Search Site

Trends banner

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Saudi Arabia jumps to second rank in ICT index among G20 nations

The future impact of AI depends heavily on the decisions made today in terms of policy, design, and investment.
  • The index monitors the economies of 169 countries to measure their progress in ICT services through two main pillars ‘universal connectivity’ and ‘meaningful connectivity.
  • It reflects the robust and developed digital infrastructure, with an increase of 99 percent of Internet penetration rate in Saudi Arabia.

Riyadh, Saudi Arabia — Saudi Arabia jumped 10 ranks to second place among the G20 countries according to International Telecommunication Union’s ICT Development Index (IDI) 2023.

The Information and Telecommunication Technology index monitors the economies of 169 countries to measure their progress in ICT services through two main pillars ‘universal connectivity’ and ‘meaningful connectivity’ and evaluate some factors such as providing a high-quality infrastructure, as well as maintaining a safe and secure internet for everyone.

The IDI reflects Saudi Arabia’s strong ICT infrastructure and the affordable and reliable services, which directly contribute in the development of the national digital economy, attract investment and increase the size of Saudi ICT market.

Moreover, the index highlights Saudi Arabia’s commitment to develop its ICT infrastructure and services to boost economic growth and create opportunities, which places the Saudi ICT market as the largest and the fastest growing in the MENA region.

It reflects the robust and developed digital infrastructure, with an increase of 99 percent of Internet penetration rate in Saudi Arabia.

Therefore, it contributed to the goals of Vision 2030 to achieve international leadership in digital growth by investing more than 93 billion SAR as total capital investments in the digital infrastructure over the past six years, which placed Saudi Arabia among the leading positions in international indicators.

The ICT Development Index (IDI) is published by the ITU to monitor the progress of the ICT sector since 2009, while providing inclusive and transparent data and methodology submitted by Member States and experts in the field.