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Saudi Arabia launches a digital economy policy

Thursday, 12 31 2020, Category: Technology, Country: Saudi Arabia
The Minister of Communications and Information Technology, Chairman of the Saudi National Committee for Digital Transformation, Eng. Abdullah bin Amer Al-Swaha, explained that the approval of the Council of Ministers to launch a digital economy policy is a road map, which clarifies the Kingdom’s directions for government agencies, the private sector, and the international community in issues related to the digital economy, to encourage investment, accelerate local technical leadership and to attract international partnerships based on transferring expertise and cooperation in the field of innovation and technical and digital transformation, according to “SPA”.

The digital economy policy is an extension of the Kingdom’s efforts during its presidency of the G20 2020 in overcoming obstacles and addressing the challenges to expanding the base of private sector participation in the digital economy, by enabling and defining a framework for a reliable economy centered around people, in addition to that it is based on seven basic principles for developing an adequate environment. It includes access, including digital infrastructure, data and digital platforms, technologies, innovation, human capital, social prosperity and inclusiveness, confidence in the digital environment and market openness.

Moreover, the prosperous economy is one of the pillars of the Kingdom’s 2030 vision, and the Kingdom aims to raise its economy to the first “15” ranks in the world, by creating an attractive investment environment and diversifying its economy to raise the proportion of non-oil exports.

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