JEDDAH — Custodian of the Two Holy Mosques King Salman announced that Saudi Arabia is striving, within its energy strategy, to support the global oil market's stability and balance. The King stated that Saudi Arabia embarked now on the 2nd phase of its Vision 2030, saying that the focus of this phase would be further facilitating the business environment, empowering citizens, and enhancing private sector engagement. The King said this while inaugurating the 3rd year activities of the 8th session of the Shoura Council on Sunday evening. The King outlined the salient features of the government's foreign and domestic policies in his virtual address to the session. Crown Prince and Prime Minister Mohammed bin Salman attended the session virtually. The Council session was held under the chairmanship of its President Sheikh Abdullah Al-Sheikh. Referring to the Kingdom's economic boom, King Salman said that the country is witnessing a comprehensive and sustainable development march. "The Kingdom is moving at an accelerated pace in countering environmental challenges, notably climate change, targeting carbon neutrality. Saudi Arabia was able to reduce the effects of inflation by registering the lowest global inflation rates, thanks to its monetary, financial, and economic policies," he said. Highlighting the Kingdom's position as the leading nation in the Arab and Islamic world, the King said that Saudi Arabia, ever since its foundation, has been keen on shouldering its duties in the service of the Two Holy Mosques, as well as Islam and Muslims. "Saudi Arabia was and still is a mediator of peace and a beacon of humaneness for the entire world," he said. Emphasizing the Kingdom's foreign policy based on promoting world peace and ending conflicts, the King stressed the need to activate dialogue and negotiation to resolve conflicts in the world. He also reiterated the Kingdom's firm resolve to support all efforts to find a peaceful solution to the Russian-Ukrainian crisis. The King hoped that the UN-brokered truce in Yemen would lead to a political solution and an end to the crisis. King Salman urged Iran to urgently fulfill nuclear obligations, and cooperate fully with International Atomic Energy Agency. He asked Iran to take serious steps to build confidence with its neighbors and the international community. "Finding a just and comprehensive solution to the Palestinian issue is a must for the Mideast's security and stability," he said. The King also thanked all government and public sector officials and employees for their dedication to achieving the goals of Vision 2030 in a way accomplishing the nation's progress and taking it to the highest ranks globally.
