Saudi Arabia Launches Digital Economy Policy to Increase Competitiveness, Expand Sustainable Development, Economic Diversification
- Date: 30-Dec-2020
- Source: Saudi Press Agency
- Sector:Technology
- Country:Saudi Arabia
Saudi Arabia Launches Digital Economy Policy to Increase Competitiveness, Expand Sustainable Development, Economic Diversification
The Minister of Communications and Information Technology and President of the National Committee for Digital Transformation, Eng. Abdullah bin Amer Al-Swaha, pointed out that the Cabinet's approval to launch a digital economy policy is a road map that clarifies the Kingdom's directions for government agencies, the private sector, and the international community in fileds related to the digital economy. 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.
A thriving economy is one of the pillars of the Kingdom's Vision 2030, and 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 percentge 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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