The Ministry of Economy and Planning participated in the official launch of the United Nations Global Compact Network in the Kingdom of Saudi Arabia, with the support of the Office of the United Nations Resident Coordinator in the Kingdom, to join 69 local networks of the United Nations Global Compact around the world.
The global agreement aims to invite local companies to align their strategies and operational processes with global principles, including those related to human rights, the environment and anti-corruption. The agreement also focuses on taking measures to help achieve the 2030 Sustainable Development Goals on time. The local network in the Kingdom currently includes 30 leading Saudi companies in various fields.
The deputy minister of the Ministry of Economy and Planning for Policies and Economic Planning, Ayman Afghani, affirmed the Kingdom’s support for the Global Compact Network, saying: “The joining of private sector companies to the local network of the United Nations Global Compact in the Kingdom is an affirmation of the value of companies, which benefit society by achieving sustainable development goals and the success of the long-term future plans of the companies”.
The Board of Directors of the Global Compact in the Kingdom consists of the Resident Coordinator of the United Nations Office in the Kingdom, a representative from the Ministry of Economy and Planning, representatives from a number of local companies and branches of international companies in the Kingdom and non-profit organizations, including: the Saudi Basic Industries Corporation (SABIC), ENGIE, NAPCO National Company, Accenture Middle East, Al Dabbagh Holding Group, Majid Al Futtaim Group, Chalhoub Group, King Khalid Charitable Foundation and The Environmental Development Association (Faseel).