Council of Economic and Development Affairs reviews the impact of global developments on the Saudi economy; private-sector growth continues, Vision 2030 programs advance, and SAR 262 billion has been provided through the Citizen Account Program

Riyadh | BETH

The Council of Economic and Development Affairs reviewed developments in the Saudi economy during a meeting held via video conference, amid global geopolitical shifts, reaffirming the continued strength and resilience of the national economy in the face of inflationary pressures and tighter monetary policies worldwide.

The Ministry of Economy and Planning’s monthly report showed continued growth in private-sector activity, with the Purchasing Managers’ Index rising to 53.8 points in August 2026, compared with 53.1 in July, marking the fifth consecutive month of growth. The Business Confidence Index also increased to 56.7 points.

The Council also reviewed the performance of Saudi Vision 2030 programs and national strategies during the second quarter, as the Vision enters a phase focused on maximizing impact, consolidating gains, and sustaining achievements following ten years of economic and social transformation.

Under the Quality of Life Program, the contribution of its initiatives to local content reached 44% by the end of 2025, exceeding the 37% target, while their contribution to GDP reached SAR 78 billion, compared with a target of SAR 77.1 billion.

The Council also reviewed the performance of the Citizen Account Program, through which total support provided since its launch has reached approximately SAR 262 billion, benefiting around 2.4 million recipients.

The meeting also addressed the performance of government entities, the Justice Facility Development Strategy, and the draft Clinical Studies Law, alongside consumer and wholesale price indicators, foreign trade, and price monitoring, and adopted the necessary decisions and recommendations.