Reviewing a report on the ongoing deliberations in New York at the 54th session of the
General Assembly of the United Nations, King Fahd expressed the Kingdom's wish that the
current session would realize its objectives, especially in terms of reinforcing security,
peace and stability in the world. He endorsed the Kingdom's statement presented to the UN
by Assistant Foreign Minister Dr. Nizar Obaid Madani, that cooperation among nations is
needed in order to solve current problems with credibility and objectivity, in the interest
of all mankind, and that the extent of success in this could be an index to the future of
the international organization, and consequently of the entire world.
The cabinet then approved an agreement of cooperation between the Kingdom of Saudi Arabia
and the Arab Republic of Egypt in the field of youth and sports; endorsed a draft
resolution allowing the sale of state-owned lands previously allocated for certain
government projects that are no longer viable, provided that such sales take place
according to certain regulations; and authorized educational authorities, after
coordinating with the Ministry of Finance and National Economy, to lease portions of their
property or school buildings located on main streets for shops or advertising signs, the
revenues from which could be appropriated for maintenance purposes.