Saudi Arabia Leads Regional Digital Economy Growth On World Telecommunication And Information Society Day

Saudi Arabia is recognised as the largest digital economy in the Middle East and North Africa. This achievement aligns with Saudi Vision 2030, focusing on artificial intelligence (AI), data centres, digital government, and human capital development. These efforts have laid the foundation for a knowledge-based economy driven by innovation and investment in people and technology.

The Kingdom's digital economy accounts for 15% of its gross domestic product, valued at over SAR495 billion. This reflects a significant shift in the national economic landscape, showcasing Saudi Arabia's success in diversifying income through a smart economy. The telecommunications and information technology market saw record growth exceeding SAR180 billion in 2024.

Private sector investment and increased innovation have further solidified Saudi Arabia's position as the largest technology market in the region. The Kingdom has invested more than SAR55 billion in AI technologies and data centres, establishing itself as a regional hub for future industries.

Saudi Arabia has made remarkable progress in digital governance, ranking sixth globally in the United Nations E-Government Development Index. It also holds fourth place worldwide in the Digital Services Index, second among G20 countries, and first regionally. In sub-indicators, it ranks first globally in digital skills and open digital government.

The Kingdom is seventh worldwide in the E-Participation Index. By empowering digital human capabilities, Saudi Arabia has enhanced its regional prominence as a major hub for digital talent, creating over 381,000 quality jobs in the technology sector.

Investment in Human Capital

On World Telecommunication and Information Society Day, observed annually on May 17, Saudi Arabia's achievements are highlighted. The nation's focus on developing human capital aligns with its vision to become a global digital power. These efforts have been instrumental in forming a knowledge-based economy driven by innovation.

The Kingdom's strategic investments have not only bolstered its technological infrastructure but also fostered an environment conducive to growth and development. As Saudi Arabia continues to invest in future industries, it strengthens its position as a leader in the digital realm.

With inputs from SPA