Market insight

ICT Sector Growth Saudi Arabia 2024

Digital economy activity outpaces hydrocarbon sectors as cloud, fintech, and government digitisation accelerate adoption.
  • 2024
  • Sector
  • Saudi Arabia
  • Technology
  • 1 min read

Information and communication technology (ICT) activity in Saudi Arabia benefits from cloud adoption, fintech licensing, gaming, and government digitalisation (DGA, NCA cybersecurity frameworks). GASTAT sector accounts show ICT as a growth outperformer relative to hydrocarbon extraction.

Technology entrants should map MISA activity codes, data residency expectations, and NCA Essential Cybersecurity Controls where processing Saudi citizen data. Start from Technology sector and platform guides in Motaded Library before hiring delivery teams in Riyadh or Khobar.

Go-to-market

Enterprise sales cycles often require local CR, VAT registration, and Saudisation-compliant headcount — budget 3–6 months for operational readiness after licence approval.

Data source

CST / GASTAT

Official indicators and publications

CST / GASTAT

World Development Indicators and official statistical releases.

View source

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