Digital Econmy Policy
Modern technologies have had a fundamentally transformative impact on life across the globe. The ongoing shift from traditional economic interactions towards greater data-and-platforms-enabled activity emphasizes the centrality of the digital economy.
A thriving, diversified economy is one of the main pillars of Saudi Vision 2030. Already the largest economy in the Middle East and among the 20 largest economies in the world, the Kingdom’s objective with Vision 2030 is for Saudi Arabia to be ranked among the top 15 economies worldwide by 2030. To achieve this goal, the Kingdom aims to create an attractive investment environment and diversify its economy to raise the share of non-oil exports from 16% to 50%.
A robust digital economy can serve as a catalyst for promoting non-oil sectors that will contribute to the economic growth and diversity necessary to achieve Vision 2030. In executing this Digital Economy Policy, the Kingdom aims to raise the contribution of the digital economy as a share of total GDP to be on par with other leading global economies.
Objective of this Policy
The aim of this policy is to develop the digital economy of the Kingdom of Saudi Arabia. The policy sets out guiding principles for government agencies to promote the digital economy through their respective specialties and mandates, with the goal of achieving sustainable economic growth and creating and maintaining competitive advantages for the Kingdom. Equally, this policy serves to inform the public and private sectors and the international community, of the Kingdom’s approach to growing a robust, modern, and effective digital economy.To view policy