Digital Economy
In an agreement with the World Bank, Saudi Arabia formed a public-private partnership to accelerate digital transformation in developing countries.
The move will enhance the digital economy in the Middle East and North African region, said a top official.
In an exclusive interaction with Arab News, Issam Abousleiman, regional director, Gulf Cooperation Council countries at the World Bank, said that an integrated digital economy could produce a lot of jobs in the MENA region and increase the gross domestic product by $1.6 trillion.
He added that the MENA region’s GDP per capita could increase to $7,000 with the extra deployment of digitalization and artificial intelligence.