Overview
Overview
By adopting new cutting-edge technologies and digital platforms, the Kingdom is rapidly progressing toward becoming a digital nation. The widespread adoption of e-commerce, artificial intelligence (AI), cloud computing and FinTech, is transforming the local market. A slew of new startups has sprung up to put these new technologies to work to meet rising customer demand, indicating that digital transformation offers significant investment opportunities for early market entrants in the technology and platforms segment.
$13 - BN
e-commerce market size in 2021, a 45% share of the GCC market
32 - %
growth of the e-commerce market from 2015 to 2020
$33 - BN
expected FinTech transactions value by 2023
$20 - BN
data and AI investments by 2030
22 - %
increase on expected cloud computing spending by 2024, reaching $6 billion
300 -
dedicated data and AI startups to be established by 2030
Value Proposition
Artificial Intelligence
Actionable data and AI strategy that is already bearing fruit.
Commitment to local talent training in data and AI.
Ambitious investment targets.
E-commerce
Region’s largest and most lucrative e-commerce market.
Attractive e-commerce investment destination.
Big multinationals have already chosen Saudi Arabia.
Cloud computing
Emerging leader in cloud services.
Modern regulatory framework.
FinTech
Rapid growth of local FinTech services demand.
Growing number of FinTech players leveraging the local investment ecosystem.
contact our Expert
Thank you for your interest in the Invest Saudi.
We received your inquiry, and we will get back to you shortly.
