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Council of Ministers approves 15 decisions

Council of Ministers approves 15 decisions

The Crown Prince, Prince Mohammed bin Salman, chaired the Council of Ministers, which issued 15 decisions, including extending the correction period for undocumented real estate transactions by one year, developing residential lands in exchange for ownership percentages, and approving cross-border financial activities for licensed financial institutions. The council also signed cooperation agreements with countries such as Ecuador, Kazakhstan, Spain, and Somalia in the fields of investment, aviation, and space transportation. Additionally, the council was briefed on the Kingdom's efforts to calm regional tensions, including communications with regional leaders and joining a regional naval coalition to ensure maritime security. The council also discussed efforts to support the Palestinian cause, improve services for pilgrims, and reviewed the Kingdom’s economic report and the accomplishments of the Guest of God Service Program. On the international front, the council praised the International Monetary Fund’s report on the resilience of the Saudi economy, reaffirming stability and success in achieving the goals of Vision 2030.

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