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ABU DHABI / WAM
As the Saudi ICT market tops SAR 127 billion ($33.87 billion) , cloud investment will fast-track Saudi Vision 2030 goals and Smart Cities growth, according to the newly-appointed MD of Saudi Arabia, SAP.
Cloud investment is gathering momentum, with Saudi organisations increasing software spend by 5.5 percent, increasing the Saudi ICT market to SAR 127 billion, according to a recent report by IDC. SAP supports cloud adoption with the recent go-live of the SAP Public Cloud Data Center in the Kingdom.
Major cloud opportunities include supporting Saudi Vision 2030 nationwide digital transformation, and the development of NEOM, one of the world’s largest and most innovative Smart Cities backed
by $500 billion in investment in foundational technologies across sustainability, connectivity, and mobility.
“The time is now for cloud, with every Saudi industry vertical investing in the cloud. Our SAP Public Cloud Data Center is the ‘rocket fuel’ that will enable business competitiveness, Saudi Vision 2030’s nationwide digital transformation, and the growth of Smart Cities led by NEOM,†said Khaled Alsaleh, Managing Director, SAP Saudi Arabia. “Saudi organizations are seeing strong success in using the cloud for delivering real-time digital business models that can be scaled up as organizations expand.â€