High performance indicators and the Saudi economy continues to grow
The Council of Economic and Development Affairs, chaired by Crown Prince Mohammed bin Salman, is closely following the level of achievement by the authorities of all tasks and assignments assigned to them. Recent data showed an increase in the achievement of the tasks and assignments assigned to them, despite the increase in the second quarter of this year.
The data also revealed a significant increase in the number of government agencies that achieved more than 98% in performance indicators.
The growth of the Saudi economy continues
The Kingdom’s economy also continues to grow, as the Kingdom’s real GDP increased by 3.8%, driven by non-oil activities, which increased by 5.4%.
In order to achieve the aspirations and strategic goals of the Kingdom’s Vision 2030, efforts continue to follow up the level of achievement in implementing the vision programs, and focus continues on launching initiatives and completing their implementation in accordance with the strategic objectives of the Kingdom’s Vision 2030, in a way that achieves the aspirations of the leadership and the hopes of citizens.
Non-oil sector indicators
The performance indicators of the non-oil private sector in the Kingdom have also become among the highest in the G20, with the PMI continuing to grow for 3 consecutive years.
In addition, the rate of inventory accumulation reached its highest level in 10 months, and companies responded to the improvement in business activity by increasing their purchasing activity and seeking to enhance inventory.
The data also showed an expansion of employment in the private sector accompanied by an increase in salary payments for the purpose of retaining experienced employees.