Saudi Cabinet praises economic, structural reforms in line with Vision 2030

Custodian of the Two Holy Mosques King Salman bin Abdulaziz

Saudi Arabia’s Cabinet, chaired by King Salman, highlighted the economic and structural reforms implemented in line with Vision 2030 as well as their contribution to achieving sustainable and comprehensive economic growth.

The Kingdom’s real gross domestic product (GDP) rose by 11.8% year-on-year (YoY) in Q2 2022, the highest since Q3 2011 when it reached 13.6%, according to data available with Argaam.

The Cabinet stressed the government’s great interest in upgrading the services provided to citizens, as well as maximizing the utilization of resources and assets in accordance with the objectives of Saudi Vision 2030.

The Cabinet also reiterated the Kingdom's commitment to international action and cooperation to combat climate change, and its active contribution to achieving the relevant international goals, through qualitative initiatives, such as Saudi Green Initiative, Middle East Green Initiative and Circular Carbon Economy.