Saudi Arabia is propelling itself into a new era of digital innovation. Fueled by an influx of foreign direct investment of $7 trillion which is projected to soar beyond $34.5 billion this yearThe government sector is spearheading IT spending in the Kingdom in 2023, with substantial investments being made in the areas of AI, IoT, cyber security, and big data analytics.
The key sectors of finance, communications, energy and resources, and manufacturing will be the next biggest spenders in 2023; however, the healthcare, finance, retail/wholesale, professional services, and education sectors are expected to see the fastest rates of growth over the next five years.
