{"id":89859,"date":"2025-12-05T16:34:38","date_gmt":"2025-12-05T13:34:38","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=89859"},"modified":"2025-12-05T16:34:38","modified_gmt":"2025-12-05T13:34:38","slug":"%d8%a8%d8%a7%d9%84%d8%aa%d9%81%d8%a7%d8%b5%d9%8a%d9%84-%d9%85%d9%84%d8%aa%d9%82%d9%89-%d9%85%d9%8a%d8%b2%d8%a7%d9%86%d9%8a%d8%a9-2026-%d9%8a%d8%ae%d8%aa%d8%aa%d9%85-%d8%a3%d8%b9%d9%85%d8%a7%d9%84","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/89859\/","title":{"rendered":"In detail... The 2026 Budget Forum concludes its work by reviewing the features of development in the next phase"},"content":{"rendered":"

The Ministry of Finance has concluded the 2026 Budget Forum<\/a><\/strong> The forum was attended by a large number of Their Highnesses and Excellencies and a number of leaders, officials, economists and financiers, reflecting the importance of the forum as a national platform that reviews the features of the next stage of development paths and the government spending strategy, in a scene that reflects the importance of the forum as a national platform.<\/p>\n

The statements of ministers and officials participating in the forum's sessions reflected the budget's orientation towards developing basic services and promoting projects that touch the lives of citizens and raise their well-being, in addition to expanding high-impact sectors from infrastructure to quality of life, as the Kingdom continues to build an economy capable of facing global changes and maintaining balanced and sustainable growth, based on the flexibility provided by Vision 2030 and the vital role of fiscal policies in supporting long-term economic growth.<\/p>\n

Sustainable Development in the 2026 Budget<\/strong><\/span><\/p>\n

The forum kicked off with a session titled \u201cSustainable Development in Budget 2026,\u201c during which His Excellency the Minister of Finance, Mr. Mohammed bin Abdullah Al-Jadaan, and His Excellency the Minister of Economy and Planning, Mr. Faisal bin Fadel Al-Ibrahim, presented key messages that reflect the budget's transition from being \u201djust numbers\" to a strategic tool carefully targeted to promote growth, diversify the economy, and protect gains.<\/p>\n

Al-Jadaan emphasized that the Kingdom's fiscal policy takes into account the nature of the national economy, and since the launch of Vision 2030, public finances have been a key pillar of stability, and with the contribution of non-oil activities rising to 56%, the Kingdom continues to strengthen this path and increase its growth rates in the future, pointing out that spending efficiency does not necessarily mean cutting spending, and that financial culture and spending efficiency has become a general culture for all Saudi workers.<\/p>\n

Focus on spending efficiency<\/strong><\/span><\/p>\n

For his part, His Excellency the Minister of Economy and Planning, Mr. Faisal bin Fadel Al Ibrahim, stressed that the 2026 budget focuses on raising the efficiency of spending and directing it towards sectors that achieve higher economic and social value, stressing that the Kingdom's Vision 2030 has created a competitive environment that attracted more than 600 international companies. Pharmaceutical localization increased from 20% to 35%, and military from 4% to more than 20%, reflecting a strong response by the private sector, noting that 74 sectors in the past five years have grown annually by more than 5%, of which 37 activities recorded a growth rate of about 10% out of 81 activities in the non-oil sector.<\/p>\n

He pointed out that the Kingdom's voice is pivotal in the conversations of the development of the global economy, and it has a strategic role in the global economy, is one of the 12 largest countries in terms of area, and seeks to be a global logistics platform connecting the continents of the world, and this will create great opportunities in infrastructure projects and investments that have become one of the most growing investment assets globally.<\/p>\n

Within the work of the forum, the second session witnessed the participation of Their Excellencies the Ministers of Health, Education, Human Resources and Social Development, who stressed that the human being stands at the heart of the priorities of the 2026 budget, where His Excellency the Minister of Human Resources and Social Development, Engineer Ahmed Al Rajhi, said that the ministry system participates in 8 programs of the Kingdom's Vision 2030 and works to achieve (26) strategic goals through more than 100 initiatives, and that women's participation in the labor market increased to 34%, while Saudi unemployment decreased to 6. 8%.He pointed out that the ministry worked on an ambitious strategy for the labor market in 2020, which included 28 reform initiatives, and is currently working on another strategy to be one of the best labor markets in the world.<\/p>\n

