1995 News Story

Council of Ministers meeting

At the regular weekly meeting of the Council of Ministers this afternoon, Custodian of the Two Holy Mosques King Fahd Bin Abdul Aziz Al-Saud denounced the explosion which occurred in Riyadh earlier in the day, calling it “a criminal and an alien act which conforms neither with the social and religious values nor with the traditions of the Saudi people”.

Minister of the Interior HRH Prince Naif Bin Abdul Aziz Al-Saud informed the cabinet of the details of the explosion, concerning which an official source at the Ministry had earlier issued a statement.   During the meeting, King Fahd called on all security agencies to continue their commitment to preserving the security of the country and the citizens, and urged them to take all necessary measures to find the culprit or culprits who masterminded this criminal act.

Minister of Information Dr. Fouad Al-Farsi reported that King Fahd also reviewed the current economic situation of the Kingdom and reiterated the keenness of the government to continue efforts to reinforce the stability of the domestic economy and bring about an environment conducive to the realization of constant economic growth.   King Fahd remarked that financial deficits have become a common phenomenon, affecting many countries.   He referred to efforts underway to slash expenditure, and expressed satisfaction at the success of ambitious measures for increasing non-oil revenues in keeping the Saudi economy on a track of progress, citing the reduction of the financial deficit during the first half of this year to only two percent of the Gross Domestic Product (GDP) as compared with nine percent in 1994.   He also remarked that the Kingdom of Saudi Arabia has managed to overcome financial difficulties, exaggerated by the international press, and is now enjoying a much better economic situation, thanks to the economic measures that have been pursued by the government.

Dr. Al-Farsi reported that the King also discussed a number of economic and technological issues pertaining to the best way of investing recent discoveries of petroleum, metals and metallic minerals.   The King then referred to the importance of the various engineering conferences being organized by Saudi Aramco in

cooperation with the Saudi universities.

King Fahd went on to highlight the election of the Kingdom as a member of the executive council of the Paris-based UNESCO.  The King also praised the positive outcome of the recent fourteenth session of the GCC Ministers of the Interior which concluded in Manama on Sunday, saying:  “The Kingdom is ready, at all levels, to cooperate with the GCC states on security”.

Referring to Arab, Islamic and international issues reviewed by the cabinet, Dr. Al-Farsi said that King Fahd expressed deep regret at the events in Afghanistan, appealing once more to the warring factions to place the national interest of the Afghan people above all other considerations, to stop shedding blood and to try to resolve the crisis through amicable and peaceful negotiations.

Dr. Al-Farsi reported that a number of resolutions concerning domestic matters were passed by the cabinet.