Saudi Economy Showcases Resilience with Growth in Non-Oil Sectors
In a recent meeting of the Council of Economic and Development Affairs, the Saudi economy was praised for its resilience, with sustained growth in non-oil sectors and a low annual inflation rate of 1.6 percent.
Ministry of Economy and Planning Analyzes Economic Performance
The meeting discussed crucial reports, including the Ministry of Economy and Planning’s analysis of international and local economic performance in the first quarter of 2024. This analysis explored global economic growth trends and their potential impact on the Kingdom.
Significant Progress Made on Vision 2030 Initiatives
The Strategic Management Office’s 2023 report on the achievements of targets set by Vision 2030 revealed that 87 percent of initiatives were completed or on track by 2023. This surpasses the performance of the previous year.
Health Ministry Updates on Transformation Initiatives
The Ministry of Health presented progress updates on key initiatives, including the establishment of the Health Holding Co. and the Center for National Health Insurance. These initiatives are crucial to the ministry’s healthcare transformation plan, aiming to improve access to healthcare services and strengthen preventive measures.
Successful Completion of Healthcare Strategy Phase
The presentation highlighted the successful completion of the inaugural phase of the healthcare strategy, with 20 health clusters established across Saudi Arabia by the end of 2023. The ministry outlined its strategic ambitions and the embrace of a contemporary healthcare paradigm.
Future Aspirations for 2024
The Strategic Management Office’s report also outlined ongoing efforts and future aspirations for 2024, emphasizing the achievements and surpassing of goals set for Vision 2030. The analysis highlighted progress in creating a vibrant society, a thriving economy, and an ambitious nation.
CEDA Issues Decisions and Recommendations
CEDA issued pertinent decisions and recommendations on all topics discussed during the meeting. The council aims to establish governance mechanisms necessary to achieve Saudi Vision 2030, addressing domestic matters from health to labor to education and Islamic affairs.