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.

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.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Features & Analysis
Glad to see Obama go, Gulf Arabs expect Trump to counter Iran

Glad to see Obama go, Gulf Arabs expect Trump to counter Iran

Trump seen as a strong president who will shore up Washington...

Markets cheer Saudi deficit-cutting but finances still hostage to oil

Markets cheer Saudi deficit-cutting but finances still hostage to oil

Cost of insuring against a Saudi sovereign debt default fell...

Saudi-Iran crisis, economic woes strain Oman's neutrality

Saudi-Iran crisis, economic woes strain Oman's neutrality

Oman has never found it easy to balance relations with Saudi...

Most Discussed
sponsoredTracking