The Saudi Council of Economic and Development Affairs (CEDA) held a meeting to discuss the progress made in the Vision 2030 goals, which aim to create a vibrant society, a thriving economy, and an ambitious nation. The meeting, conducted via video conference, focused on a report presented by the Strategic Management Office on the Kingdom’s Vision Realization Programs for the first quarter of 2024. The report highlighted the achievements of the programs, their strategic objectives, performance assessment, and future aspirations for the year.
One of the key topics discussed during the meeting was the economic report for the second quarter of 2024, presented by the Ministry of Economy and Planning. The report included an analysis of the global economy, financial markets, and the national economy’s developments. It revealed positive indicators such as a 4.9 percent growth in the non-oil economy and a stable inflation rate of 1.5 percent in July. The report also discussed the measures taken to address global economic challenges and future expectations for the national economy.
In addition to the economic report, the CEDA reviewed several other reports during the meeting. These included the annual report of the Public Investment Fund for 2023, the annual report on traffic safety for 2023, the semi-annual 7th report of the Ministerial Committee for the Social Support and Assistance System, and the report on the results of the Permanent Committee for Price Control for the second quarter of 2024. The Council made necessary decisions and recommendations based on these reports to continue the progress towards achieving the Vision 2030 goals.
The reports presented during the meeting highlighted the strength of the national economy and the effectiveness of the measures implemented to address economic challenges. The ongoing efforts and future aspirations showcased during the meeting demonstrate the commitment of the Kingdom towards achieving the Vision 2030 objectives. The CEDA’s review of the reports and topics reflects the government’s dedication to monitoring progress and making informed decisions to drive economic growth and development.
Overall, the meeting of the Saudi Council of Economic and Development Affairs in early 2024 showcased significant progress in the implementation of the Vision Realization Programs. The positive indicators in the economic report, along with the review of various other reports, demonstrate the Kingdom’s commitment to achieving its long-term goals. By continuing to focus on a vibrant society, a thriving economy, and an ambitious nation, Saudi Arabia is well-positioned to realize the Vision 2030 objectives and drive sustainable growth and development in the years to come.
