Saudi Digital Government Authority Launches Regulatory Sandbox

Launching ceremony of the Saudi Digital Government Authority regulatory sandbox (SPA)
Launching ceremony of the Saudi Digital Government Authority regulatory sandbox (SPA)
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Saudi Digital Government Authority Launches Regulatory Sandbox

Launching ceremony of the Saudi Digital Government Authority regulatory sandbox (SPA)
Launching ceremony of the Saudi Digital Government Authority regulatory sandbox (SPA)

The Saudi Digital Government Authority (DGA) has launched the regulatory sandbox for government technology companies to enhance digital government services in the Kingdom.

The initiative aims to prepare the necessary regulations to improve the business environment, address the challenges facing companies and institutions in digital government services, and improve the beneficiary’s experience.

The inauguration ceremony took place in Riyadh on Monday, in the presence of DGA Governor Ahmed al-Suwayan and leaders of the digital government transformation in Saudi Arabia.

The ceremony included signing cooperation agreements and partnerships between DGA and several government technical companies to develop the regulatory strategy at several stages.

The first stage concluded a partnership with government companies, and the second phase launched the pilot regulatory sandbox, including studying receiving proposals, and evaluating and testing services.

The final phase will begin within 6 to 12 months with approving regulations and issuing licenses.

Suwayan explained that the initiative aims to find regulatory solutions for digital platforms and services to overcome several challenges such as regulating intellectual property rights, data sharing mechanisms, and lack of harmonization.

He pointed out that DGA’s endeavor to govern the regulatory sandbox in an integrated and systematic manner contributes to raising the efficiency and quality of digital platforms, harmonizing government procedures, and strengthening the partnership between the government and private sector.

Suwayan indicated that DGA aims to reach an attractive environment for investment in digital government services and create opportunities for innovation and creativity.

The authority also wants to empower the private sector as a partner in the development process of the digital government transformation and build distinguished national capabilities capable of achieving digital leadership in line with the objectives of Vision 2030.



Morocco Central Bank Cuts Benchmark Interest Rate to 2.5%

The central bank said the decision was consistent with the inflation outlook. Photo: X
The central bank said the decision was consistent with the inflation outlook. Photo: X
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Morocco Central Bank Cuts Benchmark Interest Rate to 2.5%

The central bank said the decision was consistent with the inflation outlook. Photo: X
The central bank said the decision was consistent with the inflation outlook. Photo: X

Morocco’s central bank cut the benchmark interest rate by 25 bps to 2.5% on Tuesday, saying the decision was consistent with the inflation outlook.

Inflation would average 1% in 2024, easing from 6.1% last year, before picking up to 2.4% in 2025, the bank said in a statement following its quarterly board meeting.

The bank expects the economy to grow by 2.4% this year, down from 3.4% in 2023, as drought continues to weigh on the farming sector, it said.