Saudi Arabia Launches ‘Data Saudi’ Platform for Enhanced Transparency
In an expressive move to increase transparency, Saudi Arabia’s Minister of Economy and Planning, Faisal Al Ibrahim, inaugurated the “Data Saudi” platform at the LEAP 2024 event.
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The announcement was made at the Digital Saudi pavilion, attended by thousands of representatives and experts from over 180 countries, showcasing the global interest in Saudi Arabia’s digital transformation efforts.
Enhancements and Features of the Platform
Since its initial trial phase in September 2023, the Data Saudi platform, supervised by the Ministry of Economy and Planning (mep.gov.sa), has continuously evolved, incorporating new features and enhancements. Aimed at being the central repository for the Kingdom’s economic and social data, the platform is designed to improve data accessibility and transparency. It aligns with Saudi Vision 2030‘s objectives by offering vital indicators and analytical tools. These tools allow for an in-depth analysis of the Saudi economy and social sectors across different regions through visual and interactive means, facilitating a deeper understanding for users.
The Data Saudi platform includes a wide array of economic indicators like the international trade balance, workers’ remittances, and capital and current account balances. It also provides social indicators such as population density, birth rates, and a comprehensive population pyramid, making it a valuable resource for insights into the Kingdom’s socioeconomic landscape.
Furthermore, the Ministry of Economy and Planning’s efforts were recognized at LEAP 2024, where it received the National Enterprise Architecture Accreditation Certificate from Eng. Ahmed Alsuwaiyan, Governor of the Digital Government Authority. This accolade highlights the ministry’s adherence to national standards for enterprise architecture maturity and marks a pivotal step in the government sector’s digital transformation journey.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Employment grew for the 16th consecutive month as companies expanded.
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According to a recent PMI report, Qatar experienced its fastest non-energy sector growth in almost two years in June, driven by surges in both existing and new business activities.
The Purchasing Managers’ Index (PMI) headline figure for Qatar reached 55.9 in June, up from 53.6 in May, with anything above 50.0 indicating growth in business activity. Employment also grew for the 16th month in a row, and the country’s 12-month outlook remained robust.
The inflationary pressures were muted, with input prices rising only slightly since May, while prices charged for goods and services fell, according to the Qatar Financial Centre (QFC) report.
This headline figure marked the strongest improvement in business conditions in the non-energy private sector since July 2022 and was above the long-term trend.
The report noted that new incoming work expanded at the fastest rate in 13 months, with significant growth in manufacturing and construction and sharp growth in other sectors. Despite the rising demand for goods and services, companies managed to further reduce the volume of outstanding work in June.
Companies attributed positive forecasts to new branch openings, acquiring new customers, and marketing campaigns. Prices for goods and services fell for the sixth time in the past eight months as firms offered discounts to boost competitiveness and attract new customers.
Qatari financial services companies also recorded further strengthening in growth, with the Financial Services Business Activity and New Business Indexes reaching 13- and nine-month highs of 61.1 and 59.2, respectively. These levels were above the long-term trend since 2017.
Yousuf Mohamed Al-Jaida, QFC CEO, said the June PMI index was higher than in all pre-pandemic months except for October 2017, which was 56.3. “Growth has now accelerated five times in the first half of 2024 as the non-energy economy has rebounded from a moderation in the second half of 2023,” he said.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
