2005 News Story

Shura Council discusses Eighth Plan (2005-09)

At its regular session today, the Consultative Council (Majlis Al-Shura) discussed the Eighth Five-Year Development Plan (2005-09), which continues and affirms the Kingdom’s progress and its pursuit of a policy of a free economy based on the principles of Islam.

In a press statement following the session, the Council's Secretary-General Dr. Salih bin Abdullah Al-Malik commented that the current plan is in effect the first stage of an overall strategy for the national economy covering the next 20 years. The guidelines, he said, have been followed not only in the public sector, but also in the private sector, where they are non-binding.