The Economic Development Council held its meeting via video conference. At the beginning of the meeting, the Board considered the monthly report submitted by the Ministry of Economic Planning. The report included global economic developments and growth prospects for 2026 AD, taking into account the challenges faced by the global economy, the potential impact on national economies, and the ability to adapt to global economic changes, and highlighted positive trends reflected in various economic and financial indicators, such as growth in domestic products due to continued increase in non-oil activities, recovery in oil activities, growth in industrial production; Stabilization of the inflation rate with the support of various government policies to control real estate prices and achieve balance. real estate.
During its review, the Council reviewed the numerous procedural transactions related to the termination of the privatization program, including the performance of the program in its final stages and the legal environment conducive to attracting investment, once the program implementation and efforts have been completed, and the approval of relevant rules and regulations. In addition to development, it reviewed a number of procedural transactions related to the termination of privatization programs, tracking achievements that contributed to strengthening the role of the private sector and improving the efficiency of the management of government assets, in ways that achieved economic diversification and increased the competitiveness of enterprises. Kingdom.
Completion of the privatization program will take place within the framework of the transition from the establishment phase, where the program has been successfully completed, to the implementation phase, maximizing its effectiveness through the adoption of a national privatization strategy that addresses the review of objectives, the development of various opportunities and the development of a comprehensive national framework for identifying initiatives according to priority areas.
The Board also considered a presentation submitted by the Project Management Office of the Economic Development Council Secretariat regarding the follow-up of decisions and recommendations issued by the Board during the fourth quarter of AD 2025. The presentation included details of the follow-up of decisions and recommendations, the outcomes of the Board meetings with representatives, and therefore considered within the framework of the care and attention that the Board devotes to the follow-up of the tasks and assignments assigned to the entity by the entity to the level of completion. Detailed statistics for entities, and achievement levels.
The Board was also informed of the monthly summary of the Foreign Trade Index Bulletin, the quarterly summary of the Gross Domestic Product and National Economic Bulletin, the two summaries of the two monthly reports of Consumer Price Index and Wholesale Prices, and the results of the basic report on which the summaries were based. The Council made the necessary decisions and recommendations regarding these issues.
The Council on Economic Development Affairs held its meeting via video conference. At the beginning of the meeting, the Board considered the monthly report submitted by the Ministry of Economic Planning. The report included an update on the global economy and its growth outlook for 2026, in light of the challenges it faces, the potential impact on national economies, and the ability to adapt to changes in the global economy. The report highlighted positive trends reflected in various economic and financial indicators, including gross domestic product (GDP) growth due to continued increase in non-oil activities, recovery in oil activities, growth in industrial production, and stabilization of inflation rates supported by various government policies to control real estate prices and achieve real equilibrium.
The Council was informed of the completion of the privatization program during the review of several procedural transactions, after the program was successfully implemented and its work and efforts were completed. Monitored the program’s performance in previous phases and its achievements, which contributed to strengthening the role of the private sector, improving the efficiency of government asset management, and creating an attractive legal environment for investment through the approval of relevant regulations and laws, thereby achieving economic diversification and strengthening the Kingdom’s competitiveness.
The conclusion of the privatization program comes as part of the program’s successful transition from the foundation phase to the implementation phase, maximizing its effectiveness through the adoption of a national privatization strategy that addresses the review of objectives, the development of different opportunities, and the establishment of a comprehensive national framework for identifying initiatives according to priority areas.
The Board was also briefed on the presentation provided by the Project Management Office of the Secretariat of the Council for Economic Development Affairs regarding the follow-up of decisions and recommendations issued by the Board during the fourth quarter of 2025, as part of the Board’s keen interest in monitoring the level of achievement of the tasks and tasks entrusted to each entity. The presentation included details on the follow-up of decisions and recommendations, the results of the Council by representative bodies, and detailed statistics on the level of achievement.
The Board was also informed of the monthly executive summary of the foreign trade index, the quarterly executive summary of gross domestic product and the national economy, the summary of the monthly reports of the consumer price index and wholesale prices, and the results of the main reports on which the summary was based. The Council made the necessary decisions and recommendations on these topics.
