Addressing the Mobile World Congress (MWC) in Barcelona last month, Sawaha said,
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…150 Views | the publication reaches you by | Saudi Arabia Today
“95% of smartphones displayed here in MWC are made by chipsets that are made in partnership with Saudi Arabia.”
“I’m going to share with you a story of how a nation is transforming at light speed leveraging its factor based economy and its leadership as the 18th largest economy to leapfrog into the future powered by digital technology and by you, our global and regional partners,” said the minister.
Sawaha said the Kingdom aims to become the largest digital market in the Middle East and North Africa, adding that a contribution of Smart Cities’ projects to Gross Domestic Product (GDP) is expected to reach about $2 billion by 2030.
“The expected economic impact of the Fourth Industrial Revolution in the Kingdom is estimated at $4 billion by 2030.
“The IT market in Saudi Arabia with the latest IT services, software and equipment reached about $12 billion, while the emerging technology market stood at $10 billion, placing the Kingdom among the world’s most developed markets,” he added.
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