Saudi Arabia in Business Vision

Explore current business landscape and opportunities for growth in Saudi Arabia.

Saudi Arabia is making significant progress in the global digital landscape, with a people-centric approach to digital transformation

The country is embracing technology and the digital economy, with strategic funding and agile regulation to accelerate investment in the digital economy. Also, Saudi Arabia is undergoing a digital transformation, with several new technologies and unprecedented interaction on social media platforms.

Saudi Arabia
Saudi Arabia

Saudi Arabia Vision 2030

Saudi Arabia’s Vision 2030 is a paradigm shift from a public sector-driven economy to one the state intends will be driven by the private sector as the main engine for economic growth and job creation.  Vision 2030 has created  opportunities for U.S. companies across industry sectors – particularly vis-à-vis the giga-projects (NEOM, Red Sea, and Diriyah Gate) – as well as in defense, ICT, renewable energy, mining and minerals, health, education, infrastructure, entertainment, and tourism.

Saudi Arabia digital sector

Saudi Arabia’s digital sector is valued at around $40 billion, comprising 318,000 jobs and making it one of the largest in the region
Saudi Arabia
Saudi Arabia

The country is poised to lead the MENA region in the digital economy, with further projected investments of $24.7 billion set for various technologies by 2025

Saudi Arabia is experiencing several new trends in the digital sector. Here are some of the latest trends in digital in Saudi Arabia:

  1. Digital transformation: Saudi Arabia is undergoing a digital transformation, with several new technologies and unprecedented interaction on social media platforms.
  2. Intelligent search: Intelligent search is one of the top trends of digital transformation in Saudi Arabia in 2022, according to a report by Alareeb ICT.
  3. Digital adoption: Consumers in Saudi Arabia are using digital channels to interact with an average of approximately 4.5 industries, according to a report by McKinsey & Company.
  4. Spending habits: Saudis are preferring to spend wisely rather than freely, with conversations related to offers, competitions, and discounts growing by over 49 percent year-on-year, according to a recent Twitter report.
  5. Cryptocurrencies: Saudis are keen on being more involved in the digital economy, particularly cryptocurrencies, with conversations around these seeing a 595 percent year-on-year increase, according to the same Twitter report.

Finally, Saudi Arabia is also an important contributor when it comes to sharing lessons learned on establishing a resilient and inclusive digital economy, Seha Virtual The country’s digital government services, such as Seha Virtual, offer ease of use across agencies, with a focus on putting such services on mobile devices first

In Conclusion,

Above all, Saudi Arabia is committed to creating a more sustainable economy and developing its digital government, making it a must-watch destination for those interested in the future of technology and innovation in business.

Therefore if you want to Discover Saudi Market and start your Business you have to get the Business Visa.

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