Council of Economic Affairs says commodities available at affordable prices

The Kingdom of Saudi Arabia's flag

The Council of Economic and Development Affairs held a video conference to discuss reports, presentations and topics on its agenda, including the periodic presentation submitted by the Ministry of Economy and Planning on local and global economic developments.
 

The presentation included an analysis of key indicators of the national economy and the growth rate witnessed recently. It commended the continuous growth of non-oil activities, SPA reported.
 

The council discussed the efforts and policies adopted to ensure the availability of commodities at affordable prices and curbing monopolistic practices, in addition to the latest development on local credit in the Kingdom, which reflect strong demand for the private and real estate sectors loans. It also lauded the high growth rates of the Purchasing Managers’ Index (PMI), backed by output, new orders and a recovery in sales.
 

Other topics including the reports of international financial institutions, which praised the continued growth in the Kingdom were also discussed.
 

The council also reviewed the presentation of the Public Investment Fund (PIF) about the progress made in giga projects, such as Diriyah, NEOM, Qiddiya, The Red Sea and ROSHN.
 

The council lauded the opening of the first phase of The Red Sea Project and launch of the Red Sea International Airport flights.