Saudi economic council highlights resilience amid global, regional pressures

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Saudi Arabia’s Council of Economic and Development Affairs said the Kingdom’s economy remains resilient despite ongoing global and regional developments, supported by strong fiscal policies and robust infrastructure.

The council reviewed a monthly report by the Ministry of Economy and Planning covering global economic trends, growth outlook, and the impact of regional tensions on major economies and supply chains.

It also examined the annual report on Saudi Vision 2030, which assessed the performance of vision realization programs and national strategies through the fourth quarter of 2025, noting continued progress across its three pillars and the flexibility to adapt to changing conditions.

A presentation by the National Center for Performance Measurement (Adaa) showed continued positive performance by government entities in meeting targets, reflecting stable execution and improved efficiency, alongside efforts to strengthen performance management practices.

The council reviewed updates from the National Center for Privatization, which indicated improved performance and an increase in privatization projects in the second half of 2025.

It also discussed a presentation by the Royal Commission for Makkah City and Holy Sites on development projects in the central area of the Grand Mosque, focusing on waste management, logistics access, and safety enhancements supported by a three-year plan.

In addition, the council reviewed progress on governance, risk, compliance, and internal audit frameworks across government entities, as well as economic and regulatory reports including price monitoring and key indicators.

The council also considered procedural matters, including a draft National Intellectual Property Policy, and was briefed on updates from committees covering social support, balance of payments, economic diversification, and plans to host international organizations.

It reviewed price monitoring reports and consumer and wholesale price indices before issuing the necessary decisions and recommendations.