Saudi Arabia ICT

Chapter | ICT from The Report: Saudi Arabia 2020

The ICT sector is at the forefront of the digital transformation outlined in Saudi Arabia’s Vision 2030, and is poised to be a key element of diversifying the economy towards greater non-oil growth. In the last few years ICT has become much more prominent, and it has become increasingly dynamic as the country ramps up investment in technology to become an international leader in the digital...

Saudi Arabia’s decision to weaken the link between hydrocarbons and economic growth, and pursue a policy of diversification has seen a wide range of projects come to fruition in the last several years. While at present the Covid-19 pandemic and the unprecedented plunge in oil prices are causing significant short-term uncertainty, the reforms that have been put in place in recent years should stand the Kingdom in good stead over the longer term.

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Saudi Arabia’s Vision 2030 – the Kingdom’s longterm economic development and diversification programme – is seeking a digital transformation across society, government and the economy. The ICT sector is at the forefront of this change, and is poised to be a key element of diversifying the economy towards non-oil growth. In the last few years...

 

Saudi Arabia introduced key changes in recent years related to ICT, including the creation of new oversight authorities and regulatory frameworks. These reforms are expected to help further develop and support growth in the sector as the country shifts towards a knowledge-based economy. As a sign of the importance that the Kingdom places on...

 

Cybersecurity is a priority for Saudi Arabia, a country that is making significant investment in boosting its capacity and is rapidly advancing as a global leader in the space. The Kingdom was the top-ranked Arab country in the International Telecommunication Union’s 2018 global cybersecurity index, and ranked 13th overall out of 175 countries...

 

What is being done to ensure that Saudi Arabia’s ICT sector remains competitive?

 

Managed services such as cloud computing have seen significant growth in Saudi Arabia in recent years. This was reflected in the Kingdom’s jump of 16 places in the ICT adoption pillar of the World Economic Forum’s 2019 global competitiveness index, with the country ranking 38th out of 141 countries, up from 54th in 2018. Both the public and...

Saudi Arabia’s decision to weaken the link between hydrocarbons and economic growth, and pursue a policy of diversification has seen a wide range of projects come to fruition in the last several years. While at present the Covid-19 pandemic and the unprecedented plunge in oil prices are causing significant short-term uncertainty, the reforms that have been put in place in recent years should stand the Kingdom in good stead over the longer term.

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