The Saudi Cabinet, in a session chaired by King Salman bin Abdulaziz today in Jeddah, commended the Public Investment Fund’s (PIF) financial performance and ongoing progress toward its targets, as demonstrated by revenue and net profit growth in 2025.
This reflects PIF’s ongoing drive to spur economic diversification in the Kingdom, expand domestic and international investments, and bolster key strategic sectors, including artificial intelligence, technology, energy, infrastructure, and advanced manufacturing, SPA reported.
The Cabinet praised government agencies’ tangible progress in the 2026 Digital Experience Maturity Index, reflecting ongoing commitment to developing operations, innovating flexible and effective technological solutions, and delivering top-tier procedures and services to citizens, residents, and visitors, in line with the Kingdom’s leadership and competitiveness in international rankings and indicators.
The Cabinet also approved other items on its agenda and issued several decisions, including the following:
– A memorandum of understanding (MoU) on cooperation in public-private partnerships between Saudi Arabia and Kuwait.
– The regulations governing the National Curriculum Center.
– Appointment of Abdulaziz bin Saleh Al-Rabdi, Ahmed bin Abdulqader bin Jazzar, Talal bin Ahmed Al-Khuraiji, Abdulmalik bin Ibrahim Al Al-Sheikh, and Mohammed bin Omran Al-Omran as private-sector representatives and members of the board of directors of Saudi Arabian Airlines Corporation (Saudia).
The Saudi Cabinet, in a session chaired by King Salman bin Abdulaziz today in Jeddah, commended the Public Investment Fund’s (PIF) financial performance and ongoing progress toward its targets, as demonstrated by revenue and net profit growth in 2025.
This reflects PIF’s ongoing drive to spur economic diversification in the Kingdom, expand domestic and international investments, and bolster key strategic sectors, including artificial intelligence, technology, energy, infrastructure, and advanced manufacturing, SPA reported.
The Cabinet praised government agencies’ tangible progress in the 2026 Digital Experience Maturity Index, reflecting ongoing commitment to developing operations, innovating flexible and effective technological solutions, and delivering top-tier procedures and services to citizens, residents, and visitors, in line with the Kingdom’s leadership and competitiveness in international rankings and indicators.
The Cabinet also approved other items on its agenda and issued several decisions, including the following:
– A memorandum of understanding (MoU) on cooperation in public-private partnerships between Saudi Arabia and Kuwait.
– The regulations governing the National Curriculum Center.
– Appointment of Abdulaziz bin Saleh Al-Rabdi, Ahmed bin Abdulqader bin Jazzar, Talal bin Ahmed Al-Khuraiji, Abdulmalik bin Ibrahim Al Al-Sheikh, and Mohammed bin Omran Al-Omran as private-sector representatives and members of the board of directors of Saudi Arabian Airlines Corporation (Saudia).
