Minister of State for Foreign Affairs, Adel Al-jubeir, announced that the Kingdom will contribute up to $1 billion to alleviate the suffering of the Palestinian people and support the pursuit of a well-deserved peace. Speaking at the inaugural meeting of the Peace Council, Al-Jubeir emphasized that the Kingdom is actively working toward a vision of comprehensive peace and security in the region. This $1 billion pledge reinforces its role as a central player in any future Palestinian state-building efforts. This pledge aligns with Saudi Vision 2030, which views regional stability as essential for economic growth. By leading the “Peace Council,” Saudi Arabia is positioning itself as a mediator that balances humanitarian aid with high-level political negotiations.

Source: Egypt Independent February 20, 2026 12:41 UTC