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Digital transformation in Saudi Arabia, vision and investment opportunities Featured

(باللغة العربية)  

The main objective of the digital transformation process developed in the vision of the Kingdom of 2030 is to move the Saudi economy from the state of economic activity based on oil revenues mainly to the state of economic activity, which is characterized by diversity in sources of income and which ensures sustainable economic development and reduction of leaks in Capital and services abroad The estimated amount of money spent on medical services paid by Saudis abroad is estimated at SR 2 billion (540 million dollars). In the education sector, Saudis spend about 15 billion riyals ($ 4 billion) abroad and in foreign tourism. To about 30.5 billion riyals ($ 8.1 billion), while the leakages in the capital invested is estimated at about 312 billion riyals ($ 84 billion) in the year 2018 only.

   The Digital Transformation Plan aims to enable the realization of the vision of 2030 by moving to a digital society based on interaction, exchange of experiences, biographies and a digital economy that creates an environment conducive to entrepreneurship, new functions and a digital government based on data sharing and digital services.

 

Transformation strategy

The strategy of digital transformation is based on the transformation of the digital world and work in this phase on four axes focused in four sectors, education, health, electronic commerce and smart cities, through the establishment of digital units of the concerned ministries, and highlights the progress in the process of digitization through the achievement of many achievements, the most important is the virtual school experience and the smart classrooms in the education sector, consulting and health services remotely in the health sector, which provides all citizens the ability to get medical consultations for three times a month for free via Smartphone applications. In addition, a number of smart city applications have been activated such as car parking, light signals and intelligent waste management in a number of Saudi cities. In terms of e-commerce, the digital and legal environment is being developed to expand the size of the electronic market in the Kingdom. To provide greater transparency and reliability in e-commerce exchanges. The development and support of the e-commerce environment has played an important role in promoting the growth of this sector. The Kingdom witnessed a remarkable development in the volume of e-commerce, The number of electronic stores registered in the Kingdom reached 25501 electronic stores in 2018, which indicates the growing importance of this sector, which coincides with the rise in the number of Internet users in Saudi Arabia, which reached 88% of the total population The development of the legal and digital environment in Saudi Arabia was reflected in an advanced ranking in the United Nations e-commerce and online shopping index, particularly between companies and consumers, ranking 52 out of the 151 countries surveyed, indicating to some extent the will of the relevant policies to develop this evolution Important and vital sector.

Investing in digital transformation

The process of digital transformation necessitates the necessity of quality equipment and in huge quantities. It also requires large investments in infrastructure projects and pioneering ideas that contribute to the digital transformation process through smart and innovative solutions. This opens the door for entrepreneurs and entrepreneurs to establish their own businesses and make profitable investments by keeping pace with the transformation process. For example, in the field of digital transformation, the Saudi government has contracted a $ 1.6 billion ($ 420 million) smart board supply contract with the Education Technology Development Company to support the education sector and smart classrooms, Stamps for electronic ones in Saudi schools, and we can imagine the electronic equipment needed for all Saudi schools and the size of applications "and later universities" to carry out the process of digital transformation, a process for quite some time and require huge investments. The same applies to Smart City projects and the health sector in the Kingdom.

Last modified on Sunday, 04 August 2019 02:05
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