RIYADH: The Council of Economic and Development Affairs held a meeting via video conference.
The council reviewed the monthly report submitted by the Ministry of Economy and Planning, which covered developments in the global economy and its growth outlook for 2026 amid ongoing challenges, the potential impacts on the national economy, and its capacity to adapt to global economic changes.
The report highlighted positive trends reflected in various economic and financial indicators, including the GDP growth driven by the continued rise of non-oil activities, recovery of oil activities, industrial production growth, and the stability of the inflation rate, supported by government measures to regulate real estate prices and achieve balance in the real estate market.
While reviewing a number of procedural matters, the council approved the conclusion of the Privatization Program after it had completed its work and initiatives.
The council reviewed the program’s performance and achievements, which strengthened the role of the private sector, improved the operational efficiency of government assets, and developed an investment-attractive legislative environment through the adoption of relevant laws and regulations, thereby supporting economic diversification and enhancing the Kingdom’s competitiveness.
