Prince Mohammed bin Salman bin Abdulaziz, the Member of the Cabinet and Chairman of the Economic and Development Affairs Council, presided over a meeting of the council held at the Royal Court here today. During the meeting, the council reviewed a number of economic and development related issues, including a presentation made by the minister of Hajj, on the ministry's envisioning of serving pilgrims, Umrah's performers and visitors (of the Prophet Mosque), in addition to its orientation towards expanding use of technology, incepting hospitality industry of high standards and creating promising investment opportunities, in collaboration with the private sector. The council made a number of related necessary recommendations, based on the presentation. It has been, also, informed of Moodyâ€TMs, the world leading rating agency, of upholding the Kingdom sovereign rating at a high credit rating of AA3 and maintaining its future outlook as (Stable), a fact that reflects the solidness of the Saudi economy and its capability to confront cyclical vitalities, God grace, then due to the Kingdom's adopted fiscal as well as monetary policies, under the instructions of the Custodian of the Two Holy Mosques, despite economic pressures resulted of oil prices' slump.
