Cybersecurity is a priority for Saudi Arabia, a country that is making significant investment in boosting its capacity and is rapidly advancing as a global leader in the space. The Kingdom was the top-ranked Arab country in the International Telecommunication Union’s 2018 global cybersecurity index, and ranked 13th overall out of 175 countries...
Saudi Arabia introduced key changes in recent years related to ICT, including the creation of new oversight authorities and regulatory frameworks. These reforms are expected to help further develop and support growth in the sector as the country shifts towards a knowledge-based economy. As a sign of the importance that the Kingdom places on...
Managed services such as cloud computing have seen significant growth in Saudi Arabia in recent years. This was reflected in the Kingdom’s jump of 16 places in the ICT adoption pillar of the World Economic Forum’s 2019 global competitiveness index, with the country ranking 38th out of 141 countries, up from 54th in 2018. Both the public and...
With one of the highest military spends worldwide, Saudi Arabia is in the midst of restructuring its defence sector and expanding its military industry to greater higher added value can be generated for the national economy. The sector has witnessed significant change over recent years, with major reforms under way across all subsectors of the...
Efforts are under way to significantly expand domestic military and aerospace manufacturing capacity and foster a localised defence ecosystem. The country is pushing for greater localisation of its defence industry in order to reduce military hardware imports and stimulate the Kingdom’s industrial base. While still in its preliminary stage,...
Saudi Arabia is making efforts to consolidate and expand its petrochemicals industry through a series of new mergers and partnership deals. By far the biggest development in the sector was the finalisation of an agreement in March 2020 for the purchase by Saudi Aramco of a 70% stake in SABIC. The proceeds from the deal, which stand at $69bn,...
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