Saudi Arabia Emerges as MENA's Digital Powerhouse with Economy Surpassing $132 Billion

Table of Contents
A Major Milestone in Digital Growth
Saudi Arabia has positioned itself as the leading digital economy in the Middle East and North Africa (MENA) region, with the digital sector now valued at over SAR 495 billion (approximately USD 132 billion). This achievement is closely tied to the Kingdom’s Vision 2030 strategy, which prioritizes innovation, technology, and economic diversification.
Record-Breaking Growth in ICT Sector
In 2024, the Kingdom’s telecommunications and information technology sectors saw unprecedented growth, generating over SAR 180 billion. This was driven by a surge in private sector investment and rapid technological advancement, cementing Saudi Arabia’s place as the largest technology market in the region.
Strategic Investment in AI and Data Infrastructure
Key to this digital transformation is a strategic focus on artificial intelligence and data infrastructure. The government has invested more than SAR 55 billion in AI technologies and data centers, making Saudi Arabia a regional hub for next-generation digital industries.
Job Creation and Talent Development
The Kingdom’s commitment to human capital development has created over 381,000 high-quality jobs in the tech sector. By enhancing digital skills and fostering a skilled workforce, Saudi Arabia has emerged as a center for digital talent in the MENA region.
Excellence in Digital Governance
Saudi Arabia has achieved top global rankings in digital governance. It ranked:
6th globally in the UN E-Government Development Index
4th in the Digital Services Index
2nd among G20 nations
1st in the MENA region
The Kingdom also ranks highly in digital skills, open digital government, and citizen e-participation, placing 7th globally in the E-Participation Index.
Paving the Way for a Knowledge-Based Economy
These achievements mark a significant shift in Saudi Arabia’s economic structure—from an oil-dependent model to a knowledge-driven digital economy. The transformation supports sustainable development and positions the Kingdom as a global leader in innovation.
Vision 2030 and the Future of the Digital Economy
Saudi Arabia’s digital momentum is a key pillar of Vision 2030, guiding the country toward a smarter, more connected future. Its success offers a blueprint for regional peers, demonstrating how strategic investment in technology and talent can drive national transformation.