\nRiyadh, The Kingdom’s Vision 2030 has played a critical role in positioning it as a hub for technology and innovation in the region. The leadership has amply supported and empowered the communications and information-technology sector, resulting in significant strides towards digital development.<\/p>\n
The Kingdom has made remarkable advancements since the launch of Vision 2030 eight years ago, attaining global leadership positions in digital entrepreneurship, digital infrastructure, digital government, and digital capabilities.<\/p>\n
According to a World Economic Forum report, the Kingdom ranked second globally among the Group of Twenty (G20) top economies in digital competitiveness.<\/p>\n
A World Bank report said the Kingdom secured third place globally in the digital government services maturity index. The Kingdom is also making significant efforts to become a global leader in supporting the growth of the digital economy.<\/p>\n
The digital economy’s contribution to gross domestic product (GDP) has increased from 11% to 15%, a
\nnd the technology and innovation market has surpassed SAR166 billion, making it the largest in the region.<\/p>\n
Furthermore, the Kingdom has achieved a substantial milestone in venture-capital investments, which have increased to SAR5.2 billion.<\/p>\n
The Kingdom’s advancements in digital infrastructure reflect its commitment to providing robust digital services to its citizens and businesses.<\/p>\n
Fourth-generation services have achieved 99% coverage of the Kingdom’s regions, ensuring widespread access to high-speed internet. The capacity of data centers has reached 204 megawatts, providing ample storage for digital data.<\/p>\n
The cloud-computing services market has grown significantly, reaching more than SAR9.8 billion, indicating the Kingdom’s readiness to embrace cloud-based technologies.<\/p>\n
The Vision 2030 has contributed significantly to developing digital capabilities in the Kingdom. There are more than 350,000 male and female workers in the technical sector, with a nationalization rate of 64%. Women’s communications and
\ninformation technology participation has increased to 35%.<\/p>\n
These developments are a testament to the Kingdom’s commitment to advancing its digital economy, building a sustainable future, and creating a prosperous society.<\/p>\n
Source: Saudi Press Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Riyadh, The Kingdom’s Vision 2030 has played a critical role in positioning it as a hub for technology and innovation in the region. The leadership has amply supported and empowered the communications and information-technology sector, resulting in si…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"yoast_head":"\n