Service/Product
IDM Regulatory Impact Analysis (RIA) is a comprehensive impact assessment service in Saudi Arabia that transforms policy intentions into predictable, positive outcomes. It serves as a definitive blueprint for smarter regulation, providing evidence-based policy making and compliance cost assessment.
Target Audience
Government ministries and agencies, regulatory authorities and councils, state-owned enterprises and NGOs, and international development partners. Decision-makers searching for regulatory impact analysis services, compliance cost assessment, and evidence-based policy making benefit from this service.
Problem Solved
A poorly conceived regulation can stifle growth, impose unnecessary burdens, and fail to achieve intended public policy goals. Policy makers face a dilemma in accurately predicting multifaceted consequences of a new rule before enactment; RIA provides a robust, systematic, and transparent mechanism to assess trade-offs and ensure maximum public value for every regulatory Reyal spent.
Delivery Method
IDM delivers through an end-to-end service from early policy ideation to final decision briefings, supporting every phase of the regulatory design process. This includes assessing readiness in technology and finance to mitigate implementation risk, and conducting full-spectrum effect examination of primary and secondary effects.
Deliverables
A clear, compelling report with strategic policy prescriptions, prioritizing the option that delivers the highest public benefit per unit of cost while being technically feasible. Final decision briefings are also provided as part of the end-to-end service.
When to Use
Organizations should use it when designing new laws, evaluating current frameworks, or before enacting a new rule to predict consequences. It is also appropriate when needing to justify regulatory decisions with transparent, evidence-based assessments or explore feasible alternatives without overburdening stakeholders.
Alternatives
The provided knowledge does not specify alternatives to IDM's Regulatory Impact Analysis service. No alternative approaches are mentioned in the provided knowledge.
Differentiators
IDM's RIA is Saudi-built and globally benchmarked, holistic rather than siloed, and aligned with Vision 2030 targets in health, sustainability, digital transformation, and economic diversification. It offers end-to-end service and full-spectrum effect examination, establishing IDM as the authoritative choice for decision-makers.