shield Oil Infrastructure from Iranian Threats
UK Foreign Secretary Travels to Saudi Arabia to Reinforce Support for Regional Allies
Rising Iran Conflict Casts Shadow Over Saudi Arabia’s $38 Billion Gaming Industry Ambitions
Iran Launches Missile and Drone Strikes Across Gulf as Oil Prices Surge Past $100
Saudi Air Defences Destroy Three Drones Targeting Strategic Shaybah Oil Field
Debate Grows Over Saudi Arabia’s Role in Sudan War Amid US Alliance Questions
Pakistan’s Prime Minister Travels to Saudi Arabia After Discussions With Iranian Leadership
Two Strategic Pipelines Allow Saudi Arabia and the UAE to Bypass the Strait of Hormuz
US Deploys Bunker-Buster Bombs to UK Airbase as Iran Conflict Intensifies
Iran warns of $200 oil as forces target merchant ships in Gulf
Japan to Release 45 Days of Oil Reserves Amid Iran Conflict
Three Commercial Vessels Attacked Near Strait of Hormuz, Thai-Flagged Ship Damaged and Crew Evacuated
Saudi Red Sea Oil Exports Set for Record in March as Kingdom Reroutes Crude Amid Hormuz Crisis
Saudi Arabia Seeks Belgian Military Support After Iranian Missile Attacks
Saudi Arabia Welcomes US Decision to Designate Sudan’s Muslim Brotherhood as Terrorist Organisation
Saudi Aramco Plans Dual Gulf and Red Sea Export Routes as Iran Crisis Disrupts Oil Shipments
Saudi Cabinet Condemns Iranian Attacks and Reaffirms Kingdom’s Right to Defend Its Sovereignty
Ukraine Deploys Counter-Drone Teams to Gulf States as Iranian Drone Threat Expands
Bahrain Grand Prix Faces Uncertainty as Saudi Arabia Works to Keep Formula One Race on Track
Saudi Arabia Faces New Strategic Dilemma in Yemen as Regional War Reshapes Calculations
OPEC Confirms Saudi-Led Oil Output Increase as Iran War Disrupts Global Energy Markets
Pakistan Pledges Rapid Support for Saudi Arabia Amid Escalating Middle East Tensions
Global Energy Agency Announces Record Release of 400 Million Barrels to Stabilize Oil Markets Amid Hormuz Disruption
Aramco Warns Global Oil Market Faces ‘Catastrophic’ Shock if Strait of Hormuz Remains Closed
Iran Launches Drone and Missile Attacks Across Gulf Targets Including Saudi Arabia, Kuwait and Bahrain
Saudi Arabia Elevates Fahad Al-Saif as Vision 2030 Enters Crucial Implementation Phase
Saudi Aramco Expands Routes to Move Oil Without Reliance on the Strait of Hormuz
Saudi Arabia and Pakistan Reaffirm Mutual Defense Cooperation Following Iran Strike
Saudi Arabia Plans Major Ukrainian Arms Deal to Counter Iranian Drone Threat
Pentagon Signals Intensification of U.S. Air Campaign as Iran Conflict Escalates
U.S. Senator Lindsey Graham Raises Prospect of Mutual Defense Pact With Saudi Arabia Amid Iran Conflict
Why Saudi Arabia Is Unlikely to Have Wanted U.S. Airstrikes on Iran
Saudi Arabia’s Red Sea Oil Exports Set to Reach Record High as Gulf Routes Face Disruption
Saudi Arabia Pushes East–West Oil Pipeline Toward Full Capacity as Hormuz Crisis Disrupts Global Energy Flows
Oil Prices Retreat From Peak as G7 Weighs Release of Strategic Reserves
×