HRH, the Saudi Crown Prince Muhammad bin Salman who is acting also as Deputy Prime Minister, and Chairman of the Council of Economic and Development Affairs, chaired the meeting held by the Council of Economic and Development Affairs at the Peace Palace in Jeddah.
During the meeting, the council reviewed several economic and development issues, including the offer submitted by the Ministry of Commerce, in conjunction with the Ministry of Environment, Water and Agriculture, and the Ministry of Economy and Planning regarding monitoring price levels for some products in the Kingdom’s markets.
The Crown Prince, Chairman of the Council of Economic and Development Affairs, stressed the need to take into account the neediest citizens in the face of international developments that increased the costs of some basic needs.
He stressed the important roles of ministries and government agencies related to monitoring international developments, including those related to supply chains, monitoring markets, product abundance, and price levels, protecting and encouraging fair competition, and combating and preventing monopolistic practices that affect legitimate competition or consumer interest.
The Council was also briefed on the presentation submitted by the Ministry of Health regarding the health developments related to the Corona pandemic (Covid 19), and the presentation included an update of the epidemiological situation after the decision to lift the precautionary and preventive measures related to the Corona pandemic, in addition to developments in the administration of vaccines, and the most prominent preparations for this year’s Hajj season ( 1443 AH) and the state of the epidemiological situation internationally.
The Council followed up on the periodic presentation submitted by the Ministry of Economy and Planning regarding the analysis of the opening of economic activities and the impact of the Corona Virus (Covid 19) pandemic.