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Communications Minister: Digital Economy Grows 75% to 522B Riyals
The Ministry of Communications and Information Technology in the Kingdom announced that the digital economy has grown by more than 75%, increasing from less than 300 billion riyals to 522 billion riyals. Additionally, jobs in the sector rose from 150,000 to 410,000, with expectations that more than 250,000 creators and innovators will gather in the "Leip" initiative. The minister confirmed that the Kingdom has become the world’s leading country in digital readiness, with fiber optic usage reaching 32%.
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