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The city of Jeddah will host the 48th meeting of the Board of Trustees of the Arab Institute for Training and Statistical Research. This session will take place on October 4 -5, 2023, and will discuss common statistical issues with the aim of providing accurate data to support comprehensive economic and social development plans at the regional Arab level. This will be achieved by supporting the official statistical systems in Arab countries to fulfill their developmental duties at both national and regional levels in providing accurate data and indicators that contribute to enhancing opportunities for better developmental policy-making. The official heads of Arab statistical centers will participate in these meetings, with Saudi Arabia hosting this 48th session as a confirmation of its leading role in the Arab world and its commitment to enhancing Arab communication and joint work in all fields, especially in the field of Arab statistical work. This aims to exchange experiences among member countries and provide statistical data to support development plans. The agenda includes various activities aimed at enhancing the production and dissemination of accurate statistical data in accordance with international methodologies and standards. Additionally, there will be efforts to develop a strategic vision to improve the level of Arab statistical work, improve the technical and scientific capabilities of human resources in the official statistical agencies of Arab countries, exchange statistical knowledge and experiences to strengthen Arab solidarity and cooperation, and develop high-quality statistics production to drive development forward.

Saudi Arabia will host the 12th session of the Organization of Islamic Cooperation Statistical Commission (OIC-StatCom). The meetings of this session will be held in the city of Jeddah and will last for two consecutive days October 3-4, 2023. The meeting will be attended by the heads of official statistical centers in the countries of the Organization of Islamic Cooperation. This is the first time that the meetings of this commission are held outside the headquarters country (Turkey). Saudi Arabia's hosting of this session reflects its international status and its Arab and Islamic position, affirming its keenness to enhance communication and joint work among Islamic countries to provide statistical data for the support of development plans and exchange experiences among member countries. The 12th session of OIC-StatCom aims to develop the technical and scientific capabilities of statistical personnel in the official statistical agencies of member countries and exchange statistical knowledge and experiences to support the member countries in producing high-quality statistics, guided by specific objectives and principles in order to enhance solidarity and cooperation among Islamic countries. The agenda comprises of a number of activities meant to improve the production and dissemination of precise and updated statistical data in compliance with international standards and procedures. Additionally, efforts will be made to develop a strategic vision to improve the level of statistical systems, implement and monitor short, medium, and long-term plans to achieve this vision, and enhance the technical capabilities of national statistical agencies in Islamic countries.

Based on its role in developing the statistical sector, the General Authority for Statistics adopted the chain-linked methodology in the national accounts to calculate the real GDP. The publication of Q4, 2023 and the annual publication of the same year will be published using the new methodology instead of the previous methodology that was based on utilizing the fixed base year. Saudi Arabia is the first country in the Gulf and Arab regions and among the first G20 countries that implement the chain-linked methodology. This dynamic methodology is thought to be a useful tool for estimating the real growth rates of national accounts and for measuring economic growth rates using weights and prices from the prior year as a benchmark to provide measurements within adjacent time periods. It accurately reflects the current economic conditions of any country that employs it. Expert statisticians in the field of national accounts have pointed out that the chain-linked methodology takes into account the impact of price changes, flexibility in dealing with economic activities along with their continuous updating and accurately reflects economic changes. It also considers production structure and consumption patterns, allowing for clearer international comparisons. International statistical organizations and bodies concerned with national accounts systems urge countries worldwide to adopt the chain-linked methodology instead of the previous methodology that used a fixed base year for weights and prices, in order to accurately reflect real growth at the national level and monitor developments and achievements effectively. It is worth mentioning that the Gross Domestic Product publication is one of the releases issued by the General Authority for Statistics on a quarterly and annual basis to provide estimates of the GDP for the relevant period, expenditure components, measure the contribution of economic activities and various regulatory sectors, as well as provide modern annual economic indicators such as GDP growth rates, relative contributions of economic activities, and regulatory sectors to the GDP according to the latest international systems. It also includes many analytical tables highlighting the tracks of the national economy. National accounts publications also contribute to meeting the requirements of the Kingdom Vision 2030, regional requirements to understand the national economy, including the statistical center of the Gulf Cooperation Council, the Arab Monetary Fund, the League of Arab States, in addition to international requirements such as those of the World Bank, the International Monetary Fund, the Organization for Economic Cooperation and Development, and others. The General Authority for Statistics website provides more details about its statistical products.

Today, His Royal Highness Prince Dr. Faisal bin Mishal bin Saud bin Abdulaziz, Prince of Qassim Region, received in his office Dr. Fahad Al-Dossari, President of the General Authority for Statistics. His Royal Highness the Governor of Qassim praised the role played by the General Authority for Statistics as the only official statistical reference for implementing, supervising, and regulating the statistical work in the Kingdom of Saudi Arabia, as it provides statistical products in social, economic, and environmental fields to support policymakers and decision-makers in advancing the implementation of development plans.  The meeting included a review of the results of statistics and reports prepared by GASTAT in collaboration with all government entities and stakeholders in the region, providing accurate and comprehensive statistical data that cover all aspects of social, economic, and environmental dimensions in Qassim region.