The impact of the digital transformation on Saudi Arabia’s economy


The Kingdom of Saudi Arabia has the potential to double the size of the economy to SAR 6 trillion (USD 1.6 trillion), if it endorses, promotes and supports the digital transformation in the country.

This outlook was predicted in an Ernst & Young report commissioned by Automation Anywhere, a global specialist in robotic process automation (RPA) in Silicon Valley.

The study examined the impact of incremental intelligent automation adoption, a combination of robotic process automation (RPA) and artificial intelligence (AI).

The incremental intelligent automation adoption in the region will add SAR 1.1 trillion (USD 293 billion) to the gross domestic product (GDP) by 2030 in the optimistic scenario with 50%, SAR 690 billion (USD 184 billion) in the moderate scenario with 30% and SAR 386 billion (USD 103 billion) in the conservative scenario with 15%.

The study identified three critical components to accelerate intelligent automation. Firstly, public and private enterprises have to stimulate the digital transformation by providing fast and secure services using cloud technology. Secondly, the country needs to increase specialised digital based training and development for the workforce. Thirdly, a stronger ecosystem has to be developed to allow start-ups and scale-ups, small business, small and medium enterprises and academia to drive innovation.

In general, the Middle East as a region has an agenda driven by governments which includes a strong appetite for technology. We are currently witnessing a healthy uptake of automation adoption in segments including banking and insurance, tourism, energy and metals.

Automation Anywhere noted that the pandemic has highlighted the need to build strong a digital business infrastructure which is scalable, effective and efficient. It will allow organizations to function under most adverse and severe circumstances.

Saudi Arabia has laid the foundation for a bright future through the Saudi Vision 2030, a strategic framework to decrease the country’s dependence on oil and to diversify the economy. An important part of the plan is to actively promote private and public partnerships and to develop the services in sectors such as health, education, infrastructure, entertainment, recreation and tourism.

Please click on the link and reach out to learn more about the digital transformation in the Kingdom of Saudi Arabia as well as the initiatives of Business Start Up Saudi Arabia.

Other News

BSUS News 12 - 020.00 - Thumb

Turkey and Saudi Arabia enroute to revive ties after visit

Saudi Arabia`s King Salman welcomed Turkish President Tayyip Erdogan recently at the al-Salam palace in the Red Sea city of Jeddah.

It is hoped the visit will lead to the normalisation of relations...

Read more
BSUSA News 11 - Thumb

Saudi Arabia improves status of foreign investors

Saudi Arabia`s most recent investment law is expected to increase international business in the country by 50 percent and significantly increase the country’s non-hydrocarbon gross domestic product.


Read more
BSUS News 18 - Thumb

Saudi Arabia’s economic performance in 2021

Saudi Arabia`s economy recovered in 2021 after a difficult year with the restrictions of the pandemic as national, regional and international vaccination campaigns were rolled out and had an effect also...

Read more
News 9 - Thumb

Saudi Arabia is breeding ground for success stories

The most recent news from Saudi Arabia suggest that the country has a lot of potential for entrepreneurs,...

Read more
BSUS News 10 - Thumb

Saudi Arabia launches Al Ula masterplan

Saudi Arabia has launched “The Journey Through Time” masterplan to develop the 200,000 year old area of Al Ula. It will be implemented in three phases with the first phase set to be completed by 2023...

Read more
News 7 - Thumb

Saudi Arabia speeds up privatisation plans with PPP

Saudi Arabia is committed and dedicated to the economic transformation program and is witnessing...

Read more
News 6 - Thumb

Saudi Arabia’s business activity expands rapidly

The Kingdom of Saudi Arabia has seen an increase in the business activity at the fastest pace since 2017 according to the most recent figures for the first half of the year.

[The Purchasing Managers...

Read more
News 5 - Thumb

Saudi Arabia reforms sponsorship rules and limits disputes

Saudi Arabia’s sponsorship reforms have led to more job mobility and less labour disputes.

The Ministry of Human Resources & Social Development introduced the new...

Read more

Page Break