Council of Economic Affairs: The rise of non-oil activities and the growth of industrial production
Hold and development held a meeting via videoconference.
At the beginning of the meeting, he reviewed The monthly report submitted by the Ministry of Economy and Planning, which included developments in the global economy and its growth prospects during the year 2026 AD in light of the challenges it faces, and the potential impacts on , and its ability to adapt to global economic changes, highlighting the positive trend reflected by various economic and financial indicators, including the growth of the domestic product driven by the continued rise of non-oil activities, the recovery of oil activities, the growth of industrial production, and the stability of the inflation rate with the support of various government measures in controlling real estate prices and achieving real estate balance.
Council of Economic Affairs
During its review, the Council reviewed a number of procedural transactions, related to ending the privatization program, after the program had completed its implementation. And completing its work and initiatives, as he followed the performance of the program during the last phase and the achievements it achieved that contributed to strengthening the role of the private sector and improving the efficiency of operating government assets, in addition to developing a legislative environment that attracts investment by approving the relevant rules and regulations, in a way that achieves economic diversification and raises the competitiveness of the Kingdom.
The completion of the privatization program comes within the framework of the transition from the establishment stage, which the program completed successfully, to the implementation stage and maximizing the impact through the adoption of the national privatization strategy, which worked on reviewing the objectives, developing various opportunities, and establishing a comprehensive national framework. To determine the initiatives according to priority sectors.
Follow-up of decisions and recommendations
The Council also reviewed the presentation submitted by the Project Management Office of the Secretariat of the Council of Economic and Development Affairs regarding following up on the decisions and recommendations issued by the Council during the fourth quarter of 2025 AD, within the framework of the care and attention that the Council attaches to its follow-up to the level of completion of the entities’ tasks and assignments assigned to them, as the presentation included a detailed follow-up of decisions and recommendations, the Council’s outputs among the represented entities, and detailed statistics of the level of achievement.
The Council was also informed of the results of the monthly executive summary of the Foreign Trade Index Bulletin, the quarterly executive summary of the Gross Domestic Product and National Accounts Bulletin, two summaries of the two monthly reports of the Consumer Price Index and Wholesale Prices, and the basic reports on which the summaries were based.
The Council took the necessary decisions and recommendations regarding these issues.
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