His Excellency the Minister of Health, Mr. Fahad Al-Jalajel, revealed that the health sector's contribution to GDP increased to 5%, infectious disease deaths decreased by 50%, and health coverage reached 94.7%, which is one of the highest ratios globally.<\/p>\n

Saudi Arabia invests in people<\/strong><\/span><\/p>\n

For his part, His Excellency the Minister of Education, Mr. Yousef Al-Benyan, explained that the 2026 budget supported education with 202 billion riyals, of which 30 billion riyals were allocated for the operational expenses of the education system, and that the Kingdom invests in people, noting that the Human Capacity Development Program, one of the programs of the Kingdom's Vision 2030, has moved education from being a service sector to a sector that affects development and the economy, and with the efficiency of spending we will reach our goals. By spending efficiently, we will achieve our goals in the program, noting that 66% scholars are studying in the top 50 international universities, and 100,000 talented people have won 335 local, regional and international awards, and that the 2026 budget focused in the education sector on qualitative projects that provide a distinctive educational environment.<\/p>\n

The third session of the forum was titled \u201cPromising sectors according to government spending targets.\u201d It focused on promising sectors, especially tourism and sports, where Her Highness Princess Haifa bint Mohammed bin Saud bin Khalid, Deputy Minister of Tourism, pointed out during her participation that the volume of tourism spending reached 275 billion riyals, with the number of tourists exceeding 116 million tourists from home and abroad. The number of tourists exceeded more than 116 million tourists from home and abroad, and the percentage of European tourists increased this year to 14%, and the percentage of tourists from East Asia and the Pacific increased to 15%, in addition to the local tourist, which is a key element in the sustainable growth of the sector, and that the Kingdom aims to reach 150 million tourists in 2030.<\/p>\n

H.E. Badr Al-Qadi, Deputy Minister of Sports, pointed out that 70% of sports events in the Kingdom are managed by Saudi nationals, stressing the importance of private sector partnership in achieving the goals of the National Sports Strategy, indicating that the size of the sports market reached 32 billion riyals and is expected to reach 80 billion riyals in 2030.<\/p>\n

The fourth session reaffirmed that infrastructure spending has come to include the concepts of smart cities, integrated mobility and advanced logistics. His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, revealed that housing services have benefited more than 1.2 million beneficiaries until the end of 2025, and 50 thousand families were enabled to own housing through developmental housing and support 16 thousand beneficiaries unable to pay, while the Minister of Transport and Logistics Engineer Saleh Al-Jasser indicated that the transport and logistics sector is on a steady pace towards the goal of transforming the Kingdom into a global logistics center.<\/p>\n

\u00a0National Projects. Success stories<\/strong><\/span><\/p>\n

His Excellency the Governor of the General Authority for Military Industries, Eng. Ahmed Al-Ohali, reviewed the role of the budget in building a national industrial system capable of meeting 40.7% of military needs in 2024, thus consolidating industrial security and promoting economic growth, while His Excellency the Deputy Minister of Industry and Mineral Resources for Industrial Affairs, Eng. Khalil bin Selma, spoke about the success story of the industrial sector competitiveness program, indicating the sector's orientation towards raising its productive capacity to increase its contribution to the GDP.<\/p>\n

At the level of judicial services, H.E. Deputy Minister of Justice Dr. Najm Al-Zaid presented the story of digital transformation in judicial services and how the Ministry of Justice transferred judicial services from its traditional models to advanced digital services, which contributed to reducing visits, reducing reliance on paper and facilitating procedures for users inside and outside the Kingdom, while the President of the General Authority for Ports \u201cPorts\u201d Eng. Partnership and Empowerment\u201c about the increase in investments to more than 30 billion riyals since the launch of the vision and the increase in capacity to 50% in ports.<\/p>\n

The 2026 Budget Forum is an extension of the Ministry of Finance's efforts to consolidate transparency and enhance communication about the general budget trends, highlighting its role in enabling development, supporting promising sectors, stimulating private sector participation, enhancing the quality of life, consolidating the budget as a key tool in economic construction and raising the Kingdom's readiness to face global changes.<\/p>","protected":false},"excerpt":{"rendered":"

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