The Kingdom's Vision 2030 has played a critical role in positioning it as a hub for technology and innovation in the region.
The leadership has amply supported and empowered the communications and information-technology sector, resulting in significant strides towards digital development.
The Kingdom has made remarkable advancements since the launch of Vision 2030 eight years ago, attaining global leadership positions in digital entrepreneurship, digital infrastructure, digital government, and digital capabilities.
According to a World Economic Forum report, the Kingdom ranked second globally among the Group of Twenty (G20) top economies in digital competitiveness.
A World Bank report said the Kingdom secured third place globally in the digital government services maturity index. The Kingdom is also making significant efforts to become a global leader in supporting the growth of the digital economy.
The digital economy's contribution to gross domestic product (GDP) has increased from 11% to 15%, and the technology and innovation market has surpassed SAR166 billion, making it the largest in the region.
Furthermore, the Kingdom has achieved a substantial milestone in venture-capital investments, which have increased to SAR5.2 billion.
The Kingdom's advancements in digital infrastructure reflect its commitment to providing robust digital services to its citizens and businesses.
Fourth-generation services have achieved 99% coverage of the Kingdom's regions, ensuring widespread access to high-speed internet. The capacity of data centers has reached 204 megawatts, providing ample storage for digital data.
The cloud-computing services market has grown significantly, reaching more than SAR9.8 billion, indicating the Kingdom's readiness to embrace cloud-based technologies.
The Vision 2030 has contributed significantly to developing digital capabilities in the Kingdom. There are more than 350,000 male and female workers in the technical sector, with a nationalization rate of 64%. Women's communications and information technology participation has increased to 35%.
These developments are a testament to the Kingdom's commitment to advancing its digital economy, building a sustainable future, and creating a prosperous society.
