Saudi Arabia’s Digital Experience Maturity Index Rise to 85%

The Saudi capital, Riyadh (Asharq Al-Awsat)
The Saudi capital, Riyadh (Asharq Al-Awsat)
TT

Saudi Arabia’s Digital Experience Maturity Index Rise to 85%

The Saudi capital, Riyadh (Asharq Al-Awsat)
The Saudi capital, Riyadh (Asharq Al-Awsat)

The Digital Government Authority (DGA) announced the results of the Digital Experience Maturity Index 2024, where the index achieved a rate of (85.04%) at an “advanced” level. The Index included the evaluation of 39 digital platforms according to four main perspectives, which include 20 themes.
The perspectives included measuring beneficiary satisfaction by involving over 175,000 beneficiaries in assessing their digital experience. This also encompassed evaluating user experience, the mechanisms for handling complaints on digital platforms, and the technologies and tools that support these platforms.
Eng. Ahmed Alsuwaiyan, the Governor of the Digital Government Authority, explained that the Digital Experience Maturity Index aims to enhance beneficiary satisfaction, improve digital experiences, and strengthen engagement in alignment with international standards and best practices. The index also meets the strategic directions of the digital government, by supporting the achievement of its goals, improving the Kingdom’s standing in global indicators, and accelerating the pace of digital transformation.
He emphasized that the continuous rise in the index results reflects the significant efforts of government agencies in developing their digital platforms and services. Their ongoing contributions are instrumental in improving the quality of life, facilitating business operations, enhancing competitiveness, and increasing the efficiency of government functions, he stated.

The index increased by 4.36 percent compared to the previous cycle, and 39 platforms were included in the current year, compared to 24 platforms in 2023. More than 175,000 respondents participated in evaluating the platforms for this cycle, exceeding the number of participants in the previous cycle, which reached 134,000.

 

 

 



SAMA’s Reserve Assets Rise to $467.7 Billion

The headquarters of SAMA (Asharq Al-Awsat)
The headquarters of SAMA (Asharq Al-Awsat)
TT

SAMA’s Reserve Assets Rise to $467.7 Billion

The headquarters of SAMA (Asharq Al-Awsat)
The headquarters of SAMA (Asharq Al-Awsat)

The Saudi Central Bank (SAMA) reported an annual growth rate of 5.5 percent in its reserve assets, with an increase of approximately SAR 92.049 billion ($24.5 billion).
The growth brought the total reserve assets to SAR 1.754 trillion ($467.7 billion) by the end of the second quarter of the current year, compared to SAR 1.662 trillion ($443.2 billion) during the same period last year.
According to the Saudi Central Bank’s latest monthly statistical bulletin, reserve assets reached their highest levels at the end of June. On a quarterly basis, reserve assets grew by 2.7 percent, an increase of approximately SAR 46.724 billion, compared to the first quarter, which stood at SAR 1.707 trillion. On a monthly basis, the reserve assets grew by 0.1 percent, with an increase of about SAR 1.146 billion.
Reserve assets have seen a 6.6 percent increase from the beginning of the year until the end of June.
Reserve assets are composed of five main components. The largest of these is "Investments in Securities Abroad," which constitutes approximately 58 percent of the total, amounting to around SAR 1.016 trillion at the end of the second quarter of 2024.
The second largest component is "Foreign Exchange and Deposits Abroad," which represents about 37 percent of the total, amounting to approximately SAR 646.3 billion.
The third component, "Special Drawing Rights," accounts for around 4 percent of the total, amounting to SAR 77.2 billion.
The fourth item is the "Reserve Position with the International Monetary Fund," which totals SAR 13.3 billion.
Finally, "Monetary Gold" makes up the fifth component, with a value of approximately SAR 1.624 billion.