CEDA discusses reports, economic developments

The Kingdom of Saudi Arabia's flag

The Council of Economic and Development Affairs (CEDA) discussed the monthly update on local and global economic developments for October 2024. The report included an analysis of the latest developments in major global economies, the challenges they face, and their impact on the national economy.

According to the SPA, CEDA reviewed the Kingdom's progress in international indices, highlighting its recognition as a leading model in the highest category of the United Nations Cybersecurity Index for 2024. This achievement reflects the strong support and commitment from the leadership in advancing the cybersecurity sector as part of Saudi Vision 2030 programs.

CEDA also followed up on the outcomes of the Saudi delegation's participation in the first edition of the Saudi-Brazilian International Aviation Conference. These included the signing of agreements and memorandums of cooperation and understanding, further solidifying the Kingdom's leadership role in the aviation sector in line with Vision 2030 strategies and plans.

Additionally, the council discussed a report from the Project Management Office regarding the follow-up on decisions and recommendations issued by the CEDA during the third quarter of 2024. The report highlighted a notable increase in the number of entities achieving performance indicators above 98%.

Moreover, the council reviewed reports on economic forecasts for the first quarter of 2024, a summary of foreign trade for July, a summary report on the Wholesale Price Index for August, and the Consumer Price Index for the same period.