Ministry of Economy and Planning (Saudi Arabia)
| Ministerial Department overview | |
|---|---|
| Formed | 2003 |
| Jurisdiction | Saudi Arabia |
| Headquarters | Riyadh |
| Minister responsible |
|
| Website | http://www.mep.gov.sa/en/ |
The MEP functions as a central point among the various ministries and government agencies with respect to streamlining collective efforts towards unified socioeconomic goals. In this vein, the MEP offers services directly to other government entities – in addition, to internal government employees- that subsequently provide services to the public. In effect, the MEP serves as a collaborative facilitator to achieve national priorities.
In line with the Kingdom’s historical economic and planning trajectory, which spans over 40 years, the MEP continues to align all government agencies’ work in a coordinated manner in order to achieve the priorities of our policy makers, and ultimately, ensure the country’s sustained socioeconomic development.
History
Ministry of Economy and Planning established in1423 Hijri / 2003 CE
Ministry Role
- Strategically advance the Kingdom’s vision for long term development, based on insights on domestic and international economic trends.
- Facilitate private sector engagement in achieving the Kingdom’s socioeconomic development goals, in close collaboration with other ministries, relevant entities, and businesses.
- Actively support other ministries and government agencies to achieve their strategic objectives, by offering to collaborate, technically advise, provide research, etc.
- Contribute to drafting economic policies and implementing programs that will serve achieving national priorities and objectives.
- Comprehensively prepare the quinquennial national development plans, as well as evaluate their implementation in order to measure their effectiveness and impact.
- In close coordination with the Ministry of Finance, estimate the necessary budget allocations required to implement plan directives and national priorities.
- Conduct vital economic studies and publish periodic reports, in addition to providing recommendations to relevant entities based on research outcomes.
Ministry Objectives
| Leadership and effectiveness in
planning and developing economic and development programs |
Enhancing partnerships with related
parties |
Enabling public entities in the field of
planning and implementation |
Corporate Excellence |
| Designing and implementing
methodology for leadership in planning and implementing social and economic development. Efficiency and pro-activity in developing economic programs designed to achieve competitiveness and leadership for the national economy. |
Establishing and implementing an
approach to strengthening partnerships with public agencies, private sector and other related parties. The goal is to coordinate efforts to formulate and achieve development objectives, plans and strategies, to ensure efficiency in implementation and performance. |
Developing the planning and
implementation capacities of public entities, to facilitate their roles in formulating and implementing plans and strategies. |
Achieving excellence in the
ministry's performance, capacity building and development of employees, so they can master their role and carry out their functions effectively and efficiently, matching their peers internationally. |
Deputy Ministries
The Ministry of Economy and Planning is structured with the Minister leading five areas:
- Planning Affairs.
- Economic Affairs.
- Sectoral Development Affairs.
- Human Development & Community Affairs.
- Shared Support Services.
Ministers of Economy and Planning
- Khalid bin Mohammed Al Gosaibi (April 2003 - December 2011)
- Mohammad bin Suliman Al Jasser (December 2011 - April 2015)
- Adel bin Mohammed Fakeih (April 2015 - present)
References
http://www.mep.gov.sa/ministry-releases/
