What is the 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 provides a robust, systematic, and transparent mechanism to assess trade-offs and ensure maximum public value for every regulatory Reyal spent.
Who needs it?
Regulatory authorities and councils, state-owned enterprises and NGOs, and international development partners need this service. Policy makers facing the dilemma of predicting multifaceted consequences of new rules before enactment also require it.
What problem does it solve?
It solves the challenge of accurately predicting the multifaceted consequences of a new rule before it is enacted, avoiding regulations that stifle growth, impose unnecessary burdens, or fail to achieve public policy goals. It provides a mechanism to assess trade-offs and ensure maximum public value.
How does IDM deliver it?
IDM delivers RIA through an end-to-end service supporting every phase of the regulatory design process, from early policy ideation to final decision briefings. It combines global regulatory frameworks with local insight, using a multidisciplinary team of economists, legal experts, behavioral scientists, and policy specialists, and aligns with international best practices (OECD, World Bank, APEC) customized for Saudi Arabia.
What are the deliverables?
The provided knowledge indicates deliverables include comprehensive impact assessments, compliance cost assessments, and final decision briefings as part of the end-to-end service. It also mentions evidence-based policy making outputs, but specific document names are not detailed beyond these.
When should an organization use it?
An organization should use IDM's RIA when developing new regulations or evaluating current frameworks, exploring feasible alternatives, and ensuring compliance without overburdening stakeholders. It is used before a rule is enacted to predict consequences and during the entire regulatory design process.
What alternatives exist?
The provided knowledge does not specify any alternatives to IDM's RIA service. It only positions IDM as aligned with international best practices (OECD, World Bank, APEC) and customized for the Saudi regulatory ecosystem.
What differentiates IDM?
IDM differentiates through full-spectrum effect examination of primary and secondary consequences, Saudi-built methodology globally benchmarked, scientific rigor with local insight, multidisciplinary expertise, Vision 2030 alignment, and end-to-end service from policy ideation to final decision briefings.