Dubai: The cybersecurity market in Saudi Arabia reached $3.5 billion (Dh12.8 billion) in 2024, according to the National Cybersecurity Authority.The private sector contributed 69 per cent, while government spending made up the remaining 31 per cent, according to a report by Saudi financial news portal Argaam.com. The sector’s contribution to the gross domestic product (GDP) was 0.39 per cent, and it contributed 0.81 per cent to the non-oil GDP.
The report highlights that the cybersecurity sector’s total contribution to GDP, at current prices, was $4 billion (Dh14.6 billion). This includes a direct contribution of $2.2 billion (Dh8 billion) (55 per cent) and an indirect contribution of $1.8 billion (Dh6.6 billion) (45 per cent). The Authority reported that there are 353 registered providers of cybersecurity products, solutions, and services. This includes 11 large establishments, 37 medium-sized, 273 small, and 32 micro establishments.
With the overall GDP valued at USD 4. 18 trillion, India has surpassed Japan to…
By Joseph Maliakan The new Bill introduced by the Union government , Viksit Bharat -…
By Joseph Maliakan Betrand Russel, plilosopher and logician was arrested in 1961 at the ripe…
Joseph Maliakan The Supreme Court of India on Thursday 27 November 2025 suggested the Union…
Joseph Maliakan Seven months of January to July 2025 , witnessed an unprecedented 334 incidents…
Muscat : Set to take place in Muscat this October, the 2025 edition of the…
This website uses cookies.