Saudi Arabia Rank 2nd among G20 member states

The Digital Renaissance report conclusions have been based on the World Competitiveness Yearbook, issued by the World Economic Forum and other data from the World Bank and International Communication Union.

The Kingdom moved up 20 steps on the index compared to the previous year, as well as jumping 86 steps ahead, on the Digital Ecosystem for Earth, topping the G20 member states, while it also occupied the third place on the index of digital potentials, among the world big 20 economies.

Such progress resembles the ongoing digitally motivated anticipation, in the Kingdom and persistence to maintain the uptrend, on all related domains.

Custodian of the Two Holy Mosques King Salman bin Abdulaziz and HRR Crown Prince Mohammed bin Salman bin Abdulaziz are keeping playing pivotal role, in bolstering the sector of IT and communications and backing it, to level up to the world rapidly developing standards.

Quantum leaps, in this regard, achieved across the Kingdom stands witness of upgrading the digital potentials, communications infrastructures, huge digital projects as well as enterprises, in addition to the appropriate and applicable legislations and regulations, to cope with confident, broad and vast footsteps, in the industry.

The ultimate goal is to actualize the strategy of the sector by 2023, as a part and parcel of the Kingdom Vision 2030.

This report tended to gauge the performance and achievements realized by the Kingdom, especially, since 2018 all through to the time being, via various yardsticks base on two main fronts.

The first deals with ecosystem for the digital shift, in terms of investments of the venture capital, easiness of business performance, digital potentials.

Meanwhile the second is about the readiness to adopt the digital shift and innovation, in terms of manpower’s digital capabilities, readiness to embark on entrepreneurship’s risks, broad-band extension and expansion, as well as innovative ideas, amid the working places.

It also comprises reports’ particulars related to enhancing digital potentials, attracting the foreign investments and world firms to boost the digital knowledge and technology, alike.

Creating as many as 25 thousand jobs, in the sector, is among the cherished goals of the Kingdom, and furthermore to expand the capacity of the IT and emerging ITs industries by 50 per cent.

Moreover, it is giving a hand to bolster the sector’s output and subsequently its contribution to the GDP with no less than $13 billion per annum and through the 5-year to come.

Raising the women workforce participation in the sector by 50 per cent, too.

There is also the role played by the Saudi Data and Artificial Intelligence Authority (SDAIA) in terms of innovation and the digital shift in the Kingdom of Saudi Arabia, and the expectations to push forward the endeavor of realizing the Kingdom Vision 2030, through using the mega-data.

Furthermore, there are the approval to establish a governmental body to oversee the digitalization, to facilitate unleashing of digitally administered reactions and online services and transactions among the government, the business sector and the public.

The Kingdom is also working to bring about the third action plan, within the National Strategy for the Digital Shift, covering the period 2022-2024, aiming at actualizing the smart government.

Finally, there are the third front, which is focusing on the furthering the Kingdom investment in the digitally bound infrastructures, including building as much as new 6500 5G networks’ towers and pylons.