Riyadh: The Council of Economic and Development Affairs has held a virtual meeting to review the periodic economic report for July 2025, submitted by the Ministry of Economy and Planning.
According to Saudi Press Agency, the report offered a detailed analysis of the latest developments and forecasts for the global economy, assessing prominent challenges and risks. It also provided an overview of the national economy's performance and forecasts for the second half of 2025 and for 2026. A key highlight was the significant positive progress observed in the economic diversification policies under Saudi Vision 2030, evident in the Kingdom's sustained economic growth for the fourth consecutive quarter, bolstered by resilient non-oil activities and the Purchasing Managers' Index reaching its highest level in three months.
The council also discussed the quarterly performance report on the programs to achieve Saudi Vision 2030 and national strategies for the first quarter of this year, presented by the Strategic Management Office of the Council of Economic and Development Affairs. This report detailed the performance of executive programs, the status of progress in achieving strategic objectives, and implementation levels during the specified period. It also evaluated national and sectoral strategies, highlighted their notable achievements, and reviewed ongoing efforts and future aspirations, ensuring continuous implementation and progress across the Vision's three pillars: a vibrant society, a thriving economy, and an ambitious nation.
The council discussed the performance report of public agencies for the first quarter of this year, submitted by the National Center for Performance Measurement (Adaa), and reviewed efforts to support and empower ministries and government agencies in achieving their goals, leading to improved performance indicators. The report also included an analysis of national and sectoral strategies' performance, aspirations, and future steps.
Moreover, the council reviewed the results of the report from the Project Management Office of the council, which tracked decisions and recommendations issued by the council during the second quarter of this year. The report provided detailed outcomes, their status among represented entities, and statistics on completion levels.
Among other topics and procedural presentations on its agenda, the council considered matters related to the organizational arrangements for the events committee, the organizational structure and manual of the Ministry of Economy and Planning, and the development strategy for Aseer Region.
Additionally, the council reviewed the report of the Committee for Studying and Accelerating Capital Project Procedures across all entities, the quarterly executive summary of the Gross Domestic Product (GDP) and National Accounts Bulletin, and summaries of the monthly reports on the Consumer Price Index (CPI) and Wholesale Price Index (WPI).
The council issued the necessary decisions and recommendations on these matters.