RIYADH: Saudi Arabia topped the list of leading countries in the digital economy, SPA reported, citing Minister of Communications and Information Technology, Abdullah Alswaha, during his speech to the G20 digital economy ministers’ meeting.
Bridging the digital gap globally is the way to achieve inclusiveness and prosperity of societies, Alswaha said.
Regulations in the field of innovation should be flexible enough to stimulate creativity and keep pace with the rapid pace of change that is driven by digital transformation, he said.
The Green Saudi Arabia and Green Middle East initiatives, launched by Crown Prince Mohammed bin Salman, are an addition to investment in new environment-friendly industries and markets.
NEOM City, the largest global platform for innovators, is an ideal example of harmonizing regulation and innovation, to achieve well-being and preserve the environment through the adaptation of technology and innovation, Alswaha said.
Saudi Arabia took part in a G20 digital economy event on Aug. 5, where ministers discussed key issues related to digital transformation ahead of a final communique that will be endorsed by heads of states and governments at the Rome Summit.
The Kingdom has already realized qualitative achievements in this regard, mainly the unanimous approval of countries on a roadmap to measure and define the digital economy, in addition to adopting artificial intelligence principles.