Riyadh - Mubasher: Saudi Arabia is looking to become a technology hub for the Arab region, as the country plans to grow its cloud computing segment by 25% by the end of 2022.
It is expected that the Gulf nation will spend as much as $40 billion during 2018 to support the Saudi Vision 2030, a report by Microsoft showed on Monday.
The Saudi government is currently working on intensifying its focus on innovation and cloud technology to drive forward digitalisation, the statement by Microsoft showed.
“According to the World Economic Forum, the digital economy will be worth over $100 trillion globally by 2025, and Saudi is already positioned to ensure it benefits from this opportunity. Digital transformation truly is at the heart of Vision 2030,” Samer Abu-Ltaif, President of Microsoft Middle East & Africa, said.
Microsoft Transform 2018 is a strong platform that can handle Saudi Arabia's digitalisation, added its benefits for the government, banking, retail, manufacturing, and oil sectors, Abu-Ltaif added.
Moreover, Microsoft aims to create opportunities in order to support youth enablement and education for the country’s future.
The statements came during Microsoft Saudi's event held under the name Microsoft Transform 2018 on 5 February at the Four Seasons Hotel Riyadh. This is the second year for the US computing giant to host the event.
