Saudi Arabia's Economic Progress: Vision 2030 Update
The Council of Economic and Development Affairs, chaired by Crown Prince Mohammad bin Salman, recently held a meeting to review key economic and strategic reports. The gathering provided updates on Saudi Arabia's progress under Vision 2030 and its national strategies.
The meeting began with a presentation of the Strategic Management Office's report, highlighting advancements under Vision 2030's three core pillars. Meanwhile, the Saudi Halal Center and Halal Products Development Co. shared their progress in the halal sector.
The Ministry of Economy and Planning's report assessed the global economy and Saudi Arabia's economic resilience. Notably, non-oil activities now account for 56 percent of the Kingdom's GDP, marking a significant shift towards a more diversified economy.
The council reviewed and adopted decisions on policy and procedural matters, including GCC rules for empowering persons with disabilities and intellectual property initiatives. Additionally, they reviewed semi-annual updates from the National Center for Privatization and PPP, and annual summaries from other programs.
Despite no mid-year update on Vision 2030 or national strategies being evident in the latest information, the council's meeting provided valuable insights into Saudi Arabia's economic progress. The focus on non-oil activities, halal sector development, and policy advancements underscores the Kingdom's commitment to achieving its Vision 2030 goals.
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