RIYADH: Crown Prince Mohammed bin Salman on Tuesday reaffirmed Saudi Arabia’s growing status as a leading global destination for investment and innovation, as he chaired the weekly cabinet session in Riyadh.

At the start of the meeting, the crown prince briefed ministers on the outcomes of his discussions with several world leaders and heads of government who visited the Kingdom to participate in the Future Investment Initiative (FII) conference.

The cabinet affirmed that the high-level international attendance at the event reflected global confidence in Saudi Arabia’s economy and appreciation for its achievements and vision. The Kingdom, ministers said, has become “an international economic destination and a global center that brings together leaders and innovators to transform visions into practical strategies that shape the future of investment.”

The council discussed the strength and flexibility of the Saudi economy, its ability to adapt to global transformations, and its sustained growth across non-oil sectors such as advanced manufacturing, technology, tourism, and entrepreneurship.

Minister of Media Salman bin Yousef Al-Dossari said in a statement that the cabinet commended the private sector’s growing role in driving non-oil activities since the launch of Vision 2030, describing it as proof of the success of economic reforms and the expansion of the business environment.

The cabinet also celebrated Saudi Arabia’s election to preside over the International Organization of Supreme Audit Institutions (INTOSAI) for three years starting in 2031, calling it further recognition of the Kingdom’s leadership in transparency and governance.

The council also praised AlUla’s receipt of three World Travel Awards for 2025, and its rising prominence as a regional tourism hub and a symbol of Saudi Arabia’s rich cultural and historical heritage.