The Saudi cabinet expressed optimism that Wednesday’s high-level meeting of the Global Alliance for the Implementation of the Two-State Solution in Riyadh will establish a timeline for a sovereign Palestinian state and advance efforts to end the occupation.
Reiterating its position from the recent BRICS Plus 2024 Summit, the cabinet firmly opposed any escalation of conflict in the region.
It highlighted the serious threat that ongoing Israeli actions in Gaza pose to both regional and global security, calling for an immediate ceasefire, unobstructed humanitarian assistance, and a renewed commitment to achieving lasting peace.
The cabinet also stressed the importance of coordinated support for Lebanon, as articulated at the "International Conference in Support of the People and Sovereignty of Lebanon."
Saudi Arabia emphasized the need for collective assistance to help Lebanon navigate its current crisis, alleviate humanitarian impacts, and strengthen state institutions to fulfill their constitutional responsibilities and extend full sovereignty across all territories.
The cabinet also expressed gratitude for international pledges supporting displaced people and refugees in the Sahel and Lake Chad region, showcasing Saudi Arabia's commitment to global humanitarian efforts.
It welcomed participants at the 8th Future Investment Initiative (FII) conference, hosted under the patronage of King Salman, aiming to drive economic stability, development, and climate action.
The cabinet highlighted significant agreements at the Energy Localization Forum, with deals worth SR104 billion ($27.6 billion) to boost Saudi energy localization and workforce development.
It praised outcomes of the Multilateral Industrial Policy Forum (MIPF), focusing on industrial policy's role in global supply chains and technology adoption.
The cabinet also commended SR55 billion in investments launched at Riyadh's Global Health Exhibition to enhance healthcare technologies and partnerships. It also valued the inaugural Global Corporate Social Responsibility Forum, promoting sustainable social development in Saudi Arabia.
The cabinet approved various agreements, including a political consultation MoU with San Marino and authorized discussions with Bahrain, Qatar, and Estonia on cooperation to develop the small and medium enterprises sector, startups, and entrepreneurship.
