The Information and Communications Technology (ICT) sector plays a crucial role in driving growth, innovation, and economic diversification in the Kingdom. As a core component of Vision 2030, Saudi Arabia has set ambitious targets to become a modern and globally competitive ICT hub. This ambition envisages many investment areas, including the development of the digital content and media, the expansion of the telecommunication system, the digitization of the country, and the creation of new high-tech and smart industries. The government is working alongside the private sector to modernize the ICT infrastructure, enhancing the regulatory framework to enable new innovative investments, and building the most suitable ecosystem to support entrepreneurs and digital talents.
in expected gaming market size by 2030.
social media penetration.
investments to build a nationwide network of large-scale data centers.
allocated to build digital infrastructure needed for industry 4.0.
e-commerce market size in 2021, a 45% share of the GCC market.
growth of the e-commerce market from 2015 to 2020.