Saudi digital economy milestone
The digital economy in Saudi Arabia has experienced a significant leap, with its size increasing from $80 billion to approximately $139 billion, representing a growth of over 75%. This reflects the major transformation the Kingdom is undergoing in the technology and innovation sectors. The Minister of Communications and Information Technology affirmed that these figures demonstrate the success of national strategies to build a sustainable knowledge-based economy driven by technology, with the tech job market expanding from 150,000 jobs to over 410,000. Additionally, Saudi Arabia is now among the countries exporting innovation, thanks to strong leadership support and the provision of a advanced educational environment. The country is also preparing to launch the LEAP conference, the largest tech event in history, with over 250,000 creators from around the world participating, aimed at strengthening digital infrastructure, attracting investment, and advancing cutting-edge technology.
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