63400 new jobs to come up in Saudi Arabia

By On October 08, 2018

63400 new jobs to come up in Saudi Arabia

Slide Menus

Show/Hide Left Slide Menu Show/Hide Right Slide Menu Show/Hide Top Slide Menu Show/Hide Bottom Slide Menu City Times
WKND
Style
Inspired Living
KT Home Life Is Like That
Humour Junction
Idea Graph
Happiness Times
Global Village 2017-2018
Photos
Videos
Interactives
wknd
Inspired Living
Style
Parent Talk
Young Times
Cookbook
Dxbuzz
CEO Leadership 2018
Pakistan Independence Day
India Independence Day
Sign in using OR Forgot Password? Register Now! Terms | Privacy
  • Nation
  • News
  • Blogs
  • Region
  • INTL
  • Opinion
  • GOLD/FOREX
  • Legal View
  • Biz
  • Sports
  • Tech
  • City Times
  • Entertainment
  • WKND
  • Jobs
  • Search
POPULAR
  • Prayer Timings
  • Cinema Listings
  • Weather
VAT Calculator Interactives| Amnesty 2018| Flight Status | More Parent Talk Inspired Living UAE-India Ties World T20 Qatar Crises PRAYER TIMES Region Bahrain | Kuwait | Oman | Qatar | Saudi Arabia | Mena Abu Dhabi | Dubai | Sharjah | Ras Al Khaimah | Fujairah | Umm Al Quwain | Ajman | UAE-China Week General | Crime | Weather | Transport | Health | Government | Education Bahrain | Kuwait | Oman | Qatar | Saudi Arabia | Mena India | Pakistan | Philippines | Rest of Asia | Europe | Americas | Africa | Others UAE | Bahrain | Qatar Employment | Sponsorship | Visa and Immigration | Property | Cyber Laws | Banking Laws | Others Legal Matters Local Business | Global Business | Economy | Markets | Auto | Finance | Energy | Real Estate | Telecom | Aviation | Corporate | Gold/Forex | Shipping | VAT in UAE Local Sports | Global Sports | Cricket | Football | Tennis | Horse Racing | F 1 | Golf | Motor Sports | Asia Cup 2018 | Computers | Features | Game Zone | Industry | Mobiles | Gadgets & Electronics In The City | Newsmakers | Hollywood | Bollywood | South Stars | Movie Reviews | Music Bollywood | Hollywood | Food | Travel | Lifestyle | Fashion Editor's Note | Letters to WKND Editor | What's Hot | Interviews | Pursuits | Mindsport | Life Coach | When Hunger Strikes | Beauty Basics | Food and Dining Banking/Financial Services | Administration | Architect/Interior Design | Construction/Civil Engineer | Medical/Healthcare | Marketing HOME > Region > Saudi Arabia 63,400 new jobs to come up in Saudi Arabia Web Report/Riyadh Filed on October 8, 2018 | Last updated on October 8, 2018 at 03.10 pm


According to a recent study.

Microsoft's technology ecosystem and c loud services will create over 63,400 jobs in the Kingdom of Saudi Arabia by the end of 2022, a study by International Data Corporation (IDC) found.

The research also covers findings from other Middle Eastern markets such as UAE, Bahrain and Turkey and analyses the impact of ICT, cloud services, and Microsoft's ecosystem on Saudi Arabia economy between 2017 and 2022. The Microsoft ecosystem - the companies that sell, service, deploy, or otherwise work with Microsoft products - supported over 71,250 workers in 2017.

The research shows that initiatives such as Saudi Vision 2030 as well as other initiatives focused on banking, healthcare, transportation and education has led to a rise in IT spending and employment. Also, Saudi Communications and Information Technology Commission's efforts to organize the cloud services have contributed largely.

IDC predicts spending on public cloud services in Saudi Arabia will almost quadruple over the next five years , from 427.68 million Saudi riyals in 2017 to 1.57 billion riyals in 2022. Between the end of 2017 and the end of 2022, adoption of cloud services will create nearly 55,000 new jobs (net) and the Microsoft technology ecosystem will add 8,400 jobs (net) for a total of 63,400 in net job creation. The ecosystem itself is a prolific generator of downstream revenues, accounting for 11.20 riyals for every 1 riyal that Microsoft produces, according to IDC estimates.

IDC analysts stated use of public cloud adoption services, combined with investments in private and hybrid cloud solutions, will "enable organizations in Saudi Arabia to innovate and achieve their [digital] transformation goals". The benefits emanating from this digital transformation trend are set to generate around SAR 26.04 billion in net new revenues over the next five years, reported Saudi Gazette.

"Digital transformation has the power to engage customers and citizens, empower employees, opti mize operations and reinvent products and services," said Dr. Mamdouh Najjar, national technology officer at Microsoft Arabia. He added, "IDC's report clearly shows that private and public organizations have realized these benefits, and are directly or indirectly creating jobs as they invest in their futures."

