Saudi Arabia launches program to attract regional Headquarters of International Companies
The Council also decided to launch a program titled “The Saudi Programto Attract Regional Headquarters of International Companies”
Riyadh, The Gulf Observer: The weekly session of the Council of Ministers, chaired by Crown Prince and Prime Minister Mohammed bin Salman on Tuesday, approved the regulations for halting services of abandoned or damaged vehicles. The Cabinet extended the corrective period, granted to owners of such vehicles, for another year to drop the vehicles from their personal records.
The Council also decided to launch a program titled “The Saudi Programto Attract Regional Headquarters of International Companies” under the supervision of the Board of Directors of the Royal Commission for Riyadh City.
The Council considered the Flag Day, which falls on March 11, as the occasion to consolidate the value of the national flag that extends throughout the history of the Saudi state since its founding in the year 1139 AH, corresponding to 1727 AD, and what it represents of great importance as a symbol of cohesion and national unity.
The Cabinet affirmed that the inauguration of the headquarters of the Regional Center for Climate Change in the Kingdom comes in the context of its regional and international efforts to preserve the environment and concern for climate affairs in a way that contributes to building the necessary knowledge base to enhance adaptation to climate change, reduce its effects, and achieve sustainability.
The Council hailed the announcement of the first wave of projects supported by the Private Sector Partnership Reinforcement Program (Shareek) with a value exceeding SR192 billion, saying that this is a significant step in the program’s march towards achieving its goals in terms of developing private sector investments, enhancing local content and increasing the Kingdom’s gross domestic product (GDP).
