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Saudi Arabia marks National Day with growing digital economy

Saudi Arabia marks National Day with growing digital economy

The article indicates that Saudi Arabia celebrates its national day in a year designated as the "Year of Artificial Intelligence," within the framework of Vision 2030 launched by Prince Mohammed bin Salman, aimed at diversifying the economy and enhancing digital transformation. It also explains that the digital economy in the Kingdom now accounts for approximately 16% of the gross domestic product, which is expected to reach around 199 billion riyals (53 billion dollars) by 2025, supported by the integration of digital government services and advancements in technological infrastructure such as data centers and cloud platforms. The article provides a comprehensive overview of the development of this sector, from policies and investments to technological initiatives and specialized institutions, emphasizing the importance of people and education in supporting this transformation. It concludes with a look at Saudi Arabia’s future position in the AI industry, development, and tech services.

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