Powerful Saudi council assesses economic performance, progress on Vision 2030

 

Council of Economic and Development Affairs holds meeting monitor progress on Vision 2030  

The Council of Economic and Development Affairs (CEDA) convened virtually to assess the Kingdom’s economic performance and monitor progress on initiatives aligned with Saudi Vision 2030.

The session opened with the July 2025 Economic Report from the Ministry of Economy and Planning, offering a comprehensive analysis of global economic trends, associated risks, and Saudi Arabia’s economic indicators. The report included updated forecasts for the second half of 2025 and the year ahead.

CEDA noted the Kingdom's continued economic growth for a fourth consecutive quarter, largely fueled by the robust performance of non-oil sectors. Among the key indicators, the Purchasing Managers’ Index (PMI) reached its highest level in three months, signaling rising business confidence.

 

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The Council also reviewed the Q1 Vision 2030 implementation report presented by the Strategic Management Office, evaluating progress on executive programs, strategic goals, and national and sector-specific strategies. The report reaffirmed positive momentum across Vision 2030’s three core pillars:

·        A Vibrant Society,

·        A Thriving Economy, and

·        An Ambitious Nation.

The National Center for Performance Measurement (Adaa) shared the Q1 public sector performance report, highlighting improvements in government agency effectiveness supported by strategic assistance. It included evaluations of national strategies and insights into ongoing institutional development efforts.

Additionally, the Project Management Office briefed the Council on Q2 implementation of assigned tasks and decisions, presenting achievement statistics and compliance levels across government entities.

 

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The Council also discussed a range of strategic and organizational matters, including:

·        Regulatory arrangements for the Events Committee,

·        Updates to the Ministry of Economy and Planning’s organizational structure,

·        Progress on the Asir Region Development Strategy,

·        Acceleration of capital project procedures, and

·        The quarterly GDP and national accounts summary, along with consumer and wholesale price indices.

The session concluded with the adoption of several resolutions and recommendations aimed at reinforcing national development and institutional performance as part of the Vision 2030 agenda.

Source: Saudi Gazette