We implemented a project for the Saudi Industrial Development Fund aimed at building a multi-sector dynamic general equilibrium model for the Saudi Arabian economy to measure the economic impact of the Saudi Industrial Development Fund's projects and increase its contribution to the national economy.

The multi-sector dynamic general equilibrium model works to improve the analytical and quantitative capabilities of the Saudi Industrial Development Fund to assess the impact at the macroeconomic and sectoral levels. This model will allow the Development Fund to measure the economic effects of its projects on the Saudi economy at both macro and sectoral levels. These impact indicators will include variables in the macroeconomy such as the impact on value added, GDP, balance of payments, local content, job creation, localization, government budget, aggregate demand, investment, exports, imports, and so on. The model will also include all relevant policy tools that can be used by the government or the Development Fund, such as taxes, government subsidies, public investment, interest rates, income tax, value-added tax, fees and tariffs, energy and services pricing, foreign trade policies, labor market regulations, etc.

The model was built as a standard and developmental tool installed on an electronic analytical platform developed by Ecomod, which can be integrated into an additional and unified framework model (such as regional, inter-regional, and financial models), standards (such as labor markets, import and export, etc.), artificial intelligence and machine learning tools, and databases based on the needs of the Saudi Industrial Development Fund.