The Council of Economic and Development Affairs held a virtual meeting to review the monthly report submitted by the Ministry of Economy and Planning. The report highlighted the latest developments in the global economy and its future outlook, in addition to a comprehensive overview of key national economic indicators. It emphasized the resilience of the Saudi economy and its strong ability to adapt to global economic changes, supported by accelerated GDP growth, a marked improvement in non-oil private sector activity, and increased industrial production levels, while maintaining a stable inflation rate of 2.2%.
Positive indicators amid global challenges
These positive indicators come at a time when the global economy is experiencing sharp fluctuations and inflationary waves that have affected major economies, reflecting the success of the fiscal and monetary policies adopted by the Kingdom. Maintaining inflation at these low levels compared to global rates is a significant achievement that enhances citizens' purchasing power and maintains market stability. Furthermore, the rise in industrial production is a direct result of the national industry and logistics development programs, which aim to transform the Kingdom into a leading industrial power and a global logistics hub.
Continued progress in the Kingdom's Vision 2030
The Council reviewed the quarterly report submitted by the Strategic Management Office regarding the performance of the Kingdom's Vision 2030 programs for the third quarter of this year. The report demonstrated tangible progress in implementing the Vision and achieving its strategic objectives across its three pillars: a vibrant society, a thriving economy, and an ambitious nation. The report indicated that enhancing the contribution of non-oil sectors has positively impacted GDP growth, confirming the success of economic diversification plans and reducing reliance on oil as the primary source of income.
The report also addressed the ongoing efforts for the third phase of the vision, which focuses on sustaining the impact and enhancing gains, to ensure continued growth and prosperity for future generations.
Empowering the non-profit sector and government agencies
In the context of enhancing government performance, the Council discussed the presentation from the National Center for Performance Measurement of Public Entities (Adaa) for the third quarter of 2025, which demonstrated the continued positive performance of government agencies. The Council also discussed the presentation from the National Center for the Development of the Non-Profit Sector and reviewed the draft national strategy for the sector, which aims to increase its contribution to the GDP and expand the number of people working in it, recognizing its fundamental role in social and economic development.
Legislative and regulatory updates
The Council concluded its meeting by reviewing several important procedural and legislative matters, including the draft Public Education Law and the draft Consumer Protection Law, which aims to strengthen consumer rights and ensure fair commercial transactions. The Council also reviewed the draft regulations for the National Falconry Center, the General Auditing Bureau's annual report, and the General Authority for Competition's report on the restaurant delivery platform market. Additionally, the Council discussed the challenges and solutions related to the education of people with disabilities and adopted the necessary decisions and recommendations on these topics.
