The Council of Economic and Development Affairs held a virtual meeting during which it reviewed several important economic and development reports, most notably the monthly report submitted by the Ministry of Economy and Planning. The meeting addressed the latest developments in the global economy and its performance forecasts, in addition to a comprehensive analysis of key national economic indicators, which demonstrated clear resilience and a high capacity to adapt to international changes.
Positive economic indicators and financial stability
The data discussed by the Council highlighted the Kingdom's accelerated GDP growth, primarily driven by non-oil activities, which continue to register strong performance. Industrial production levels also recorded a notable increase, reflecting the success of industrial policies aimed at localizing industries and diversifying the production base. In the context of fiscal and monetary stability, the Kingdom's inflation rate remained stable at 2.2%, an indicator reflecting the success of the proactive fiscal and monetary policies adopted to mitigate the effects of global inflationary waves that have impacted many major economies.
The Council's role in achieving Vision 2030
This meeting comes within the framework of the pivotal role played by the Council of Economic and Development Affairs since its establishment, in shaping economic policies and unifying the directions of government agencies towards achieving the objectives of the Kingdom's Vision 2030. During the meeting, the Council reviewed the quarterly report submitted by the Strategic Management Office, which included an analysis of the progress of the Vision's programs in the third quarter of this year. The report showed continued progress in the three pillars of the Vision: (a vibrant society, a thriving economy, and an ambitious nation), with a focus in the current and future phases on consolidating gains and ensuring the sustainability of the economic and social impact of major projects.
Empowering the non-profit sector and government performance
In an effort to integrate the roles of different sectors, the Council discussed the presentation from the National Center for the Development of the Non-Profit Sector and reviewed the draft national strategy for the sector. This strategy aims to transform the non-profit sector into a key partner in development by increasing its contribution to the GDP and expanding job opportunities, thereby strengthening social solidarity and improving the efficiency of charitable spending.
The Council also reviewed the report of the National Center for Measuring the Performance of Public Agencies (Adaa) for the third quarter of 2025, which indicated the continued positive performance of ministries and government agencies in achieving their objectives, reflecting the development of the government work system and its focus on improving the experience of beneficiaries and raising the quality of services provided to citizens and residents.
Regulatory and legislative decisions
The Council concluded its meeting by discussing several procedural and regulatory matters, including the draft Public Education Law and the draft Consumer Protection Law, which aims to strengthen consumer rights and ensure market fairness. The discussion also touched upon the organization of the National Falconry Center and the General Authority for Competition's report on the restaurant delivery platform market, emphasizing the need to address regulatory challenges to guarantee a fair competitive environment. The Council adopted the necessary decisions and recommendations regarding these matters to ensure the continued progress of development and modernization.
