17 Hrs
Source:
البلاد
Saudi Digital Economy Reaches 522B Riyals
The size of Saudi Arabia's digital economy has grown from less than 300 billion riyals to 522 billion riyals, an increase of over 75%, contributing 16% to the gross domestic product. The telecommunications and information technology market exceeded a value of 199 billion riyals. Additionally, the number of tech jobs and talents has risen from 150,000 to more than 410,000. The gap in access to telecommunications services has drastically narrowed from 50% to just 1%. The key results include rapid growth in Saudi Arabia's digital economy and achieving leading positions in the region, as well as strengthening the labor market and developing the technology ecosystem.
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