The virtual meeting of the Council of Economic and Development Affairs (CEDA) recently discussed the progress of the Vision 2030 programs in Saudi Arabia. The third-quarter 2024 report highlighted the achievements of key programs, outlined strategic objectives, and offered an overview of current performance, ongoing efforts, and future aspirations. The report, presented by the Strategic Management Office at the Council of Economic and Development Affairs, emphasized significant progress across the three pillars of Vision 2030: a Vibrant Society, a Thriving Economy, and an Ambitious Nation.
During the meeting, various reports and topics were discussed, leading to decisions and recommendations on the agenda items. One of the main highlights was the economic report for December, presented by the Ministry of Economy and Planning. This report analyzed significant developments in the global economy, challenges facing emerging markets, and how they could impact the national economy. The council acknowledged the Kingdom’s ability to navigate these challenges, particularly emphasizing the progress in the non-oil sector and industrial activities that align with Vision 2030 objectives.
The National Center for Performance Measurement (ADAA) also presented an in-depth analysis of government agencies’ performance during the third quarter of 2024. ADAA outlined its initiatives to support and empower government entities in achieving Vision 2030 objectives, assessing performance outcomes of national strategies, and addressing future aspirations. The commitment to enhancing ministries and government performance through regular reviews and corrective action plans was reiterated by ADAA.
Key economic indicators such as the Consumer Price Index report for October 2024, Wholesale Sales Report for the same period, and the foreign trade summary for September 2024 were reviewed by the council. Supporting foundational reports were also discussed during the meeting. The council’s discussions and decisions reflected the Kingdom’s determination to achieve the goals set out in Vision 2030, highlighting the progress made across various sectors and the strategies in place to overcome challenges.
Overall, the CEDA meeting focused on assessing the progress of the Vision 2030 programs, highlighting achievements, and setting strategic objectives for the future. The council’s discussions and decisions underscored the Kingdom’s resilience in navigating economic challenges and its commitment to achieving the ambitious goals of Vision 2030. With ongoing efforts in various sectors and initiatives to enhance government performance, Saudi Arabia is on track to realizing its vision of a vibrant society, a thriving economy, and an ambitious nation by 2030.
