Saudi Arabia launches Digital Transformation Index 2024 amid e-government growth

The initiative intends to improve the quality of e-government services. Shutterstock.
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Updated 26 March 2024
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Saudi Arabia launches Digital Transformation Index 2024 amid e-government growth

RIYADH: The latest edition of a framework designed to enhance e-government services and accelerate digital innovation in Saudi Arabia has been launched.

The Digital Transformation Index for 2024 seeks to elevate the commitment levels of the public sector to decisions and directives concerning technological evolution. 

Additionally, it aims to improve the quality of e-government services offered to beneficiaries and contribute to the Kingdom’s international leadership in this field, as reported by the Saudi Press Agency. 

The 2024 index was unveiled during a virtual workshop organized by tje Saudi Digital Government Authority that brought together over 2,000 specialists from 233 government entities, as reported by SPA.  

The topics covered included refining measurement methodologies, significant revisions to the Digital Transformation Core Criteria document, sharing success stories from DTI 2023, and outlining the roadmap for the ongoing cycle.  

The document has undergone revisions, now comprising 96 standards, down from the 125 featured in the previous year’s version.  

In 2023, a total of 226 government entities participated in the index, collectively achieving a progress rate of 85.53 percent. 

Furthermore, 88 such bodies successfully advanced to the innovation and integration stages.  

In the 2022 index, government agencies advanced by 80.96 percent, compared to 69.39 percent in 2021.  

Ahmed Mohammed Al-Suwaiyan, governor and board member of the Digital Government Authority, highlighted that the DTI serves as a crucial technological empowerment tool for the transformation journey.   

He underscored that it reinforces the strategic objectives of e-governance in the Kingdom, aligning seamlessly with the targets outlined in Vision 2030, which aims for Saudi Arabia to emerge as a premier global leader in digital administration.  

Al-Suwaiyan explained that the DTI seeks to fulfill the requisites of digitization, develop e-governance, and enhance the performance and effectiveness of government entities.  

According to the governor, this initiative accelerates the pace of digitalization in the Kingdom, enhances beneficiary satisfaction, and improves quality of life.  

Saudi Arabia has been actively pursuing innovative initiatives to modernize its infrastructure and enhance its technological capabilities.  

The Kingdom inaugurated the Industrial Artificial Intelligence Academy in February, in partnership with the Saudi Data and Artificial Intelligence Authority and US-based tech firm NVIDIA.  

The academy highlights the significance of cultivating skilled national talents to compete on a global scale.  

Its objective is to equip a generation proficient in utilizing industrial AI to revolutionize intelligent environments and processes, while also promoting partnerships with top technical organizations to pioneer cutting-edge technologies.  

Saudi Arabia ranked first in the Government Electronic and Mobile Services Maturity Index for 2023, issued by the UN Economic and Social Commission for Western Asia, maintaining its lead for the second consecutive time with a high maturity score of 93 percent in the overall index result, according to the authority.  

The GEMS Index categorizes 17 countries annually based on the advancement of 84 key government services offered to both individuals and businesses through online portals and smart applications, utilizing three sub-indicators.  

Saudi Arabia has achieved distinction by securing the top position across all categories, accompanied by significant progress in each indicator.


Closing Bell: Saudi equities continue 4-day upward trend 

Updated 14 January 2026
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Closing Bell: Saudi equities continue 4-day upward trend 

RIYADH: Saudi equities closed higher on Wednesday, with the Tadawul All Share Index rising 51.52 points, or 0.47 percent, to finish at 10,945.15. 

Trading activity was robust, with 373.9 million shares exchanged and total turnover reaching SR6.81 billion. 

The MT30 Index also ended the session in positive territory, advancing 11.93 points, or 0.82 percent, to 1,472.82, while the Nomu Parallel Market Index declined 116.82 points, or 0.49 percent, to 23,551.47, reflecting continued volatility in the parallel market.

The main market saw 90 gainers against 171 decliners, indicating selective buying. 

On the upside, Al Kathiri Holding Co. led gainers, closing at SR2.18, up SR0.12, or 5.83 percent. Wafrah for Industry and Development Co. advanced to SR23, gaining SR0.99, or 4.5 percent, while Al Ramz Real Estate Co. rose 4.35 percent to close at SR60.

SABIC Agri-Nutrients Co. added 4.21 percent to SR118.70, and Al Jouf Agricultural Development Co. climbed 4.12 percent to SR45. 

Meanwhile, losses were led by Saudi Industrial Export Co., which fell 9.73 percent to SR2.69. United Cooperative Assurance Co. declined 5.08 percent to SR3.74, while Thimar Development Holding Co. dropped 4.54 percent to SR35.30.  

Abdullah Saad Mohammed Abo Moati for Bookstores Co. retreated 4.15 percent to SR48.50, and Gulf Union Alahlia Cooperative Insurance Co. slipped 3.96 percent to SR10.44. 

On the announcement front, Saudi National Bank announced its intention to issue US dollar-denominated Additional Tier 1 capital notes under its existing international capital programe, with the final size and terms to be determined subject to market conditions and regulatory approvals.  

The planned issuance aims to strengthen Tier 1 capital and support the bank’s broader financial and strategic objectives.  

The stock closed at SR42.70, gaining SR0.70, or 1.67 percent, reflecting positive investor reaction to the capital management move. 

Separately, Almasane Alkobra Mining Co. said its board approved the establishment of a wholly owned simplified joint stock company to provide drilling, exploration and related support services, with a share capital of SR100 million and headquarters in Najran, subject to regulatory approvals.  

The new subsidiary aligns with the company’s strategy to enhance operational efficiency and expand its role in the Kingdom’s mining sector.

Shares of Almasane Alkobra Mining closed at SR98.70, up SR0.30, or 0.3 percent, by the end of the session.