Published on: 16 September، 2026
The Saudi Cabinet approved the<a href="https://bitcomme.com/dangote-takes-up-new-entrepreneurship-role-encourages/” title=”Dangote takes up new entrepreneurship role, encourages”>Entrepreneurshipand Small and Medium-Sized Enterprises Strategy, in a move aimed at supporting the sector as part of the national economy. The decision was made during the Cabinet’s meeting held today in Jeddah, chaired by Crown Prince and Prime Minister Mohammed bin Salman.
The Cabinet’s decisions also included approving the Ministry of Investment’s membership in the Anti-Money Laundering Committee, as well as authorizing the Minister of Investment, or his designee, to discuss with the Irish side a draft memorandum of understanding on cooperation in promoting foreign direct investment and to sign it.
The Cabinet also approved a number of memoranda of understanding and agreements covering economic, financial, and industrial fields, including a memorandum of understanding between Saudi Arabia’s Ministry of Industry and Mineral Resources and Kazakhstan’s Ministry of Industry and Construction on cooperation in the mineral resources sector.
The Cabinet authorized the Chairman of the Insurance Authority’s Board of Directors, or his designee, to discuss with the Kuwaiti side a draft memorandum of understanding between the Authority and Kuwait’s Insurance Regulatory Unit on cooperation and the exchange of information in the insurance and reinsurance sectors, and to sign it.
On the international front, the Cabinet reviewed the Kingdom’s participation, as an invited country, in the 18th BRICS Summit of leaders, held in New Delhi, India. The participation underscored Saudi Arabia’s interest in strengthening engagement with countries around the world across areas of mutual cooperation that support development, stability, and prosperity.
The meeting also addressed Saudi Arabia’s reaffirmation, during the 70th General Conference of the International Atomic Energy Agency, of its approach to diversifying and enhancing the sustainability of its national energy mix, including the addition of nuclear energy within a regulatory framework consistent with its international commitments.
The Cabinet approved the final account of King Abdulaziz University for a previous fiscal year and also approved a headquarters agreement between the Government of Saudi Arabia and the Institute of Internal Auditors.
