Le Lézard
Classified in: Business
Subject: FOR

The Kingdom of Saudi Arabia Combats Corruption for Public Good


WASHINGTON, Nov. 5, 2017 /PRNewswire-USNewswire/ -- The Minister of Culture and Information, Dr. Awad bin Saleh Al-Awad stated that the royal decree to fight corruption is part of the Kingdom of Saudi Arabia's overall efforts to promote integrity and advance reform initiatives, under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud. 

The Minister added that Saudi Arabia's leadership is unwavering in its efforts to protect public funds in order to sustain public welfare and healthy economic policies.  To this end, all anti-corruption steps taken are for the reinforcement of transparency, accountability, and strong governance, as well as, to ensure a fair business and investment environment.  

In his statement, the Minister further stated that these steps will have a significantly positive impact on the people of the Kingdom of Saudi Arabia because it will encourage the return of any potentially illegally obtained millions of dollars and meters of land, which may have been misappropriated to benefit certain individuals.  The goal is to recover any misallocated assets in order to direct them toward the public good, specifically to help address challenges in the housing market. This action will also serve as a strong deterrence for those who may aim to steal public money.

SOURCE Royal Embassy of Saudi Arabia, Information Office


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