Riyadh, December 5, 2024 – In a significant achievement that reflects Saudi Arabia's growing commitment to global standards of excellence, the Ministry of Economy and Planning has been awarded the prestigious four-star recognition for its Sustainable Performance Certificate by the European Foundation for Quality Management (EFQM). This award highlights the ministry’s dedication to fostering excellence, sustainability, and quality across its operations and initiatives.
The Ministry of Economy and Planning is the first entity in the Kingdom to achieve this distinguished four-star rating under the EFQM 2025 model, marking a milestone in Saudi Arabia’s journey toward enhanced institutional performance and international recognition. Notably, the ministry achieved this recognition on its first attempt, a remarkable feat that underscores its strategic foresight and the effectiveness of its leadership. The EFQM model, known for its rigorous standards, evaluates organizations based on a comprehensive range of criteria, including leadership, strategy, governance, and sustainability. The ministry’s success in meeting these demanding requirements on its initial application is a testament to its ongoing commitment to excellence in governance and management.
This four-star recognition further reinforces the Ministry of Economy and Planning’s role in advancing the country’s economic transformation under Vision 2030. The achievement demonstrates the ministry's ability to implement global best practices, enhance organizational efficiency, and drive sustainability within its programs and policies. As part of its strategic vision, the ministry has prioritized integrating sustainable practices that not only contribute to the Kingdom's growth but also align with the broader global agenda for a sustainable future.
During the announcement of the award, EFQM Chief Executive Russell Longmuir commended the ministry’s ambitious strategic vision, transformational leadership, and organizational agility, all of which were key factors in securing this prestigious accolade. According to Longmuir, the ministry’s ability to navigate complex challenges while adhering to the highest standards of excellence is a model for other institutions to follow.
This recognition is not only a proud achievement for the Ministry of Economy and Planning but also a significant moment for Saudi Arabia as a whole, signaling the country's commitment to becoming a global leader in sustainable economic development and public sector performance. The award is a step forward in ensuring that Saudi Arabia continues to play a meaningful role in the global economy, contributing to the well-being of its citizens and the international community through sustainable and forward-thinking practices.