GCC economies make significant progress in digital transformation

GCC economies make significant progress in digital transformation

KUWAIT/DUBAI: The latest GCC E-Performance Index 2022 reveals that all countries from the Gulf Cooperation Council (GCC) region have performed exceptionally well on five major global indicators, displaying significant progress in digital transformation, according to MENAFN. The report was issued by Orient Planet Research (OPR), an independent unit of Orient Planet Group (OPG), in collaboration with information and communications technology (ICT) expert and independent researcher Abdul Kader Al-Kamli.

The UAE achieved tangible growth in the GCC E-Performance Index with an average score of 66.22, followed by Saudi Arabia with an average rating of 59.26 and Qatar with 57.63. Oman, Bahrain and Kuwait scored average ratings of 54.02, 53.43 and 51.36 respectively. The report highlights the increased spending on latest technological solutions to achieve digitally inclusive economies. According to a recent report, UAE’s ICT spending is estimated to reach $23 billion by 2024, while Qatar’s spending will be around $9 billion, and Kuwait’s spending is predicted to reach $10.1 billion by 2024.

The GCC countries have increasingly focused on the roles of science and technology in building research development and innovation (RDI) capacity to create national innovation systems (NIS). The World Economic Forum highlighted the unique set of characteristics of the GCC countries