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King's Full Speech Addressed to Works of Third Year of Fifth Term of Majlis Al-Shura 4 Riyadh

God willing- to the ranks of advanced countries in the field of service and communications sectors. Therefore, attention has been paid to the construction and re-modernization of the infrastructure of the country through the communications network, transport, airports, ports, roads, that they be in accordance with the objectives of development plans, and fit into the latest standards of engineering and construction, enhancing opportunities for national and foreign investments to participate effectively and productively in the overall growth we are experiencing now.
We also are continuing -with God's help and guidance- in the development of different sectors of the State at the judiciary and justice levels, and the introduction of modern technology, and application of electronic transactions for all state institutions to improve performance and keep pace with developments in the world in the field of management, especially with regard to programs of information technology.
Dear Brothers:
Although the world is suffering from the ramifications of the economic crisis, the balanced financial and economic policies applied by the State, and the facilitation of the adopted business regulations and mechanisms in the financial and investment transactions have saved us the negative effects of this international crisis, even strengthened the position of the Kingdom among the countries which attracted global investments, prepared it to become a fertile and safe oasis for foreign private capital.
Therefore, we are determined to spend on huge and large-scale projects at the economic level in order to distance the Kingdom from any impact of the slowing global economy.
We will continue -with God's help- in the development of existing systems and will develop appropriate legislation to enable the growth of national economy, diversification and expansion, in addition to providing opportunities for citizens and local and foreign investors to be partners in the development and well-being.
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