Saudi Shoura Council approves economic cities and special zones authority

Yahya bin Abdullah Al-Samaan, assistant speaker of the Saudi Shoura Council, addresses the 33rd ordinary session in Riyadh on Wednesday. (SPA)

(RAHNUMA) The Saudi Shoura Council has given the go-ahead for a project to reorganize the system of cooperative societies in the Kingdom.

During a virtual session headed by the council’s president, Dr. Abdullah Al-Asheikh, delegates also listened to a presentation by the culture, information, tourism, and antiques committee chairman, Dr. Mohammed Al-Hizan, on the annual report of the authority responsible for radio and television.

Members then voted to accept the committee’s recommendation to progress with the process of privatizing the authority.

Dr. Yahya Al-Samaan said the council also gave the green light for the Economic Cities and Special Zones Authority to develop a system of regulatory and financial legislation while putting forward more incentives and initiatives to enhance the competitiveness of cities and special economic areas to attract quality industries and global investors.

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