Standard Chartered: Saudi firms lead in digital trade

The "Standard Chartered" report concluded that Saudi companies are advancing globally in the digitization of commerce by increasingly adopting cloud infrastructure and data integration. A survey found that 75% of these companies view these technologies as a key driver for the development of trade, compared to 70% globally. Additionally, 57% of Saudi firms plan to invest in digital financing platforms for supply chains, and 50% in cybersecurity, which contributes to reducing business costs by more than 10%. Research also indicates that digital tools help enable quick responses to supply chain disruptions, with increased adoption of digital capabilities in areas such as cybersecurity and automated payments. This enhances company performance and yields clear benefits from digital transformation, including an expected 6.9% increase in global trade volume by 2031.

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