The Minister of Communications and Information Technology and President of the National Committee for Digital Transformation Eng. Abdullah Bin Amer Al-Swaha noted that the cabinet’s approval to launch a digital economy policy is a road map for the kingdom’s directions for government agencies, the private sector, and the international community in fields related to the digital economy, according to Saudi Press Agency (SPA).
This leads to encouraging investment, accelerating local technical leadership and to attracting international partnerships based on transfer of expertise and cooperation in the field of innovation and technical and digital transformation.
This will create qualitative job opportunities that appeal to citizens and contribute to the digital economic development, to achieve Vision 2030 objectives. The Kingdom aims to be among the top 15 economies in the world, by creating an attractive investment environment and diversifying its economy, to raise the percentage of non-oil exports from 16% to 50% of non-oil GDP and raising the private sector contribution from 40% to 65% of GDP.
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The Gulf country occupies a prominent economic position, as it is the largest economy in the Middle East and one of the twenty largest economies in the world.
The Cabinet’s approval to launch the digital economy policy is an extension of the Kingdom’s efforts to support the development of the national economy, increase the Kingdom’s competitiveness, and expand sustainable development and economic diversification, Minister Al-Swaha added.
