Shura Council assesses development funds and approves four MOUs
During its session, the Saudi Shura Council discussed numerous reports and economic and developmental files. The Saudi Export-Import Bank was called upon to complete the credit request systems and credit insurance to support export capacities, improve service efficiency, and reduce the impact of global supply chain fluctuations. Additionally, regulations and developments were approved for cultural, real estate, agricultural development, and industrial funds, aiming to enhance their performance and develop metrics for assessing the developmental and economic impact of funded projects, with a focus on resource sustainability and achieving development goals. In terms of international cooperation, the council approved memoranda of understanding with Russian, Kenyan, Turkish, and Syrian entities to enhance collaboration in food, transportation, housing, and customs sectors, with the goal of supporting economic growth and regional integration.
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