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alt="Saudi Arabia Set to Become Global Data Hub, Expands Beyond Oil"
The Arabian News > Economics > Saudi Arabia Set to Become Global Data Hub, Expands Beyond Oil
Economics

Saudi Arabia Set to Become Global Data Hub, Expands Beyond Oil

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Saudi Arabia is positioning itself to become a leading global data hub, planning to export data as part of its broader strategy aimed at getting its economy off oil. The new move falls in line with the “Vision 2030” roadmap, which has committed to reducing dependence on fossil fuels through investment in non-oil sectors, such as technology and data. With big data, the kingdom will achieve robust digital infrastructure capable of attracting business globally, while innovation can take place in many areas.

The initiative is on building world-class data centers, improving data management, and ensuring cybersecurity to meet international standards. The plan by Saudi Arabia to capitalize on its strategic location and technological advancements could position it as a key player in the global data market in view of the rising digital economy. The government is also interested in foreign investment and, meanwhile, creating job opportunities in the tech sector.

This drive for data export is considered to be one of the steps in enhancing technological capacities of Saudi Arabia, which at the same time will contribute towards growth and sustainability of its economy. It will also enable access to the high demand of data in the global arena that, ultimately, propel it to becoming a hub of innovation and digital transformation leader.

As the Kingdom continues to transform its economy, the move towards becoming a global data hub reflects Saudi Arabia’s forward-thinking approach and its commitment to a diversified, tech-driven future.

 

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