Riyadh - Sharikat Mubasher: Saudi Arabia’s digital economy has experienced rapid growth in recent years, triggered by sustained investment in infrastructure and the adoption of advanced technologies.

According to the Vision 2030 Annual Report 2025, the digital economy contributed 15.8% to the national gross domestic product (GDP) in 2025, while the information and communications technology (ICT) market reached SAR 199 billion ($53 billion).

To support innovation and startups in the technology sector, the Kingdom launched more than 500 programs and initiatives, notably the National Technology Development Program (NTDP), The Garage, and the Digital Entrepreneurship Center (CODE).

In 2025, NTDP allocated SAR 2.5 billion ($670 million) to back startups, supporting more than 3,000 companies and benefiting over 3,500 male and female entrepreneurs. NTDP-supported startups successfully secured SAR 9 billion in venture capital in 2025, creating more than 20,000 jobs. The program has also helped establish more than 1,050 technology startups over the past four years.

The Garage achieved more than SAR 3.7 billion in startup valuations over the past two years, graduating over 600 startups, which created over 7,500 jobs.

The report showed that over SAR 477 million has been invested in CODE startups across 60 investment rounds. The center also supported more than 800 startups and over 16,000 beneficiaries.

These figures reinforce Saudi Arabia’s position as one of the largest and fastest-growing digital markets in the region. They also reflect the central role of the technology sector in non-oil economic growth, attracting global technology companies and strengthening international partnerships.