Saudi Arabia to develop ICT sector

Saudi Arabia’s Council of Ministers has approved a plan to develop the country’s telecom and information technology sectors, according to a report in Arab News.

The council of ministers said it planned to transform the Kingdom into a knowledge-based society and digital economy, and to make its telecom and IT industries a major source of income.

Saudi Arabia has already made a significant commitment to the ICT sector with the development of its first Knowledge Economic City in Madinah.

The city will have a technological and economic information centre, a campus for medical research and biosciences, and a centre for studies in Islamic civilization.

It is expected to attract investments worth more than US$6.7 billion and to create 25,000 new jobs.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Features & Analysis
Abandoned in Saudi desert camps, migrant workers won't leave without pay

Abandoned in Saudi desert camps, migrant workers won't leave without pay

Plight of workers has alarmed their home countries and drawn...

2
Saudi Arabia, other issuers gear up as Gulf bond crush looms

Saudi Arabia, other issuers gear up as Gulf bond crush looms

Cash-strapped region gears up for one of its heaviest-ever periods...

Saudi central bank fights to curb money rate rise

Saudi central bank fights to curb money rate rise

Commercial bankers say more radical steps may be needed to fight...

Most Popular
Most Discussed
sponsoredTracking