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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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Middle East VC funding jumps by 89%, Saudi Arabia seizes largest share
Riyadh - Sharikat Mubasher: Total venture capital (VC) funding in the Middle East surged to $3.4 billion in 2025, marking an 89% year-on-year (YoY) increase, according to the ‘2025 State of Venture Capital Emerging Venture Markets FY 2025’ report released by MAGNiTT.The region also posted the highest deal activity among emerging venture markets, with 581 deals, showing a 13% YoY rise.Saudi Arabia recorded the strongest growth among the region’s most active countries, with funding soaring 145% YoY to $1.72 billion, strengthening its role as a scale engine. The UAE secured the second-largest share of VC funding at $1.57 billion across 231 deals.Further, the Kingdom became MENA's most active market for the first time with 257 deals, marking a 45% YoY increase, driven by strong investment sentiment and government initiatives, notably Vision 2030.By sector, fintech remained the most-funded industry in the Middle East, attracting $1.04 billion across 152 deals, followed by the e-commerce industry, which raised $494 million in VC funding.Philip Bahoshy, CEO and Founder of MAGNiTT, commented: “Venture and broader private capital became more selective, and due diligence conversations have moved away from momentum towards fundamentals, scale, and clear paths to liquidity. In that environment, the Gulf Cooperation Council (GCC) region proved resilient and increasingly positioned itself as a destination for long-term capital. Throughout 2025, the region saw international investors from North America, Europe, and Asia continue to deepen their presence in the region across Private Capital. They were drawn by policy consistency, economic ambition, and sustained investment in infrastructure.”He further noted that VC funding in the MENA region totaled $3.8 billion across 688 deals, a 74% increase along with a 6% rise in deal flow.
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