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Statistics Center-Abu Dhabi (SCAD) has signed an agreement with Network International, which is a leading enabler of digital commerce in the Middle East and Africa as part of the SCAD development strategy
Forecast the economy by analyzing consumer spending data of residents and tourists. The cooperation between the two parties involves the use of Network International’s powerful technological infrastructure to provide information on consumer spending in Abu Dhabi, which will improve the emirate’s competitiveness and will provide a clearer picture of the local economic situation, including payments and economic performance.
His Excellency Ahmed Mahmoud Fikri, Director General of SCAD said: “In view of the rapid economic changes that are taking place, it is necessary to establish leading partnerships and find accurate and modern data sources, which will help forecast and plan decisions that are conducive to economic development. Development.” Your Excellency also emphasized that SCAD is keen to establish these partnerships to strengthen the field of statistics and data, which is regarded as an important national asset of our time and a driving force for the future development and competitiveness of the Abu Dhabi government. “
Fikri explained that through this collaboration, SCAD will use these technologies and modern statistical and analytical models to generate information in a timely and regular manner. For example, it is possible to generate monthly data and analyze the expenditures of different population groups in any region, market or sector, and any commodity. In addition, any changes in spending patterns in a given data can be easily tracked, which will provide additional information and analysis that will enable SCAD to gain valuable insights into the future.
He pointed out that the agreement establishes the principles of collaboration and information security in a manner consistent with SCAD requirements and complements the Emirates’ vision for the information age.
Ian Jiggens, President of Consulting and Information Services Business of Network International, said: “As the main promoter of digital commerce in the entire MEA, Network International has always supported the economic progress of the UAE. To this end, we are very pleased to be able to provide SCAD with important and timely payment data to Support decisions that drive the future prosperity of the UAE. As a result of the pandemic, consumer spending behavior and patterns have undergone tremendous and lasting changes. Our partnership aims to help the government make insight-driven decisions to seize new opportunities and enhance Abu Dhabi’s competitive advantage.”
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