The Ministry of Economy and Planning in Saudi Arabia has formalized a three-year research agreement with the University of Chicago's Division of Social Sciences, aiming to bridge the gap between cutting-edge research and effective public policy.
This collaboration, led by Vice Minister Ammar Nagadi, focuses on conducting economic research to inform social and economic policies in Saudi Arabia. The partnership aims to foster local talent and globally share research outcomes, promoting economic opportunities within the country.
The agreement outlines a joint endeavor with a team of University of Chicago researchers led by Prof. John List. Their research will span macroeconomics, international organizations, social development, and labor market dynamics, with a particular emphasis on leveraging behavioral and experimental economics to shape public policy decisions.
Aligned with Saudi Vision 2030, this collaboration reflects the Ministry's commitment to evidence-based policymaking, emphasizing partnerships with local and international entities. The strategic initiative is poised to contribute significantly to economic growth and diversification in line with the Kingdom's long-term objectives.