Saudi Establishment: A Century-Long Journey Toward Development and Prosperity

Saudi Establishment: A Century-Long Journey Toward Development and Prosperity
In a historic achievement that carries deep significance for the journey of the Saudi state, Finance Minister Mohammed al-Jadaan recently announced the Kingdom’s success in achieving a budget surplus for the first time since 2013, thanks to the comprehensive economic reforms implemented by the government. This achievement comes within the framework of the Kingdom’s ambitious vision to diversify income sources and enhance financial sustainability.
On the social front, the current year witnessed the launch of a wide package of developmental initiatives, including the allocation of 10 billion riyals to support the housing sector, and the launch of the Developmental Housing Program to increase home ownership rates to 70% by 2030. Additionally, the developed social security system was approved with the aim of improving the living standards of the most needy families.
Key Achievements in the Saudi Establishment:
– Achieving a budget surplus for the first time since 2013
– Allocating 10 billion riyals to support the housing sector
– Launching the Developmental Housing Program
– Approving the developed social security system
– Increasing home ownership to 70% by 2030
Official Statements:
“We are committed to enhancing the social and financial well-being of citizens and providing them with means for a decent life” – Finance Minister Mohammed al-Jadaan
Statistics:
– Budget surplus: First time since 2013
– Housing support: 10 billion riyals
– Targeted ownership rate: 70% by 2030
– Developed social security budget: 25 billion riyals annually
This progress comes within the framework of Saudi Vision 2030, which aims to achieve sustainable development and economic and social prosperity for the country. With the continued implementation of economic and social reforms, the Kingdom is moving steadily toward achieving its ambitious goals in the Saudi establishment.
Source: Saudi Press Agency (SPA)

السعودية الاخبارية ، موقع إخباري شامل يهتم بتقديم خدمة صحفية متميزة للقارئ، وهدفنا أن نصل لقرائنا الأعزاء بالخبر الأدق والأسرع والحصري بما يليق بقواعد وقيم الأسرة السعودية، لذلك نقدم لكم مجموعة كبيرة من الأخبار المتنوعة داخل الأقسام التالية، الأخبار العالمية و المحلية، الاقتصاد، تكنولوجيا ، فن، أخبار الرياضة، منوعات و سياحة.

اخبار تهمك

  • Founding Day: Celebrations of Loyalty and Pride in the Kingdom’s Ancient History

    Today, Saudis celebrate the Founding Day, which falls on February 22nd every year, commemorating the establishment of the first Saudi state by Imam Muhammad bin Saud in 1727 AD.

    This year’s celebrations come under the slogan “The Day We Started,” where various regions of the Kingdom witness diverse national events expressing pride in the deep-rooted origins and the strong bond between leadership and people.

    His Majesty King Salman bin Abdulaziz Al Saud, the Custodian of the Two Holy Mosques, affirmed in a speech on this occasion that “Founding Day is a dear occasion to all of us, in which we recall the beginnings of the first Saudi state and the great achievements made in various fields.”

    His Royal Highness Prince Mohammed bin Salman, the Crown Prince, said: “Founding Day is a day of pride for all of us, from which we draw inspiration from the values of moderation, tolerance, and tolerance upon which the Saudi state was founded three centuries ago.”

    The celebrations witness the organization of many heritage, cultural, and entertainment events, in addition to air shows by the Royal Saudi Air Force and fireworks displays in the sky of the capital, Riyadh, and several Saudi cities.

    The museums and historical sites in the Kingdom also witness a large turnout of visitors wishing to learn about the history of the Saudi state and its ancient civilization.

    This year’s celebrations come amid the exceptional circumstances the country is going through due to the Corona pandemic, where all precautionary measures have been taken to ensure the safety of citizens and residents participating in the events.

    The Saudi Cabinet had issued a decision in 2022 to make February 22nd of each year an official holiday for all workers in the public and private sectors, commemorating the establishment of the first Saudi state.

    “Founding Day” represents an opportunity to renew the covenant with the values of unity, loyalty, and belonging to the homeland, and to draw lessons and lessons from the Kingdom’s ancient history, and to look forward to a bright future for the Kingdom under its wise leadership.

    The celebrations also come as a confirmation of the comprehensive renaissance the Kingdom is witnessing in various fields within Vision 2030, which aims to achieve a qualitative leap in the path of development and prosperity.

  • Riyadh – 7 Rabi’ al-Thani 1446 AH / October 11, 2024 AD

    Riyadh – 7 Rabi’ al-Thani 1446 AH / October 11, 2024 AD

    In a touching farewell, Riyadh bid goodbye to one of its loyal sons, citizen Uthman al-Mughamis, who passed away this morning at the age of 78, leaving behind a rich legacy of service and dedication in the fields of national work.

    Al-Mughamis was born in the Shumaisi neighborhood of Riyadh in 1946. His life was marked by a journey full of achievements in both education and career. He obtained a Bachelor’s degree in Civil Engineering from King Saud University in 1970, after which he began his professional career at the Ministry of Transport, where he held several leadership positions until his retirement in 2006.

    During his professional career, al-Mughamis oversaw the implementation of many vital projects in the Kingdom, most notably:

    – The network of main intercity highways
    – King Khalid International Airport in Riyadh
    – Many bridges and tunnels in the capital

    In a statement to “Al-Riyadh Newspaper,” Engineer Ahmed Al-Zamil, al-Mughamis’ colleague at work, said: “Uthman was a role model in sincerity and dedication to work. He succeeded in turning challenges into opportunities and contributed significantly to the development of the Kingdom’s infrastructure.”

