The House of Representatives voted in its session held today, headed by the Speaker of the House, Yahya Al-Ra’i, on the draft law for the year 1446 AH regarding the temporary exceptional mechanism to support the state employees’ salary bill and solve the problem of small depositors, in light of the report of the special committee tasked with studying it.
After discussing it article by article and absorbing the observations emphasized by the members of the House during the discussion, the House approved the draft law in its final form after the government side, represented by the Minister of Finance, Abdul-Jabbar Ahmed, committed to implementing it in accordance with what it included and what the House’s recommendations included.
This came in the presence of the Ministers of Civil Service and Administrative Development, Dr. Khaled Al-Hawali, Economy, Industry and Investment, Eng. Moeen Al-Mahaqri, Health and Environment, Dr. Ali Shaiban, and Head of the State Legal Office, Dr. Ismail Al-Mahaqri. In addition, the members of the Council appreciated the efforts of the joint parliamentary committee headed by the Vice-President of the Council, Abdul Salam Zabia, and the government side represented by the Minister of Finance and the concerned ministers.
The Minister of Finance expressed his thanks and appreciation to the Speaker and members of the Council for their interaction in issuing the draft law and voting on it and achieving constitutional integration to confront the exceptional circumstances that the country is going through and in line with the requirements and needs of the stage of change and construction.
During the session, the draft investment law was discussed, and the council members stressed in their discussions of the project the importance of this draft law contributing to achieving a diversified and sustainable national economy, and keenness to sponsor and support small and micro enterprises, stimulate and support community economy investment projects, encourage multi-source electricity generation projects as a cornerstone of economic development, localize national industries that depend on local production inputs, especially agricultural production inputs, protect local production, develop and enhance national exports, and improve the balance of payments.
They stressed the importance of working to create an attractive and stimulating investment environment for investment and encourage national capital to contribute to various development sectors.
They also stressed the importance of organizing investment areas and maintaining the necessary facilities to encourage national capital as an effective partner in various investment fields and working to address all obstacles.
The Council approved referring the draft law to a special committee consisting of the committees (Oil and Minerals, Finance, Industry and Trade) headed by the Vice President of the Council, Abdul Rahman Al-Jamai.
The Council had listened to the memorandum of the Prime Minister of the Government of Change and Construction addressed to the Speaker of the Council regarding the request for approval to withdraw a draft investment law that the government had previously submitted to the Council and approved the request.
The members of the House of Representatives discussed the report of the special committee on the results of its study of the draft law on medicine and pharmacy, and approved its return to the competent committee for further study in the presence of the Minister of Health and Environment and in light of the observations of the members of the Council and the responses of the Ministers of Finance and Health and Environment and to inform the Council of the results of that.
The Council began the session by reviewing the minutes of its previous session and approved them. It will continue holding its business sessions tomorrow, Wednesday, God willing.
