Today, KSA Minister of Communications and Information Technology, Engineer Abdullah bin Amer Al-Sawaha, met NVIDIA CEO, Jensen Hwang in Riyadh and they discussed the future of the digital economy.
During the meeting, they also discussed deepening the strategic partnership and supporting the growth of the digital economy in the region.
The meeting was held in the Kingdom since it took is considered the largest market for technology and innovation in the Middle East and North Africa.
The Kingdom of Saudi Arabia is rapidly transforming into a digital economy. The government and private sector are working together to drive digital innovation and entrepreneurship.
As a result of Saudi Vision 2030, which aims to diversify the economy and reduce its dependence on oil revenues, Saudi government has been actively promoting the digital economy through various initiatives and policies.
This will not only create new opportunities for economic growth, but will also drive innovation, create jobs, and improve the quality of life for people in the country.
Conversely, the Saudi digital economy is rapidly growing and evolving, driven by government support, private sector innovation, and the increasing adoption of digital technologies.
Saudi Vision 2030
The strategy aims to turn Saudi Arabia into a leader in the global industry, by enhancing the customer experience. In addition, it will improve safety and work towards a more sustainable future. So, the KSA strives to attract around 330 million visitors by 2030.
The private sector also has been playing a key role in driving the growth of the Saudi digital economy. In addition, the country has seen a surge in digital startups and technology companies, with a focus on sectors such as e-commerce.