Riyadh – Mubasher: Saudi Arabia’s Minister of Communication and Information Technology (MCIT), Abdullah Alswaha, said 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, Saudi Press Agency (SPA) reported.
The step will encourage investment, accelerate local technical leadership, and attract international partnerships based on transfer of expertise and cooperation in the field of innovation as well as technical and digital transformation, the minister noted.
Alswaha added that the step is an extension to the kingdom’s efforts aimed at supporting the development of the national economy, increasing the country's competitiveness, while expanding sustainable development and economic diversification
The Gulf country 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.
