Japan embassy hosts Saudi alumni for iftar

Japan embassy hosts Saudi alumni for iftar
Japan embassy hosts Saudi alumni for iftar

Thank you for reading the news about Japan embassy hosts Saudi alumni for iftar and now with the details

Jeddah - Yasmine El Tohamy - RIYADH: Saudi ministers hailed the country’s economic progress after last week’s announcement that non-oil activity made up half of the Kingdom’s gross domestic product in 2023.

Meeting for a cabinet session on Tuesday chaired by King Salman in Jeddah, the government said the landmark achievement was in line with the Kingdom’s Vision 2030 objectives to achieve a prosperous economy by diversifying growth sources.

The Ministry of Economy and Planning said on Thursday that non-oil activity contributed to 50 percent to the GDP, the highest level ever.

There was an unprecedented performance in non-governmental investments over the past two years, with a growth rate of 57 percent, bringing their value in 2023 to a historically high level of $255 billion.

Arts and entertainment led the growth in non-oil activity, more than doubling in value in 2021-2022. Other activities such as accommodation, food, transport and storage services recorded strong growth rates of 77 percent and 29 percent respectively.

Separately, the Cabinet commended the UN General Assembly adoption of a resolution on measures to combat Islamophobia, and the appointment of a UN special envoy concerned with combating it.

The ministers reiterated the Kingdom’s support for international efforts aimed at combating extremist ideas, and its keenness to encourage and adopt the values of peace and dialogue, and to promote a culture of coexistence among peoples.

Ministers also welcomed the outcomes of the international conference organized by the Muslim World League in Makkah under the title “Building Bridges Between Islamic Sects.”

On local affairs, ministers praised the great participation in the fourth Saudi annual national campaign for charitable activities that was launched last Friday, which raised over a billion riyals on it’s opening night. King Salman and Crown Prince Mohammed bin Salman contributed SR40 and SR30 respectively.

Ministers signed off on a new regional office for the International Monetary Fund to be established in Riyadh.

The ministers also approved designating the 27th of March each year as an official day for the Saudi Green Initiative.

These were the details of the news Japan embassy hosts Saudi alumni for iftar for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Kingdom’s deputy minister for political affairs discusses developments in the Middle East with Japan’s peace envoy

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]