Saudi Arabia ICT

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E-commerce in Saudi Arabia has received a boost following the launch of the Kingdom’s first foreign digital payments platform, a development that should support the growing number of online shoppers and contribute to government efforts to diversify the economy.

 

The cost of a smartphone in Saudi Arabia has declined rapidly in recent years. The arrival of affordable brands such as China’s InnJoo, which entered the market in late 2014 with a model priced at SR299 ($79.70), has made smartphone technology more accessible than ever. In July 2017 another Chinese firm, Huawei, pushed the iPhone into third...

 

How will the planned digitisation policies impact the Kingdom’s citizens and businesses?

 

One of the effects of the current low-oil price environment has been a return of the concept of Saudiisation to the top of the economic agenda – a development which has had significant impacts on the telecoms sector. In 2016 the Kingdom introduced its latest iteration of the nitaqat framework, a system that evaluates companies on their...

 

The GCC region, with its high disposable incomes, saturated mobile telephony markets, rapidly increasing smartphone penetration and young populations, has all the necessary ingredients for an e-commerce boom. Estimates as to the size of the region’s e-commerce market and its potential growth trajectory vary, but a comprehensive study carried...

 

Rapidly expanding technology firms have become some of the most sought after targets in the global investment arena, and Saudi Arabian entities have played a prominent part in this trend. The emergence of Careem, a rival to Uber in the Middle East, is a prime example of how young tech operations in the region are attracting significant amounts...

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