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.
< 1 min
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
Saudi Arabia ranked first among countries for the non-oil exports of national origin with BD201 million (22%)
2 min
Bahrain’s non-oil exports of national origin decreased by 6% to BD894 million ($2.37 billion) in Q2 2024 compared to the same period in 2023. The top 10 countries accounted for 64% of the total export value.
According to the Information & eGovernment Authority (iGA) in its Q2 2024 Foreign Trade report, Saudi Arabia was the leading destination for these exports, totaling BD201 million (22%). The US followed with BD75 million (8.4%), and the UAE with BD73 million (8.2%).
Unwrought aluminum alloys were the top exported product in Q2 2024, amounting to BD267 million (30%), followed by agglomerated iron ores and concentrates alloyed at BD159 million (18%) and non-alloyed aluminum wire at BD49 million (5%).
Non-oil re-exports
Non-oil re-exports increased by 4% to reach BD206 million during Q2 2024, compared to BD198 million for same quarter in 2023. The top 10 countries accounted for 86% of the re-exported value. The UAE ranked first with BD58 million (28%) followed by Saudi Arabia with BD39 million (19%) and UK with BD17 million (8%).
As per the report, turbo-jets worth BD65 million (32%) were the top product re-exported from Bahrain, followed by private cars with BD11 million (5%) and four-wheel drive with BD9 million (4%).
The value of non-oil imports has decreased by 4% reaching to BD1.41 billion in Q2 2024 in comparison with BD1.47 billion for same quarter in 2023. The top 10 countries for imports recorded 68% of the total value of imports.
China Bahrain’s biggest importer
China ranked first for imports to Bahrain, with a total of BD191 million (14%), followed by Brazil with BD157 million (11%) and Australia with BD112 million (8%).
Non-agglomerated iron ores and concentrates were the top product imported to Bahrain worth BD200 million (14%), followed by other aluminum oxide with BD101 million (7%) and parts for aircraft engines with BD41 million (3%).
As for the trade balance, which represents the difference between exports and imports, the deficit logged was BD310 million in Q2 2024 compared to BD322 million in Q2 2023.
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
