Saudi Arabia’s Ministry of Economy and Planning (MEP) has signed a Memorandum of Understanding (MoU) with the Saudi Economic Association to accelerate research, training and data exchange amid a flurry of new agreements.
This innovative technique has the potential to reduce CO2 emissions of one of the most energy-intensive manufacturing processes in the chemical sector by 90% compared to commonly used methods by substituting electricity from renewable sources for natural gas.
Both parties will promote closer cooperation on economic research, capacity building, events and reports to share knowledge and advance joint goals on growth, diversification and Saudi Vision 2030 realization.
It lays the framework for closer coordination in key areas, such as promoting two-way data flows and cooperation on joint reports
His Excellency Suliman Alobaid, Assistant Minister of Economy and Planning signed the agreement with Dr Nourah Alyousef, Chair of the Board of the Saudi Economic Association.
It lays the framework for closer coordination in key areas, such as promoting two-way data flows and cooperation on joint reports. A wide range of events such as meetings, lectures, seminars and workshops will be organized. Training courses on economic research, analysis, monetary policy, planning and writing will also be held to boost training, re-skilling and up-skilling efforts nationwide.
The agreement will also strengthen economic cooperation, enhance monetary policymaking, and provide a new platform to welcome global speakers and experts to participate in conferences and events locally, regionally and internationally.
The Saudi Economic Association aims to facilitate the exchange of knowledge, economics, and social scientific studies among individuals, government entities and private-sector organizations. It also hosts events to discuss research and runs training courses to promote capacity building.
A wide range of events such as meetings, lectures, seminars and workshops will be organized
The agreement comes days after MEP and Saudi Arabia’s General Authority for Statistics signed an MoU to enhance the use of data in the development of economic policies. It came less than a week after MEP and the Saudi Data and AI Authority agreed to explore how artificial intelligence and data can boost policymaking and economic performance.
After signing three agreements in less than a fortnight, the MEP is moving fast to boost training and development and improve how data is used to shape policy and produce results that contribute to Kingdom’s social and economic goals.
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