330,451 Pilgrims Arrived in Madinah    Syria's needs are at their highest ever, says top rights probe    Belarus 'engulfed in fear', Human Rights Council hears    Marcos Jr sworn in as Philippines president    The possibility of any success in Iraqi mediation    Flight from cities due to COVID-19 short-lived, says flagship UN-Habitat report    With 41% Increase in 5G Towers, CITC Announces Full ICT Readiness to Serve Pilgrims Ahead of 2022 Hajj Season    Agricultural Development Fund Receives Delegation from IFAD    Custodian of the Two Holy Mosques Receives Written Message from Emir of Qatar    Saudi, Chinese envoys discuss cooperation to reduce climate change    DGDA launches multi-course 'Program Your Passion' initiative    SR10,000 fine for bid to perform Hajj without permit    Arafat Day on Friday July 8; Eid Al-Adha on Saturday    Saudis constitute 63.6% of 34 million population; 8.6% fall in number of expats by middle of 2021    Five era-defining artworks commissioned for iconic new cultural destination 'Wadi AlFann'    Saudi Stock Exchange Main Index Ends Trading Higher at 11,727 Points    ZATCA denies rumors on VAT exemption certificate    GDNC Foils Attempt to Smuggle over 3.5 Million Amphetamine Pills    Saudi Arabia's new companies' law highly flexible, embraces international best practices    Mawani Meets ISO Standards in Risk Management and Business Continuity Management    Health Minister Launches "Holodoctor" Service for Pilgrims    Over 312,000 Pilgrims Arrived in Madinah    HRH Crown Prince Congratulates President of Democratic Republic of Congo on Independence Day    Red Sea Fund Opens Its Third Cycle for Production Funding    Saudi Arabia Participates in UN Ocean Conference in Portugal    SFDA warns against herbal product 'Montalin Jamu' due to containing active medicinal ingredients    SFDA Warns Against Herbal Product "Montalin Jamu" Due to Containing Active Medicinal Ingredients    OIC Secretary General Meets Deputy Prime Minister of Uzbekistan    Al-Hilal lifts MBS League title for 3rd time in a row, beating Al-Faisaly    Al-Ahli relegated for first time in history    Ithra expands 'iRead' competition to participants from all Arab countries    Saudi Arabia's women's badminton championship begins with participation of 60 players    NEOM, McLaren Racing announce strategic title partnership to drive innovation in electric motorsport    Morocco and Iraq to the finals of Arab Futsal in Dammam on Tuesday    Saudi US Joint Exhibition on Photography Concludes in Tabuk    Venice-based art exhibition sheds light on upcoming Saudi talents    Makkah Municipality offers animal sacrifices permitting service through Baladi platform    First Saudi-American Joint Exhibition of Photography held in Tabuk Region    FIFA Accredits Saudi Football Association Among Expert Federations in VAR Tech    Jeddah is Set to Host the Finals of World Boxing in August, Organizers Announce    Saudi National Olympic Team Crowned AFC U23 Asian Cup    Samrat Prithviraj: Why did a Bollywood film on a popular Hindu king fail?    Saudi Council of Senior Scholars slams Indian ruling party leader's remarks against Prophet    Drug charges dropped against Shah Rukh Khan's son    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



NTDP to create 10,000 jobs by 2026
Published in The Saudi Gazette on 24 - 05 - 2022

JEDDAH — The Ministry of Communications and Information Technology (MCIT) launched the National Information Technology Development Program (NTDP) to accelerate the development of the information technology sector in the Kingdom, in line with Vision 2030.
NTDP comes as part of a package of initiatives and technical programs provided by the Ministry that aim to make Saudi Arabia a global center for information technology, as it is already one of the 20 largest economies in the world.
MCIT issued a report for the year 2021-2022, which stated that the program aims to create a supportive environment for the development of the information technology sector through coordination with government agencies to ensure alignment and integration between their work to support entrepreneurs and technology companies, stimulate research and technical innovation, build up digital capabilities, and attract technical capabilities. The program also aims to promote scientific research in the Kingdom to achieve returns of SR10 billion and create 10,000 jobs by 2026.
SR2.5 billion budget
The program's budget is SR2.5 billion, which aims to support and empower technical entrepreneurs, technology companies, and empower potential 'billion-dollar' valuation startups, in addition to developing technical talents, promoting innovation and technical research.
NTDP targets local and international technology companies, research and technical innovation centers, and technical entrepreneurs. That is due to the increase in local content in the communications and information technology sector which reached 28.8%, and the electricity tariff for cloud computing companies was reduced by 40% after MCIT approved the regulations for cloud service providers, which are a pillar of new technology solutions, including artificial intelligence, blockchain, encryption, augmented reality (AR), wireless services. and technical devices.
It was found that these activities require qualitative use of electrical energy, which constitutes a cost that falls on the companies, eventually burdening the consumer.
Therefore, the tariff for electricity consumption in cloud computing activity was reduced by 40% after the approval of the Council of Ministers. This step aims to support the growth of the information technology sector, where cloud computing raises the rate of GDP growth and creates a fertile environment that attracts investments due to its low operating costs, high level of information protection and ease of access.
The companies operating in this sector and the new companies that apply to connect the electricity before the end of 2023 will benefit from the reduction in the electricity tariff.


Clic here to read the story from its source.