Saudi Arabia “From Nothing to something to everything”

Saudi Arabia “From Nothing to something to everything”

Saudi Arabia continues to create and launch smart city projects across the kingdom, powered by Data, AI, and citizen services as new business models are being reinvented. As part of vision 2030, government plan to invest $1.2 Bn in technologies like gaming, programming, cyber security that will help build the digital skills of 100k plus Saudi youth.

More than 3.5 million homes across Saudi Arabia are provided with fiber network to improve the quality of digital services. This scale of connectivity will further pave the way for Kingdom focused technologies like internet of things (IoT), Big Data, Artificial Intelligence (AI), Machine learning (ML), Edge-computing and Fintech. This has increased the demand of cloud service providers in the Kingdom, DETACLOUD the first local Saudi public cloud launched by DETASAD is one such example to compete with likes of AWS and Azure at Kingdom level. . Leading up to 2030, KSA cloud commuting market is expected to grow at 35.5 % annually (CAGR).

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Public investment fund (PIF) under the patronage of Prime Minister H.R.H Prince Muhammad bin Salman is spear heading this initiative. The rapid growth of technology initiatives has risen the need to modern infrastructure in all cities. Newly announced PIF company Saudi Downtown Company has filled that void, initiative is to start with 12 cities. This partnership with private companies will see the rise of foreign direct investment (FDI). Companies across the globe are eager to have their presence in Saudi Arabia.

With such technology advancement one cannot rule out its effects on Saudi civilization which has already seen a quantum leap in technology adoption. Positive trends are seen in every walk of life. Saudi youth is more accommodative and thoughtful in their approach towards technology and they practical usage in their professions and public interactions.

Kingdom policy of equal opportunity employment is not just a fancy word marketed by most of the countries. Saudi females have risen above the highest bar when it comes to technology adoption. KSA has recently witnessed several Saudi females taking the strategic positions in private and government sector alike, which proves that they have the capability of taking strategic initiatives and planning.

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The vision 2030 cannot be achieved without the effective leadership. Vision needs to be backed with strong strategies not only on technology but on the public engagement as well.?The best part of strategy used by H.R.H Prince Mohammad bin Salman is KPI that is translated in a unique, simple but effective way, Keeping the People of KSA Interested, Informed, Involved, and Inspired. One such example is Leap 2022 which has set the stage for being the world largest tech event, Leap 2023 will break all previous records.

?World has never seen any nation so aligned with their leader vision like Saudi Arabia, where they live, breath this dream and feel themselves as the partners in the Vision 2030.

?The future is not far when Saudi Arabia will be “From Nothing to something to everything”

Christian Soschner

Strategic Growth Advisor | M&A and Venture Capital Expert | Deep Tech Executive & Board Member | Podcast Host 200+ Podcasts/Livestreams | 17x (Ultra-) Marathons Finished | Let's Connect and Drive Your Growth!

3 个月

Thanks for sharing

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