Saudi FM: Kingdom attaches great importance to development issues

Saudi FM: Kingdom attaches great importance to development issues

RIYADH: Saudi Arabia’s Minister of Foreign Affairs Prince Faisal bin Farhan on Saturday stressed the Kingdom’s belief in working with a joint, integrative approach to achieve development, prosperity and stability.

Delivering the Kingdom’s speech on behalf of King Salman at the G77 + China Summit in the Cuban capital, Havana, Prince Faisal conveyed greetings from the Saudi leadership and their wishes for the success of the annual meeting.

He said that his country paid great attention to development issues, and through the Saudi Fund for Development, had contributed to financing more than 700 development projects in more than 85 countries, with a total exceeding $18 billion and targeting sectors such as social infrastructure, transportation and agriculture.

The humanitarian aid provided by the King Salman Humanitarian Aid and Relief Center since its establishment in 2015 had exceeded $6 billion and helped 91 countries, Bin Farhan said.

The Saudi minister stressed the importance of investing in clean energy technology, which would facilitate a fair and comprehensive transition to clean energy, as the Kingdom operated within the framework of a circular carbon economy that contributed to reducing carbon emissions.

Prince Faisal said that strengthening international cooperation was an essential factor for achieving global climate goals, especially in innovation,