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  2. Kingdom strengthens national data systems, climbs 22 places in global ranking

Kingdom strengthens national data systems, climbs 22 places in global ranking

GHADA.ISMAIL
Apr 28, 2025
Faisal Al-Ibrahim stresses importance of data transparency and innovation in accelerating economic and social reforms

Riyadh – Sharikat Mubasher: Faisal Al-Ibrahim, Saudi Arabia’s Minister of Economy and Planning and Chairman of the General Authority for Statistics, emphasized the vital role of transparency in supporting evidence-based decision-making.

Speaking at the first Saudi Statistics Forum on Sunday, held as the Kingdom marks 65 years of official statistical work, Al-Ibrahim noted that the need for accurate data has become even more pressing amid global challenges and crises.

He highlighted the progress of Saudi Arabia’s statistical sector, which has evolved over six decades to reach a new level of maturity, marked by improved data quality and statistical precision.

Thanks to strong government backing, Saudi Arabia now ranks first among Arab countries in the Statistical Performance Index, climbing 22 places globally in 2023. Al-Ibrahim said this achievement reflects the Kingdom's commitment to advancing the quality and reliability of its economic, social, and environmental indicators, making its data a trusted resource for policymakers.

He underlined the government’s ongoing efforts to further develop data platforms, boost digital transformation, and leverage administrative data, artificial intelligence, and modern technologies to improve efficiency, indicator accuracy, and access to information.

Al-Ibrahim also noted that Saudi Arabia is increasingly emerging as a global platform to showcase its statistical achievements and share its success stories with the international community, contributing to faster development and a greater positive impact both locally and internationally.

The minister added that Saudi Arabia is making steady progress toward the goals of Vision 2030, achieving qualitative milestones while building influential institutions and sustainable capabilities.

He concluded by announcing that Saudi Arabia, represented by the General Authority for Statistics, will host the Sixth United Nations World Data Forum in Riyadh in November 2026. This milestone, he said, reflects the Kingdom’s growing leadership in the field of statistics and its commitment to aligning with global economic transformations while playing a central role in shaping future international dialogues.

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ECC to open its first $13.3mn factory in Saudi Arabia in August
Egyptian Company for Cosmetics (ECC), a leading cosmetics developer and manufacturer, plans to open its first factory in Saudi Arabia, worth SAR 50 million (around $13.3 million), next August.The factory, designed to manufacture cosmetics and personal care products, will be established in partnership with Lorax Capital, Mohammed Salah, CEO and Founder of EEC, stated in an interview with Asharq Business.EEC is considering listing its shares on Tadawul within the next three years to enhance its growth and regional expansion.Additionally, the company plans to invest over EGP 2 billion (nearly $40 million) in the Egyptian market over the next three years, as part of its investment strategy, which includes establishing a new packaging factory and another for dietary supplements.Salah revealed that EEC is set to invest EGP 750 million in the local market in 2026, representing a 50% increase from EGP 500 million in 2025.ECC provides world-class services, focusing on personal care, cosmetics, and cosmeceutical markets. It uses proven formulas with the finest active ingredients to deliver exceptional solutions for its clients.
Almosafer expands its presence with new branch in Jazan
Riyadh – Sharikat Mubasher: Saudi travel platform Almosafer announced the opening of a new branch in Jazan, further expanding its retail footprint across the Kingdom as it seeks to bring its travel services closer to customers.The new outlet will provide travelers with access to booking services, holiday planning, and personalized travel support. The company said the opening reflects its commitment to enhancing customer accessibility and strengthening its nationwide network of physical branches.Almosafer is the travel platform of Seera Group and one of the Middle East’s leading travel brands. The company serves consumers, businesses, government entities, and inbound tourism segments through a broad range of services, including flight and hotel bookings, holiday packages, corporate travel management, destination management services, and Hajj and Umrah offerings.Through its digital platforms, mobile applications, WhatsApp channels, call centers, and retail branches, Almosafer provides access to more than 1.5 million accommodation options worldwide and partnerships with over 450 airlines. 
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