RIYADH — The Council of Financial and Growth Affairs (CEDA) has authorized the conclusion of the Privatization Program after it had accomplished its work and initiatives.
Throughout its assembly, held by way of video convention on Wednesday, CEDA reviewed this system’s efficiency and achievements, which strengthened the position of the personal sector, improved the operational effectivity of presidency belongings, and developed an investment-attractive legislative setting by way of the adoption of related legal guidelines and rules, thereby supporting financial diversification and enhancing the Kingdom’s competitiveness.
The conclusion of the Privatization Program comes as a part of the transition from the institution section accomplished by this system to the implementation section and the maximization of impression by way of the adoption of the Nationwide Privatization Technique, which reviewed targets, creating varied alternatives, and developed a complete nationwide framework for figuring out alternatives throughout precedence sectors.
The Council reviewed the month-to-month report submitted by the Ministry of Economic system and Planning, which lined developments within the international financial system and its progress outlook for 2026 amid ongoing challenges, the potential impacts on the nationwide financial system, and its capability to adapt to international financial adjustments.
The report highlighted optimistic traits mirrored in varied financial and monetary indicators, together with the GDP progress pushed by the continued rise of non-oil actions, restoration of oil actions, industrial manufacturing progress, and the steadiness of the inflation price, supported by authorities measures to control actual property costs and obtain stability in the true property market.
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The Council additionally reviewed a presentation by the Workplace of Mission Administration on the Secretariat of the CEDA on the follow-up of choices and proposals issued by the Council throughout the fourth quarter of 2025, reflecting its dedication to monitoring the progress of entities in fulfilling assigned duties and mandates. The presentation supplied an in depth overview of the follow-up on Council selections and proposals, outputs of the Council amongst represented entities, and detailed statistics on achievement ranges.
The Council was additionally briefed on the month-to-month government abstract of the Overseas Commerce Indices Bulletin, the quarterly government abstract of the GDP and Nationwide Accounts Bulletin, and two summaries of the month-to-month experiences on the Client Value Index and Wholesale Value Index, in addition to the core experiences on which these summaries had been primarily based. The Council took the required selections and proposals on these issues.
