RIYADH: Nationwide digital transformation will be essential to accomplish Saudi Vision 2030’s six-fold growth in nonoil revenue to SR1 trillion by 2030, the Kingdom’s largest organizations announced Wednesday.
Saudi Vision 2030 (the National Transformation Plan) aims to grow nonoil government revenue from SR163 billion ($43 billion) in 2015 to SR1 trillion ($266 billion) by 2030. The share of nonoil exports in the nonoil GDP is set to triple from 16 percent in 2015 to 50 percent by 2030.
In line with Saudi Vision 2030, many of the Kingdom’s government organizations and conglomerates are accelerating their digital transformation to drive innovation and jobs for Saudi nationals.
“Saudi Vision 2030 is a milestone for nationwide digital transformation — with public-private partnerships driving innovative new business models and solutions in the digital economy. With highly talented Saudi nationals and advanced technology infrastructure, the Kingdom is set to leapfrog established economies to become one of the world’s most innovative, from government to SMEs,” said Bill McDermott, CEO of global enterprise software company SAP.
With half of the Kingdom’s population under the age of 25 years old, the government is playing a key role in supporting the Saudi national work force participation.
“Synergy between the public and private sectors is essential for delivering on the goals of Saudi Vision 2030, and supporting the millennial work force of the future. SAP is working closely with the Kingdom’s public and private sector innovators to adopt real-time technology across government services, aviation, utilities, manufacturing, and banking to transform daily lives and business models,” said Ahmed Al-Faifi, MD, SAP Saudi Arabia.
Supporting the Saudi work force of the future, the SAP Training and Development Institute counts 35 university alliance partners that have trained thousands of students and localized products in Arabic for the Saudi market. As a result, SAP has generated an in-country value of $31 million in skills and knowledge in the Kingdom since 2012.
Saudi Vision 2030 (the National Transformation Plan) aims to grow nonoil government revenue from SR163 billion ($43 billion) in 2015 to SR1 trillion ($266 billion) by 2030. The share of nonoil exports in the nonoil GDP is set to triple from 16 percent in 2015 to 50 percent by 2030.
In line with Saudi Vision 2030, many of the Kingdom’s government organizations and conglomerates are accelerating their digital transformation to drive innovation and jobs for Saudi nationals.
“Saudi Vision 2030 is a milestone for nationwide digital transformation — with public-private partnerships driving innovative new business models and solutions in the digital economy. With highly talented Saudi nationals and advanced technology infrastructure, the Kingdom is set to leapfrog established economies to become one of the world’s most innovative, from government to SMEs,” said Bill McDermott, CEO of global enterprise software company SAP.
With half of the Kingdom’s population under the age of 25 years old, the government is playing a key role in supporting the Saudi national work force participation.
“Synergy between the public and private sectors is essential for delivering on the goals of Saudi Vision 2030, and supporting the millennial work force of the future. SAP is working closely with the Kingdom’s public and private sector innovators to adopt real-time technology across government services, aviation, utilities, manufacturing, and banking to transform daily lives and business models,” said Ahmed Al-Faifi, MD, SAP Saudi Arabia.
Supporting the Saudi work force of the future, the SAP Training and Development Institute counts 35 university alliance partners that have trained thousands of students and localized products in Arabic for the Saudi market. As a result, SAP has generated an in-country value of $31 million in skills and knowledge in the Kingdom since 2012.
