Saudi Economic Council Reviews Progress in Vision 2030 Implementation

Asharq Al-Awsat

5 days ago

The Saudi Council of Economic and Development Affairs (CEDA) held a virtual meeting to evaluate the Kingdom's economic performance and monitor the progress of programs driving the country's ambitious Vision 2030 strategy.
The meeting began with a presentation of the July 2025 Economic Report, submitted by the Ministry of Economy and Planning. The report provided a detailed overview of global economic developments, including key risks and challenges, as well as forecasts for Saudi Arabia's domestic economy through the second half of 2025 and into 2026.
It highlighted continued growth in the Kingdom's economy for the fourth consecutive quarter, largely driven by robust performance in non-oil sectors. Notably, the Purchasing Managers' Index (PMI) rose to its highest level in three months, signaling strong business confidence and expansion.
The council also reviewed the quarterly performance report on Vision 2030 realization programs and national strategies, presented by the Strategic Management Office. This assessment detailed the progress of implementation efforts, the degree to which strategic goals are being met, and the level of execution across various initiatives.
It also evaluated the impact of national and sectoral strategies, spotlighted key achievements, and outlined ongoing efforts and future expectations. These findings underscore the Kingdom's continued progress toward the Vision's three core pillars: building a vibrant society, fostering a thriving economy, and nurturing an ambitious nation.
In its broader oversight role, the council examined the first-quarter performance of public sector institutions, based on a report from the National Center for Performance Measurement (Adaa).
The report highlighted improvements across key performance indicators, the result of concerted efforts to support and empower government entities in meeting their objectives.
Additionally, the council reviewed a separate update from its Project Management Office, which tracked the implementation of decisions and recommendations issued during the second quarter. This included a detailed breakdown of outcomes, implementation statuses across relevant government agencies, and updated statistics on progress levels.
The council also considered a wide range of additional topic, namely proposed organizational arrangements for the National Events Committee, the structural and operational framework of the Ministry of Economy and Planning, and a development strategy for the Asir region.
Furthermore, members reviewed a report focused on streamlining and accelerating the process for launching capital projects, along with the executive summary of the quarterly GDP bulletin and national accounts. The meeting also included briefings on the monthly consumer and wholesale price indices.