H.E. Eng. Abdullah Alsawaha, the Minister of Communications and Information Technology, expresses his sincere appreciation and gratitude to the Custodian of the Tow Holy Mosques King Salman bin Abdulaziz AlSaud and H.R.H the Crown Prince and Prime Minister, on launching The Cloud Computing Special Economic Zone with the other 3 zones across the Kingdom.
Eng. Alsawaha explained that the Cloud Computing SEZ will promote Saudi Arabia’s position and regional leadership as a global investment hub, and open new perspectives for development by enabling many emerging technologies and different sectors to flourish and develop as a key progress accelerator. The zone and cloud computing companies, in collaboration with the other three zones, will diversify the national economy, and increase non-oil resources and investment in emerging companies, thereby training and hiring national capacities and supporting entrepreneurs through cloud services, in addition to supporting innovation and academic research and the establishment of a regional developers community.
Also, Dr. Mohammed Altamimi, CST Governor, expresses his thanks to the wise leadership in launching the zone to be governed and managed by CST in collaboration with the Economic Cities and Special Zones Authority (ECZA) and success partners., demonstrating that the zone aims to attract cloud computing global companies which will play a key role in stimulating the adoption of modern technologies and Industry X.O..
The zone will promote the Kingdom reputation as As an investment destination for technical companies in the region and a vital centre with flexible systems, competitive advantages and special systems and regulations. In addition to the incentives and exemptions offered to companies, which will maximize the influence with the presence of small companies, aiming to establish an ecosystem of tech companies and jobs in specific tech majors such as AI, Machine Learning, quantum computing, Blockchain and other advanced technologies.
Saudi Arabia is one of the first countries to adopt specific regulations and regulatory frameworks for cloud computing providers, which aims to encourage the public and private sectors to adopt Cloud services rather than traditional IT solutions. CST's role lies in regulating the ICT sector in Saudi Arabia by implementing policies, regulations, and approved programs to develop IT and Emerging Technologies as well as putting the appropriate procedures and proposing related regulations, in addition to coordinating with the competent entities to adopt them. As well as ensuring a fair competitive environment, and issuing the required licenses according to the Kingdom's regulations and conditions.
For more information, visit the Cloud Computing SEZ page below:
https://www.cst.gov.sa/sl/CloudSEZ
Source: https://www.cst.gov.sa/en/mediacenter/pressreleases/Pages/20230414.aspx