According to a report by the Digital Government Authority, the digital transformation market in Saudi Arabia is expected to reach a value of 80 billion Saudi Riyals ($21,3 billion) by 2030. This growth is attributed to several factors, including:
🔸️ Governmental direction towards digital transformation: The Saudi government has launched numerous initiatives and programs to digitize all government services.
🔸️ Economic growth in the Kingdom: With a strong economy and increasing population growth, there is a growing demand for digital services.
🔸️ Increase in digital technology: As the world undergoes a rapid digital transformation, companies and individuals increasingly use digital technology.
🔅 Digital transformation creates significant opportunities for quality companies in a variety of fields, including:
🔸️ Information and Communication Technology: The Saudi government requires significant information and communication technology investments to develop an advanced digital infrastructure. Opportunities include developing cloud solutions, artificial intelligence solutions, and cybersecurity solutions.
🔸️ Logistics Services: Effective delivery of digital government services requires investments in logistics, such as delivery and distribution services. Opportunities include developing supply chain management solutions and smart distribution solutions.
🔸️ Digital Content: The Saudi government requires the development of rich, informative digital content, creating opportunities for companies offering digital content services. Opportunities include developing educational content, entertainment content, and marketing content.
Source: Khaleej Mag