The Custodian of the Two Holy Mosques King Fahd Bin Abdul Aziz, presiding last night over the regular weekly meeting of the Council of Ministers, reaffirmed the Kingdom’s adherence to a lasting, comprehensive and just peace in the Middle East on all tracks, in line with the UN resolutions, the stand of the Madrid Conference, and the principle of land for peace.
Highlighting the outcome of last Wednesday’s Summit of the Peacemakers in Sharm El-Sheikh, Egypt, he praised the efforts of U.S. President Bill Clinton and his Egyptian counterpart Hosni Mubarak, together with those of the other participants, to enhance the process of peace in the region and confront all kinds of terrorism and violence irrespective of their source or pretext. King Fahd reiterated the Kingdom’s belief in the importance of accelerating the peace process and removing all obstacles to it, especially in the Syrian and Lebanese tracks.
Information Minister Dr. Fouad Al-Farsi reported that at the domestic level, the King praised certain ministers for making field tours through a number of provinces of the Kingdom, saying that such activities facilitate better acquaintance with the expectations and wishes of the citizens with a view to realizing comprehensive and balanced development in the country. In addition, the King underlined the importance of the water rationalization policy, since water constitutes a national resource which should be preserved. The Kingdom has in fact exerted great effort and spent vast sums of money on implementation of water desalination projects.
King Fahd expressed satisfaction at the agreement signed last Thursday by Saudi Aramco with the Greek industrial group Vardinoyannis to set up a joint project in the field of oil refining and marketing. This agreement embodies the general strategy for vertical integration of oil industries in the Kingdom.
Referring to the Kingdom’s participation in the International Exhibition in Cairo, the King reiterated the importance of enhancing commercial and economic relations between Saudi Arabia and Egypt, and called for the establishment of more joint projects.
Dr. Al-Farsi reported that the cabinet gave approval for the President for Youth Welfare, or whomsoever he delegates, to be deputized to discuss the cultural cooperation agreement between Saudi Arabia and Tunisia.