All Care Group
ALL CARE GROUP
Investment · Saudi Arabia
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Sector Playbook

Technology in Saudi Arabia – $18B market, 15% CAGR.

Saudi Arabia is the largest digital market in MENA – mobile-first, government-mandated to digitize, and capitalized by PIF, stc and Mobily. This guide maps the practical investor path.

$18B
IT market size 2024
12–15%
CAGR
97%
Smartphone penetration
146+
Licensed fintechs

Priority sub-sectors

Data centers (Tier III/IV)
PIF, stc, Mobily and NEOM all expanding. Cloud Computing SEZ offers 0% corporate tax for qualified ops.
Cloud services
Sovereign cloud mandate (CCC) – hyperscalers operating via Saudi entities. AWS, Oracle, Google Cloud regions live.
Cybersecurity
NCA mandatory ECC compliance for all government and CNI operators. ~$5B market by 2030.
Fintech
SAMA Regulatory Sandbox + Open Banking framework. Payments, BNPL, insurtech, wealth-tech.
AI & ML
National AI Strategy – SDAIA leading. HUMAIN (PIF) is the Arabic-LLM national champion.
E-commerce enablement
SAR 260B GMV by 2030 target. Last-mile logistics, payments, returns – open ecosystem.

Regulatory stack

  1. MISA investment license (technology activity, 2–4 weeks)
  2. Commercial registration
  3. CITC license (telecom, cloud, ISP, hosting) – 6–12 weeks
  4. SDAIA registration (AI/data services) + NCA cyber compliance
  5. SAMA license if any payments or financial activity
  6. PDPL compliance + data-residency assessment

Incentives

  • Cloud Computing SEZ – 0% corporate tax for qualified cloud activities.
  • RHQ programme – 30-year tax holiday for technology HQs.
  • SVC, Jada, Wa'ed and SRC co-investment for venture-stage tech.
  • Subsidized fiber connectivity inside KAEC, NEOM, Qiddiya.