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KSA to use KPIs for economic performance

Saudi Arabia is set to launch a new platform to measure its economic KPIs
Saudi Arabia is set to launch a new platform to measure its economic KPIs

Saudi Arabia has launched a unique tool for measuring the country’s performance trajectory across a range of KPIs in relation to other nations.

The International Performance Hub (IPH) – an interactive platform designed to track over 500 KPIs under 12 main pillars that enables comparison for over 200 countries – compiles metrics from prominent international bodies, including the World Bank and the Organisation for Economic Co-operation and Development (OECD).

Developed by The National Centre for Performance Measurement (Adaa) the IPH represents an effort to encourage countries to use technology and performance data to track their progress as they work to achieve development goals, and was launched at the World Economic Forum in Davos.

IPH aims to promote integrity, accountability and transparency in the public sector and beyond.

IPH also seeks to provide a credible and ‘outside-in’ perspective on the Kingdom’s evolution with key quantifiable indicators across the socio-economic spectrum – comparing progress at every stage to other countries and peer-groups around the world.

Adaa director general Husameddin AlMadani, said, “Saudi Arabia is undertaking a major multi-year transformation. The ambitious Vision 2030 programme touches upon nearly every aspect of the country’s performance and looks to make significant progress on the entire socio-economic frontier. As the nation pursues a long list of objectives in its transformation, comparing the country’s performance progression against the backdrop of international best practices is crucial.”

Economist Jacques Attali, president of Positive Planet and the Positive Economy Forum, a data and knowledge partner of the IPH, said, “The International Performance Hub announces a much-needed tool to foster transparent and positive governance through shared knowledge about the impact of public policies. Its launch in Davos is a very promising beginning, and an opportunity to make it a truly global and collaborative ambition.”

The final launch of the International Performance hub is due for late-2018.

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