Concept of Open Data

Open data refers to government information that is made freely available online and can be used, reused, or shared without restrictions. The Ministry of Economy provides this data as part of its efforts to support scientific research, develop the private sector, and achieve digital transformation in the country.

General Framework of Open Data at the Ministry of Economy

Open data plays an important role in enhancing the effective use of economic information, with notable benefits that include:

• The open data provided by the Ministry of Economy includes several key economic areas, such as:
• Foreign Trade Data:* Related to trade volume, imports, exports, and re-exports.
• Foreign Direct Investment Data:* Includes FDI flows  and their percentage in the  GDP.
• Company Registration and Economic Activity Data:* Related to the number of registered companies, types of licenses, and active economic sectors.
• Competitiveness and Innovation Data:* Discusses the country's ranking in global economic indicators and the performance of various sectors.
• Intellectual Property and Trademark Data:* Includes the registration of patents, intellectual property rights, and registered trademarks.

Benefits of Open Data

Open data plays an important role in enhancing the effective use of economic information, with notable benefits that include:

• Collaboration with the Federal Competitiveness and Statistics Center to ensure compliance with national standards and achieve the highest levels of accuracy and transparency.
• Classifying and sorting data according to global standards (Meta Data – Data Set – Data Dictionary) to ensure easy access and analysis.
• Analyzing the maturity and development of data to enhance its efficiency and improve its quality to serve various beneficiary groups.
• Enabling the private sector and researchers to use data to support economic development, project development, and stimulate entrepreneurship.

The Ministry of Economy's Journey in Developing Open Data

The Ministry of Economy has adopted a gradual approach to developing and improving open data in line with global best practices. These efforts aim to support the country's position in global indicators related to transparency, competitiveness, and innovation. The easy access to accurate and updated economic data contributes to enhancing the business environment, supporting data-driven decision-making, and providing valuable information to investors and entrepreneurs.

Importance of Open Data

Open data is one of the key pillars supporting sustainable economic development policies, contributing to:

•  Enhancing transparency and investor confidence by providing clear information about economic and investment activities.
• Stimulating economic growth and attracting investments by enabling stakeholders to access data that contributes to informed decision-making.
• Encouraging innovation and entrepreneurship by providing data that helps startups develop new solutions and innovative services.
• Enhancing the country’s global competitiveness by supporting economic performance indicators and developing a knowledge-based, analytical business environment.

Open Data Publication Plan