Cabinet reviews Saudi Arabia’s development achievements

Saudi Arabia's Cabinet reviewed the Kingdom's development achievements during its session in Jeddah on Tuesday. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the meeting. The review covered progress on the country's economic diversification path, according to a statement.

The Cabinet's discussion comes as Saudi Arabia pushes forward with Vision 2030, a plan to reduce reliance on oil and develop sectors such as tourism and renewable energy. The government has allocated billions of dollars to infrastructure projects and is working to attract foreign investment.

For investors, the review shows the government remains committed to the reform agenda. Sectors tied to the plan, including construction and hospitality, stay in focus. The Public Investment Fund, the sovereign wealth fund, is a key driver of many projects.

No specific policy changes or new initiatives were announced during the session. The next major milestone for the Vision 2030 program is the annual budget announcement, typically in December.