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Saudi Arabia jumps record 16 places in ICT pillar on Global Competitiveness Index

09 Oct 2019
Saudi Arabia jumps record 16 places in ICT pillar on Global Competitiveness Index

Kingdom of Saudi Arabia has made major progress in the Global Competitiveness Index (GCI 2019), jumping 16 positions in the ICT Adoption pillar to rank 38 globally owing to the widespread of broadband technology and improvement in the country’s digital infrastructure.

Saudi Arabia also achieved a leading position among the largest economies in IT governance. It also placed 3rd among the G20 countries and 11th globally ahead of Britain which ranked 15th and China which ranked 24th. This index measures this pillar by how fast the legal frameworks in the country are adapting to digital business models such as e-commerce, shared economy and financial technology.

Minister of Communications and Communications and Information Technology H.E Eng. Abdullah Al-Swaha noted the Saudi leadership’s support for the five-year ICT strategy implemented by Ministry of Communications and Information Technology and their drive to fulfil the goals of Vision 2030.

According to the report, the determination of Saudi Arabia to initiate a process towards structural transformation of its economy is mostly visible in terms of ICT adoption, a pillar where the country has gained 9.4 points. Underpinning this result is the rapid deployment of broadband technology (subscriptions to broadband internet have increased from 90 to 111 per 100 people) and a significant increase in internet users (+18.4%, 13th).

GCI, issued by the World Economic Forum, measures the strength of 141 countries through 103 key indicators –lumped in 12 index pillars– such as inflation, digital skills and trade tariffs.

GCI ICT Minister of ICT MCIT e-Commerce Shared Economy ICT Strategy Saudi Arabia Vision 2030 FinTech

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