Riyadh: As part of the partnership between the Kingdom of Saudi Arabia, represented by the National Competitiveness Center, and the World Bank Group, the Knowledge Hub (K-Hub) organized today in Riyadh a workshop titled 'The Gulf Economic Update (GEU).'
According to Saudi Press Agency, the workshop aimed to enhance the use of digital transformation to improve productivity and build a sustainable and resilient economy. It was attended by 44 officials from 16 government entities, in addition to experts from the World Bank Group.
The workshop featured a review of the key findings of the latest GEU report, titled 'The Gulf's Digital Transformation - A Powerful Engine for Economic Diversification.' Discussions addressed the path forward for economic diversification in Saudi Arabia and the wider Gulf Cooperation Council (GCC) region, and explored how digital transformation can be further leveraged to enhance productivity, create jobs, and support sustainable and resilient economic growth, in line with the objectives of Saudi Vision 2030.
Participants included officials and experts from government entities concerned with economic diversification and digital transformation in the Kingdom.
The Knowledge Hub is a partnership initiative between the Kingdom of Saudi Arabia, represented by the National Competitiveness Center, and the World Bank Group. Its establishment followed the World Bank's designation of Saudi Arabia as a global reference point for knowledge and the dissemination of economic reform culture, stemming from the Kingdom's pioneering experience in implementing transformative economic reforms that now serve as a replicable model for countries worldwide seeking to enhance their competitiveness.