While, Megha Kumar, research director - software & cloud, IDC Middle East, Turkey and Africa, said, "As cloud continues to gain momentum in the region, countries will be able to accelerate their digital transformation and economic diversification agendas."

Click/tap here to subscribe to Khaleej Times news alerts on WhatsApp. Make sure you add our number +971545860953 under Contacts on your phone for uninterrupted service. ERROR: Macro /ads/dfp-ad-article-new is missing! MORE FROM Region
  • Saudi Arabia

    63,400 new jobs to come up in Saudi Arabia

    According to a recent study. READ MORE

  • Tennis

    Nadal, Djokovic to play exhibition in Saudi Arabia

    The match between the two stars will take place in Jeddah on December ... READ MORE

  • Bahrain

    Bahrain’s parliament approves draft VAT law

    The bill is yet to be appro ved by the parliament's upper house, which ... READ MORE

  • Saudi Arabia

    Saudi denies journalist was killed at consulate...

    The source stressed that the Kingdom holds the responsibility of the... READ MORE

MORE FROM Khaleej Times
  • Abu Dhabi

    Do you charge your phone while sleeping? Here's...

    Ovens, gas cylinders and all heavy electrical equipment should be... READ MORE

  • Europe

    US professors win Nobel Economics Prize

    They will share the 9-million-kronor ($1.01 million) prize. READ MORE

  • Business

    UAE's nation brand value grows 19% since last year

    It is now in the No. 20 spot in the nation brand ranking. READ MORE

  • Ajman

    Asian driver stuck inside truck after collision...

    He sustained serious injuries and is admitted in the ICU. READ MORE

CurrentRequestUnmodified: /apps/pbcs.dll/article?AID=/20181008/ARTICLE/181009216&Show=0 macro_action: article, macro_profile: , macro_adspot:

Weather

Tropical storm forms over Arabian Sea, no direct impact on UAE

6 October 2018

Retail

Get up to 90% discount at Dubai Shopping Festival

4 October 2018

Bollywood

Kangana Ranaut accuses Bollywood director of sexual harassment

7 October 2018

Dubai

10,000 job vacancies in UAE public, private sector

7 October 2018

Dubai

Dubai Health Authority licence of expats won’t be cancelled on their exit

7 October 2018

Dubai

Video: How Dubai royal became family's first woman pilot

6 October 2018

Legal View

How to get residence visa for your parents in UAE

12 August 2018

Dubai

Over 1,000 Dubai government services will be available only online for a week

7 October 2018

India

Chetan Bhagat apologises to woman after WhatsApp chat leaks

6 October 2018

General

Video: Daredevils go drifting on UAE's Jebel Hafeet

7 October 2018

Abu Dhabi

Video: Reckless driver nearly hits school bus in Abu Dhabi

7 October 2018

Gold/Forex

Rupee slips in early trade, may hit 20.43 against dirham soon

8 October 2018

Abu Dhabi

Winter is back and so is flu season in UAE

6 October 2018

Legal View

Exiting UAE with bank loan? Here's what will happen

9 September 2018

City Times

Photos: Inside look at Salman Khan shooting for Bharat in Abu Dhabi

7 October 2018

Abu Dhabi

Five kids among 8 dead in Abu Dhabi villa fire

310 votes | 2 October 2018

Dubai

Dubai's mega clearance sale: Last weekend to get up to 75% on brands

222 votes | 13 September 2018

General

Now serving: UAE's highest restaurant at 2km

192 votes | 3 October 2018

Technology

Gitex Shopper opens in Dubai with massive deals

175 votes | 2 October 2018

Government

UAE's new visa system: All you need to know

135 votes | 3 October 2018

Crime

Dh500,000 fine for breaching privacy using smartphone

127 votes | 1 October 2018

Dubai

Drive to prevent bachelors from staying in family-only areas

126 votes | 1 October 2018

Gold/Forex

Rupee hits historic low of 20.05 against UAE dirham

111 votes | 2 October 2018

Lifestyle

Thinking about switching careers? UAE residents share tips

109 votes | 4 October 2018

General

Indian expat wins Dh7 million in Big Ticket Abu Dhabi raffle

103 votes | 3 October 2018

General

Video: Daredevils go drifting on UAE's Jebel Hafeet

88 votes | 7 October 2018

Abu Dhabi

Abu Dhabi fire: There are no child ren left in our family, say relatives

87 votes | 2 October 2018

Dubai

Dubai Health Authority licence of expats won’t be cancelled on their exit

85 votes | 7 October 2018

Technology

7 deals you shouldn't miss at Dubai's Gitex Shopper

83 votes | 3 October 2018

Weather

Tropical storm forms over Arabian Sea, no direct impact on UAE

81 votes | 6 October 2018

KT App Download

All new KT app
is available
for download:

articleSource: Google News Saudi Arabia | Netizen 24 Saudi Arabia

Next
« Prev Post
Previous
Next Post »