Council of Economic and Development Affairs (Saudi Arabia)
The Council of Economic and Development Affairs in Saudi Arabia is a group of important people who work together to make decisions about the country's economy and development. Just like how your parents make decisions about things at home, like what to do with the money or how to make the house better, these important people do the same but for the whole country.
The council is led by the Crown Prince of Saudi Arabia, who is like the leader of the country. He is helped by other important people, like ministers and experts in different fields, such as finance, industry, and energy.
These people meet regularly to discuss important issues and make plans for improving the economy and developing different sectors of the country. They look at things like how much money the country has, what industries are doing well, and how to make life better for the people.
One of the main goals of the Council of Economic and Development Affairs is to reduce Saudi Arabia's dependence on oil. Oil is a very valuable natural resource that the country has a lot of, and it has been the main source of income for a long time. But the council knows that it's important to have a diversified economy, meaning that the country shouldn't rely only on one thing for money.
So, they come up with plans to support and develop other industries in the country, like tourism, technology, and manufacturing. They want to create more jobs for the people and make sure they have a strong and stable economy for the future.
The council also looks at ways to improve people's lives in Saudi Arabia. They think about how to provide better healthcare, education, and infrastructure, which means things like roads, buildings, and utilities (water, electricity, etc.). They want to make sure that everyone in the country has access to these important things and can live a good life.
In summary, the Council of Economic and Development Affairs in Saudi Arabia is a group of important people led by the Crown Prince that makes decisions about the country's economy and development. They want to reduce dependence on oil, develop other industries, create jobs, and improve people's lives.
The council is led by the Crown Prince of Saudi Arabia, who is like the leader of the country. He is helped by other important people, like ministers and experts in different fields, such as finance, industry, and energy.
These people meet regularly to discuss important issues and make plans for improving the economy and developing different sectors of the country. They look at things like how much money the country has, what industries are doing well, and how to make life better for the people.
One of the main goals of the Council of Economic and Development Affairs is to reduce Saudi Arabia's dependence on oil. Oil is a very valuable natural resource that the country has a lot of, and it has been the main source of income for a long time. But the council knows that it's important to have a diversified economy, meaning that the country shouldn't rely only on one thing for money.
So, they come up with plans to support and develop other industries in the country, like tourism, technology, and manufacturing. They want to create more jobs for the people and make sure they have a strong and stable economy for the future.
The council also looks at ways to improve people's lives in Saudi Arabia. They think about how to provide better healthcare, education, and infrastructure, which means things like roads, buildings, and utilities (water, electricity, etc.). They want to make sure that everyone in the country has access to these important things and can live a good life.
In summary, the Council of Economic and Development Affairs in Saudi Arabia is a group of important people led by the Crown Prince that makes decisions about the country's economy and development. They want to reduce dependence on oil, develop other industries, create jobs, and improve people's lives.