Digital economy in Saudi Arabia to be worth over $50 bln: SAMA official

15/03/2023 Argaam
Khaled Al-Dhaher, Vice Governor of Supervision and Technology, SAMA

Khaled Al-Dhaher, Vice Governor of Supervision and Technology, SAMA

Digital economy in Saudi Arabia will be worth more than $50 billion, with a compound annual growth rate (CAGR) of 20%, Khaled Al-Dhaher, Vice Governor of Supervision and Technology at the Saudi Central Bank (SAMA), said. 

 

“The Saudi financial sector is very solid, well-regulated and creates opportunities in different sectors,” he added during a panel session at the second edition of the Financial Sector Conference today, March 15.

 

Data is very important. It should be used, regulated and protected, Al-Dhaher added, noting that regulations currently provide this.

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