King Salman: Saudi Arabia is working with OPEC and its allies to strengthen the stability of the oil market

The keeper of the two holy mosques, King Salman bin Abdulaziz Al Saud, said today Wednesday that the Kingdom of Saudi Arabia is excited about the recovery of the global economy, which is reflected in the pioneering efforts it has made. in collaboration with its alliance partner OPEC Plus, and within the Group of Twenty, to address the severe effects resulting from the Corona pandemic, in order to improve the stability, balance and supply of global oil markets, in so as to preserve the interests of producers and consumers.

He added, during a speech given in video call, ahead of the 76th session of the United Nations General Assembly in New York today, that Saudi Arabia played a vital role in leading the global response to the Corona pandemic through its presidency of the Group of Twenty last year and the Kingdom have supported global efforts to address this pandemic with an amount of $ 500 million, as well as providing $ 300 million to help countries’ efforts to tackle the pandemic.

He continued: “Despite economic hardships, the Kingdom of Saudi Arabia continues to be committed to its major humanitarian and development role in helping the countries most in need and those affected by natural disasters and humanitarian crises. It is the largest donor of funds. humanitarian aid and development aid at the Arab and Islamic levels in 2021 and one of the three largest donor countries internationally.

He explained that the Kingdom is aware “of the importance of concerted efforts to address the common challenge posed by climate change and its negative effects. From this point of view, the Kingdom has presented qualitative initiatives of interest to the region and the world, more in in particular the green Saudi initiatives, the green Middle East and the circular carbon economy, which would make an effective and influential contribution. “achievement of international goals in this field.

He continued: “The essence of the Kingdom’s Vision 2030 is to achieve prosperity and create a better future, in so that our economy is a pioneer and our society interacts with the whole world, and we have made great strides, during the five years since the launch of this ambitious vision, in supporting local industries and in the development of infrastructures, communication technologies , energy solutions, investments in different sectors, as well as empowering women and young people and improving the quality of life for all.

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