Abu Dhabi's SCAD and Adio sign data exchange agreement

The new framework will provide up-to-date data that will help businesses and policymakers make more informed decisions

Abu Dhabi's SCAD and Adio on Sunday signed a data exchnage agreement. Victor Besa / The National

The Statistics Centre Abu Dhabi and Abu Dhabi Investment Office on Sunday signed an agreement to exchange data that will help businesses and policymakers in the emirate to make more informed decisions.

The service level agreement between the two government bodies is aimed at achieving integration and supporting the Abu Dhabi government’s pursuits to build a comprehensive and sustainable statistical system for the emirate, SCAD said in statement.

It will provide accurate, up-to-date and reliable statistics that paint a detailed picture that will allow private sector bodies to develop their businesses and investments.

“Adio strives to ensure that the private sector is fully equipped with the tools and resources they need to succeed. Having access to the latest information, data and statistics from across Abu Dhabi will aid investors in planning and making strategic decisions for their businesses,” Tariq Bin Hendi, director general of Adio, said.

“Our cooperation with SCAD will help to enhance the standards and availability of vital statistics, boost information and communications technology capacities and support Abu Dhabi’s digital transformation."

The agreement establishes a framework for joint statistical initiatives in areas such as data exchange, metadata, development of standards and methodologies, technical statistical support, development of administrative records, statistical capacity-building and enhancing statistical maturity across Abu Dhabi.

“The goal is to compile accurate, reliable and up-to-date data and indicators that meet the requirements of data users across all categories, with the aim of upgrading the statistical ecosystem in line with Abu Dhabi's digital transformation vision,” SCAD said.

With Adio’s cooperation, SCAD will provide a statistical resource that “meets the needs of the business community and contributes towards enhancing Abu Dhabi's status and creating a vibrant and stimulating business environment”,  Ahmed Fikri, director general of SCAD said. “Partnership with various entities constitute the basis for achieving the desired statistical integration … [which] would contribute to a diversified and sustainable economy and support innovation."