Arab News, Thursday, Sep 10, 2020 | Muharram 22, 1442
Saudi Arabia tops G20 digital competitiveness rankings
Saudi Arabia: Saudi Arabia has been ranked first among 140
nations for its digital competitiveness as it invests heavily in the technology
sector.
The Kingdom beat France, Indonesia and China to claim top spot among the G20
member states covered by the World Competitiveness Report, according to a
statement carried by SPA. The findings were based on data provided by the World
Economic Forum and the report analyzed how much progress countries had made
relative to their global peers in the last three years.
“There are two main drivers,” said Philip Meissner, founder of the European
Center for Digital Competitiveness, which compiled the study. “The champions in
our report have a clear strategic vision that they swiftly implement and the
second is that they all invest a lot in startups, in future technologies and in
innovation in general.
Technology is a key driver of Saudi Arabia’s Vision 2030 blueprint for economic
and social reform. As the Kingdom seeks to reduce its reliance on the volatile
oil industry it has become an increasingly high profile investor in global
technology companies and encourages more of its graduates to pursue careers in
the sector.
Within the G20 countries, Saudi Arabia was the top digital riser, while India
and Italy fell significantly behind.
“Saudi Arabia’s outperformance can be mainly explained by its “ICT Strategy
2023”, which was launched in 2018 to transform the kingdom into a digital and
technological powerhouse,” the report said. “Furthermore, the smart city project
NEOM, to which the government allocated $500 billion, also highlights
aspirations around the “Saudi Vision 2030.”
Elsewhere in the Middle East, Iran and Lebanon dropped significantly, although
the region in general performed well with nine out of 14 countries improving
their relative digital competitiveness.
Morocco and Saudi Arabia improved the most in the "ecosystem" and "mindset"
dimensions, respectively.
Iran’s decline was mainly driven by the ecosystem dimension, while it also
scored poorly on the mindset measure.