Close Menu
The Oasis Report | Latest Saudi Arabia News & Updates
  • Home
  • Analysis
  • Business
  • Economy
  • Finance
  • Investor
  • Opinion
  • Saudi Arabia
  • Startups
What's Hot

Transfer of ISIS prisoners from Syria to Iraq completed – Saudi News

February 12, 2026

Aramco’s financial results to be announced on March 10 next year – Saudi News

February 12, 2026

CapitaLand Investment opens office in Dubai International Financial Center

February 12, 2026
Facebook X (Twitter) Instagram
Trending
  • Transfer of ISIS prisoners from Syria to Iraq completed – Saudi News
  • Aramco’s financial results to be announced on March 10 next year – Saudi News
  • CapitaLand Investment opens office in Dubai International Financial Center
  • Stocks near record highs on bullish U.S. jobs report
  • Saudi Arabia allows foreign airlines to operate commercial aircraft ‘upon request’ – Saudi News
  • After the rise of ‘green paper’…gold reaches $5,087 – Saudi News
  • Egypt and Italy consider deepening oil and gas cooperation
  • The yen is headed for its best week of the year as the “buy Japan” buzz grows
  • Home
  • About Us
  • Advertise With Us
  • Contact US
  • DMCA
  • Privacy Policy
  • Terms and Conditions
Facebook X (Twitter) Instagram
The Oasis Report | Latest Saudi Arabia News & UpdatesThe Oasis Report | Latest Saudi Arabia News & Updates
Thursday, February 12
  • Home
  • Analysis
  • Business
  • Economy
  • Finance
  • Investor
  • Opinion
  • Saudi Arabia
  • Startups
The Oasis Report | Latest Saudi Arabia News & Updates
Home » Saudi digital economy worth $140 billion, accounting for 50% of MENA growth

Saudi digital economy worth $140 billion, accounting for 50% of MENA growth

adminBy adminFebruary 12, 2026 Business No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


RIYADH – Minister of Communications and Information Technology Abdullah Al-Swah said the value of the Saudi digital economy has grown to nearly $140 billion, accounting for more than 50 percent of the growth of the Middle East and North Africa’s digital economy.

“Saudi Arabia’s performance in the digital era reflects its ability to transform vision into tangible results,” he said on Wednesday while attending a panel discussion held as part of the Microsoft AI Tour in Riyadh 2026.

Al-Swah said Saudi Arabia, with the support and direction of Crown Prince and Prime Minister Mohammed bin Salman, is moving rapidly to strengthen its position as a global hub in the age of artificial intelligence by investing in computing and capital and enabling customers to expand from Saudi Arabia to global markets.

The minister said data center capacity has increased from less than 80 megawatts to more than 440 megawatts, and eight high-tech startups have reached unicorn status so far. He said the focus on developing national capabilities was a strategic turning point as the number of technology professionals increased from 150,000 to more than 406,000, making the Kingdom one of the region’s largest technology talent hubs and strengthening its readiness to lead in the intelligent era.

Alswaha said that leading the artificial intelligence (AI) race requires three core elements: computing, capital and customers, and stressed that Saudi Arabia provides these enablers to help its partners expand globally. “Saudi Arabia has worked to address three major global gaps: the computing gap by ensuring reliable energy sources to support data centres, the algorithm gap by developing advanced Arabic language models to serve more than 400 million Arabic speakers, and the data gap by strengthening training and deployment integration to ensure accuracy and reliability in critical areas,” he said.

The Minister confirmed that the Kingdom is working with the world’s leading technology companies to develop an integrated ecosystem to drive the growth of the smart economy and strengthen its role as a global platform for innovation and expansion of AI solutions.

© Copyright 2026 Saudi Official Gazette. Unauthorized reproduction is prohibited. Provided by SyndiGate Media Inc. (Syndigate.info).



Source link

admin
  • Website

Keep Reading

Stocks near record highs on bullish U.S. jobs report

The yen is headed for its best week of the year as the “buy Japan” buzz grows

Saudi Arabia’s crude oil supplies to China will increase to multi-year high in March, sources say

Middle East factors to watch on February 12th

GCC companies will maintain strong creditworthiness in 2026: S&P

Camco Investment and Buddy plan to develop iconic tower on Riyadh’s Sports Boulevard

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

CapitaLand Investment opens office in Dubai International Financial Center

February 12, 2026

Egypt and Italy consider deepening oil and gas cooperation

February 12, 2026

Qatar Energy wins Libyan offshore exploration license

February 12, 2026

Dubai records record daily real estate transaction value of $4.25 billion

February 12, 2026
Latest Posts

Subscribe to News

Subscribe to our newsletter and never miss our latest news

The Oasis Report is an independent digital news platform dedicated to delivering timely, accurate, and insightful coverage of Saudi Arabia. Our mission is to keep readers informed about the Kingdom’s rapidly evolving political, economic, social, and cultural landscape.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact US
  • DMCA
  • Privacy Policy
  • Terms and Conditions
© 2025 theoasisreport. Designed by TeraSolutions.io

Type above and press Enter to search. Press Esc to cancel.