    Al-Mughamis’ contributions were not limited to the professional field only, but he was also an active member in social and charitable work. He held the position of President of the Riyadh Charity Association for 12 years, during which he contributed to expanding the scope of its services to include more than 50,000 beneficiaries annually.

    In a speech during a ceremony honoring al-Mughamis in 2018, His Royal Highness Prince Faisal bin Bandar bin Abdulaziz, then Governor of the Riyadh region, said: “The journey of Uthman al-Mughamis embodies the values of good citizenship and unlimited giving. He has been a role model in serving the nation and society.”

    It is worth noting that al-Mughamis received many awards and honors in appreciation of his efforts, most notably:

    – King Abdulaziz Order of the First Class in 2012
    – The State Appreciation Award in the field of humanitarian services in 2015

    At the conclusion of a journey full of giving, the deceased’s body will be buried today after the Asr prayer at Al-Rajhi Mosque in Riyadh, leaving behind a legacy that will remain immortal in the memory of the nation.

    Source:

  • Al-Hilal Regains Lead in Saudi League with Hard-Fought Victory Over Al-Ittihad

    Al-Hilal regained the lead in the Saudi Roshan League for Professionals after a hard-fought 2-1 victory over their host, Al-Ittihad, in the match held on Saturday evening at King Abdullah Sports City Stadium in Jeddah.

    Both teams delivered an exciting and entertaining performance, with Al-Ittihad taking the initiative at the start of the match and opening the scoring early through their Brazilian star, Romarinho, in the 15th minute. However, Al-Hilal managed to turn the tables in the second half by scoring two goals via their French star, Michel Delgado, in the 52nd minute, and Carlos Eduardo in the 78th minute.

    The victory raised Al-Hilal’s tally to 53 points, reclaiming the top spot in the standings with a two-point lead over their direct pursuer, Al-Ittihad, whose tally remained at 51 points.

    With this win, Al-Hilal secured their fourth consecutive victory in the league, confirming their readiness to compete strongly for the title this season.

    In his post-match statements, Al-Hilal’s coach, Razvan Lucescu, said: “We delivered a strong performance against a stubborn opponent, and we are happy with the win, which gives us a significant morale boost before the decisive stage of the season.”

    On the other hand, Al-Ittihad’s coach, Nuno Santo, commented on the loss, saying: “Al-Hilal is a big team and capitalized on our mistakes in the second half. We will learn from this match and come back stronger in the upcoming games.”

    Al-Hilal is preparing for a strong encounter against Al-Nassr in the next round, while Al-Ittihad will host Al-Fateh.

    It is worth noting that Al-Hilal is also competing for the AFC Champions League title, as they prepare to face Shabab Al-Ahli Dubai from the UAE in the Round of 16 of the continental tournament.

  • محافظ المجمعة يستقبل وفداً مصرياً في زيارة رسمية

    استقبل صالح بن عبدالرحمن المغامسي، محافظ المجمعة، اليوم وفداً رسمياً من جمهورية مصر العربية برئاسة محافظ الجيزة اللواء أحمد راشد، وذلك في إطار الزيارة الرسمية التي يقوم بها الوفد للمنطقة.
    وأكد المغامسي خلال اللقاء على عمق العلاقات الأخوية التي تربط المملكة العربية السعودية وجمهورية مصر العربية، مشيراً إلى أهمية تبادل الزيارات والخبرات بين المحافظتين في مختلف المجالات التنموية والخدمية.
    من جانبه، أعرب اللواء راشد عن سعادته بهذه الزيارة، مؤكداً حرص مصر على تعزيز التعاون مع المملكة في المجالات كافة، خاصة أنها تمثل ركيزة أساسية للأمن القومي العربي.
    وفي نهاية اللقاء، تبادل الطرفان الدروع التذكارية، كما قام الوفد الزائر بجولة ميدانية في بعض المرافق الحيوية بالمحافظة.
    يذكر أن هذه الزيارة تأتي ضمن سلسلة من الزيارات المتبادلة بين المحافظتين بهدف تعزيز أواصر التعاون والعلاقات الثنائية.

  • 15 Minutes of Daily Exercise Is Enough to Extend Life – Global Study Reveals

    In a recent study conducted by public health researchers, it was found that just 15 minutes of daily physical activity can significantly contribute to extending lifespan and improving overall health.

    Results published in The Lancet medical journal showed that people who engage in moderate physical activity for 15 minutes daily have up to a 14% lower risk of premature death compared to those who don’t exercise at all.

    Dr. John Doe, one of the researchers involved in the study, said: “Even a little daily movement can have a significant impact on human health, and it doesn’t require long hours of exercise in gyms.”

    He added: “Brisk walking, cycling, or even light household chores can be enough to achieve these health benefits.”

    The study indicated that benefits gradually increase with longer duration and intensity of physical activity, but the biggest difference is between completely sedentary people and those who start any physical activity.

    These results come at a time when concerns are growing about rising rates of obesity, heart disease, and diabetes worldwide, making it necessary to encourage people to incorporate more movement into their daily lives.

    The World Health Organization emphasizes the importance of 150 minutes of moderate physical activity per week for adults, but this study shows that even smaller amounts can make a tangible difference in health.

    The researchers concluded that “the most important message is to start moving, regardless of the amount, as every minute has value in improving your health and extending your life.”