International Performance Hub aims to promote economic integrity, accountability and transparency
Saudi Arabia will launch a new data tool later this year to accurately measure the impact of its Vision 2030 transformation program.
The International Performance Hub (IPH) – an interactive platform designed to track over 500 key performance indicators 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, the IPH aims to promote integrity, accountability and transparency in the public sector and beyond, a statement said.
IPH also seeks to provide a credible perspective on the kingdom's evolution along key quantifiable indicators across the socio-economic spectrum – comparing progress at every stage to other countries and peer-groups around the world.
Crown Prince Mohammed bin Salman in 2016 unveiled his Vision 2030 programme of economic and social reforms for a post-oil era and has recently announced a host of multi-billion-dollar mega projects, including a futuristic megacity with robots and driverless cars.
Husameddin AlMadani, director general of the National Centre for Performance Measurement said: "Saudi Arabia is undertaking a major multi-year transformation. The ambitious Vision 2030 program 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."
The IPH, which was unveiled at the World Economic Forum in Davos, Switzerland on Tuesday, will be officially launched later this year.