The Council of Ministers, chaired by King Salman bin Abdulaziz Al Saud today, stated that July’s 1.5% inflation rate confirms the strength of the Kingdom’s economy and the effectiveness of its measures against rising global prices.
According to the Saudi Press Agency, the Council of Ministers has approved an additional one-year extension for the advisory period of the unified law (system) for organic inputs and products in the Gulf Cooperation Council countries.
The Cabinet noted that starting the development program for Riyadh’s circular and main roadways is a major enhancement to transportation services and traffic flow. This initiative is designed to support population growth, urban development, and economic activities, boosting Riyadh‘s status among global capitals.
The improved infrastructure will also help reduce traffic congestion and travel time for residents. Additionally, the program aims to integrate advanced technologies for smarter traffic management and sustainability.
This development aligns with Riyadh’s vision of becoming a leading global city with modern, efficient, and sustainable urban systems.
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