Important Key Words

Important Keywords

Lab

Focused discussions with the presence of the main industry stakeholders, decision makers and SMEs aiming at identifying and developing appropriate solutions to overcome sector challenges. The labs also work towards proposing and enabling catalytic projects that will drive transformation of the sector.

Key Performance Indicators (KPIs)

A set of tools, percentages, clear timelines to measure the progress of the initiatives and projects being implemented

escalation mechanism

As part of the governance structure, this is an internal mechanism adopted by ISFU to escalate the challenges which the working groups could not overcome. The mechanism is divided into several levels starting from the working groups/projects’ owners and ending with the ministerial committee.

initiative working group

A team that involves representatives from the project as well as entities to which the progress of the initiative is relevant. The team members meet periodically to discuss the work progress, tackle challenges and appoint representatives from the relevant entities to address these challenges.

Syndication Session

Side consultations during labs between officials responsible of addressing specific subject matters in the sector in a manner compatible with the labs outcomes aiming to achieve the strategic intent of diversifying the national economy

Ministerial Delivery Unit (MDU)

An alternate to the Implementation Support and Follow-up Unit (ISFU) in the Ministry/entity responsible of implementing the initiatives and projects. Daily or weekly, ISFU contacts the MDU to follow up the updates of the implementation of the initiatives and projects, as well as the challenges the project owner might encounter in order to overcome them and provide the required support to ensure projects are progressing as planned.

steering committee

A sectorial committee responsible of addressing the main accomplishments of the projects, as well as the major challenges which the working groups could not overcome. Monthly, the steering committee meets with representatives from ISFU and relevant ministries.

ministerial committee

A team formed as per Royal Directives to study the social, economic, financial and monetary status. Its members include a number of ministers concerned with handling the problematic issues that block the way towards achieving progress in the economic, social and financial sectors.