RIYADH — The Council of Economic and Development Affairs held a virtual meeting to assess the Kingdom's economic performance and track progress on key programs supporting Saudi Vision 2030. The session began with a review of the July 2025 Economic Report presented by the Ministry of Economy and Planning, offering an in-depth analysis of global economic trends, associated risks, and the performance of the Saudi economy. The report included forecasts for the second half of 2025 and the coming year. The Council noted a continued positive trajectory for the Kingdom's economy, marking four consecutive quarters of growth, driven by the resilience of non-oil sectors. A key highlight was the Purchasing Managers' Index (PMI) reaching its highest level in three months. The Council also discussed the Q1 performance report on Vision 2030 implementation, submitted by the Strategic Management Office, which evaluated progress on executive programs, strategic goals, and the execution status of national and sector-specific strategies. The report reaffirmed ongoing momentum across Vision 2030's three main pillars: a vibrant society, a thriving economy, and an ambitious nation. The meeting reviewed the Q1 public sector performance report presented by the National Center for Performance Measurement (Adaa). The report highlighted improvements in government entity performance, driven by targeted support to ministries and public agencies in achieving their strategic objectives. It also included an evaluation of national strategies and a forward-looking assessment of institutional development efforts. In addition, the Project Management Office briefed the Council on the progress of assigned tasks and decisions from Q2. The report covered execution outcomes, agency compliance, and provided statistics on achievement levels across participating government entities. The Council's agenda included a series of organizational and strategic matters, notably the regulatory arrangements for the Events Committee, updates to the organizational structure of the Ministry of Economy and Planning, and the Asir Region Development Strategy. It also reviewed reports on accelerating capital project procedures, the quarterly executive summary of GDP and national accounts data, and monthly indices for consumer and wholesale prices. The session concluded with the Council issuing the necessary resolutions and recommendations to support continued national progress and institutional performance.
