Saudi Arabia Leads Middle East Countries in Digital Services

Riyadh, Saudi Arabia /AFP
Riyadh, Saudi Arabia /AFP
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Saudi Arabia Leads Middle East Countries in Digital Services

Riyadh, Saudi Arabia /AFP
Riyadh, Saudi Arabia /AFP

Saudi Arabia ranked first in the field of digital services availability and development, according to the Government Electronic and Mobile Services (GEMS) Maturity Index, which is issued by the United Nations Economic and Social Commission for Western Asia (ESCWA) annually since 2019.

A statement by ESCWA said that GEMS measures performance in 84 government services that are essential to individuals in the various phases of their lives, and to businesses from their establishment through their operations to their closure. The Index is computed based on three pillars: availability and development of services; use of services and user satisfaction; and government efforts to publicize services.

In comments to Asharq Al-Awsat, Ahmed Al-Suwaiyan, Governor of the Saudi Digital Government Authority, pointed to the importance of unlimited support by the government and joint work among public agencies to provide distinguished digital services to citizens and enhance the competitiveness of the business sector.

He added that the great support provided by the Saudi government to the digital system had the greatest impact on the Kingdom’s superiority in the most important global indicators.

This success comes as a culmination of integration and joint work between government agencies to achieve government digital transformation as one of the goals of the Kingdom’s Vision 2030, Al-Suwaiyan underlined.

Eng. Muhammad Muzaffar, a member of the National Commercial Committee in the Federation of Saudi Chambers, told Asharq Al-Awsat that Saudi Arabia is keen to develop digital services, adding that the new achievement would further attract foreign investments.

Saudi Arabia has been ranked second globally among the G20 countries in the Digital Riser Report for the year 2021 issued by the European Center for Digital Competitiveness.

The Kingdom also topped the first group of the highest leading and innovative countries in the areas of providing government services and interacting with citizens according to the government technology report (GovTech) issued by the World Bank.



Saudi Digital Payments Market Attracts Global Investments

Visitors to the Fintech 24 Conference in Riyadh (Photo: Turki Al-Aqili)
Visitors to the Fintech 24 Conference in Riyadh (Photo: Turki Al-Aqili)
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Saudi Digital Payments Market Attracts Global Investments

Visitors to the Fintech 24 Conference in Riyadh (Photo: Turki Al-Aqili)
Visitors to the Fintech 24 Conference in Riyadh (Photo: Turki Al-Aqili)

Saudi Arabia is pushing to increase digital payments to 70% by 2030, creating significant opportunities for global companies to expand in the region.
According to the Saudi Central Bank, electronic payments in the retail sector grew by 12% in 2023, reaching 70% of total transactions. Cashless transactions hit 10.8 billion, up from 8.7 billion in 2022, driving international companies to establish regional headquarters and capitalize on this growing market.
Nouf Al-Salama, Business Development Manager at PayerMax, told Asharq Al-Awsat that the company has opened a regional office in Saudi Arabia to strengthen its presence in the Middle East and North Africa (MENA) region.
She noted that the Gulf Cooperation Council (GCC) countries are expected to experience rapid growth in e-commerce, with Saudi Arabia and the UAE leading the change. According to CNNB Solutions, both countries are seeing a compound annual growth rate (CAGR) of 39% and 38%, respectively.
Federico Pienovi, Head of Commercial Operations for Asia, the Middle East, and Oceania at Argentine company Globant, revealed the company’s ambitions to generate $1 billion in revenue in the Saudi market over the next five years.
He said that Saudi Arabia has been selected as Globant’s regional headquarters, although the company is expanding across the region. With these ambitions, Globant plans to create over 500 local jobs in the coming years, continue its expansion, support national talents, and work on major projects that bring cutting-edge technology innovations to the Kingdom, he underlined.
Mordor Intelligence projects a 15.4% CAGR for Saudi Arabia's payment market between 2022 and 2027, making it one of the most advanced markets transitioning towards a cashless society.
PayerMax estimates the global digital payments market, valued at $7.79 trillion in 2022, will reach $14.77 trillion within five years, driven by the growth of digital wallets, smartphones, and payment technologies. Emerging economies’ rapid smartphone adoption is expected to further fuel this growth.