CEDA reviews economic reports, issues directives

Riyadh city

The Council of Economic and Development Affairs (CEDA) convened virtually to analyze the drivers and challenges affecting the growth of the national economy, while offering the relevant solutions.

The council also highlighted the positive economic performance during the third and fourth quarters of 2024, in addition to outlook from both local and international entities.

The Ministry of Economy and Planning presented its quarterly economic report, detailing global trends and forecasting national performance.

A Ministry of Finance report highlighted a 21% surge in non-oil revenues, reaching SAR 132 billion, up from SAR 109 billion the previous year. This growth underscores the Kingdom’s successful diversification efforts, a core objective of Vision 2030, alongside continued investment in social and developmental programs.

The CEDA also reviewed the outcomes of Saudi Arabia's participation in the 2025 World Economic Forum in Davos, reinforcing its position as a leading global economic player.

Further discussions included the National Investment Supreme Committee’s green investment guidelines, the Ministry of Media’s organizational structure, and the General Authority for Statistics’ analysis of import substitution indicators. The council also examined key economic data, including consumer and wholesale price indices, and foreign trade statistics.

The meeting concluded with the council issuing directives and recommendations based on the presented reports and discussions.