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Economic Impact of Saudi Geospatial Information Stands at $10.6b Annually

Economic Impact of Saudi Geospatial Information Stands at $10.6b Annually

Wednesday, 23 March, 2022 - 09:30
Buildings are seen in Riyadh, Saudi Arabia, December 18, 2017. Picture taken December 18, 2017. REUTERS/Faisal Al Nasser

The economic impact of geospatial information according to 7 major sectors in Saudi Arabia is estimated between SAR 22 billion ($5.8 billion) and SAR 40 billion ($10.6 billion) annually.


Saudi Arabia’s General Authority for Survey & Geospatial Information, in cooperation with the World Bank, announced the results of a study on the economic impact of geospatial information and its techniques on the Saudi economy.


The study is seen as one of the main requirements for implementing the plan for investment opportunities in geospatial space and information.


It included the most important sectors according to the Kingdom's vision 2030, which are: infrastructure, energy, health, education, public safety, security and disaster risk management, and trade.


The study came to define the importance and impact of geospatial information on the economy and national development in the Kingdom.


It seeks maximizing the benefits of information for government agencies and the private sector.


Many government and private agencies participated in workshops to analyze use cases of geospatial information according to the best international practices and in line with the local market.


It is noteworthy that the General Authority for Survey & Geospatial Information works on organizing, upgrading, supervising, and monitoring the geospatial survey and information sector to ensure quality and improve performance.


It also prepares the sector to be attractive to investment, stimulating its growth and protecting the interests of the beneficiaries.


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