The National Regulations Committee has released its
2023 annual report, offering a comprehensive overview of the committee's establishment, goals, and key initiatives. The report highlights the studies conducted throughout the year, outlines the committee's significant achievements, and provides a forward-looking perspective on its future plans
The report highlights the swift advancement of digital regulation in Saudi Arabia and the establishment of the National Regulations Committee as a result of collaborative efforts. The structure of the committee includes 10 regulatory entities in the Saudi Arabia to coordinate topics in the digital field.
The report also outlines the committee's and its efforts to navigate the regulatory environment in Saudi Arabia through conducting digital regulatory studies on annual basis. In 2023, the studies performed by the committee introduced 20 initiatives to address critical issues for several topics; such as Fair Competition in Data, intellectual property rights in emerging technologies and the regulation of digital advertising.
The report also highlights the intensive efforts in developing regulatory studies through a benchmarking comparison of Saudi Arabia's regulations in over 11 countries, including the United States, France, South Korea and the United Kingdom. Furthermore, it examines more than 12 regulatory tools to develop initiatives with an aim to improve the existing regulatory framework and boosting investment attraction in Saudi Arabia.
The report highlights the outcomes of regulatory collaborations with various public and private sector entities, aimed at bridging the regulatory gaps related to digital challenges. It also showcases the recent efforts of committee members and stakeholders, highlighting their major activities and accomplishments. Furthermore, the report outlines the committee’s future plans in which indicates the importance of studying challenges related to artificial intelligence (AI) due to its rapid growth and associated risks.
The National Regulations Committee was established as a strategic initiative to create an enabling regulatory framework for various sectors, to boost investment in the digital economy and to advance Saudi Arabia’s shift toward a digital society.
