Saudi Cabinet Acts on Riyadh Land Prices and Rent Spike

The Saudi government held a meeting in Jeddah. Crown Prince and Prime Minister Mohammed bin Salman was in charge. The meeting talked about many things, but the most important was the high price of land and rent in Riyadh. The government said it wants to fix this and make homes and land more fair and easy to get for people.

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The Minister of Media, Salman Al-Dossary, said the leaders also talked about how the country is working hard to grow in money, learning, and culture. These plans are made to help the country get better and to make life good for people.

The government said that finding new oil and gas in the Eastern Province and the Empty Quarter is good news. It will help the country make more money and give energy to its people and to other countries in the future. Saudi Arabia is doing well in world reports too, which shows that the country is helping all its parts grow and do better.

The leaders were happy because Saudi students and workers won prizes at a big show in Geneva, where smart ideas are shown. The leaders said this shows that Saudi Arabia is becoming a place where new ideas can grow. They also said that a big meeting in Riyadh helped make friends with other countries and shared more than 100 ideas and agreements to help with jobs and skills for people.

The leaders talked about other countries too. They said Saudi Arabia is working to help peace and stop fighting in the world. They want a stop to the fighting in Gaza and want food and help to reach the people fast. They also talked about a big peace meeting for Palestine that Saudi Arabia and France will lead together.

The government said they will make a new place where people can tell about money crimes. They also agreed to work with Morocco to catch bad people and move prisoners between countries.

The leaders also made new friendship deals with many other countries. With Malaysia, they agreed to let important people visit without needing a visa for a short time. With Jordan, they made a plan to protect nature. With Iran and Korea, they want to work together in health and learning.

They made tax deals with Bahrain, Kuwait, and Croatia to stop people from paying tax twice. They also made a tech deal with Greece and joined a world group that helps with phone and internet during big problems like storms.

They will also work with Djibouti to help people with disabilities. They made trade and safety deals with China and Kenya. Saudi Arabia will share news with Algeria, and a bank from Indonesia will open in Saudi Arabia.

The government said it will keep paying visa fees for workers who help during the 2025 Hajj.

This meeting showed that the Saudi government is trying to fix home and land prices, help its people live better, and make good friends with other countries.