Innoviz in GCC

Digital Transformation Consulting for Gulf Countries' Digitization

GCC Digital Growth Potential

The UAE has been a leader, topping the Arab world with regards to digital progress and preparedness for the future, according to recent a survey from the Portulans Institute and Google and it provides significant opportunities for businesses to harness these technologies and gain a competitive advantage, improve efficiency, enhance customer experiences, and drive overall growth.

More reports showed that the country will create a task force to develop a next-generation economy structure for 2050-2060 driven by creative initiatives that will also prepare the government to tackle unprecedented global crises.

Kingdom of Saudi Arabia

The Kingdom of Saudi Arabia achieved third place globally and ranked first regionally according to the data of GOVTECH Maturity Index for 2022 issued by the World Bank Group that was announced today in the press conference that was held in Washington, DC. Saudi Arabia has made major progress in all sub-indicators, as it was classified within the group of "very advanced" countries, which includes countries with very high performance in the field of e-government.

Saudi Arabia showed an actual commitment to digital growth and development, and it's exciting to think of the endless possibilities that lie ahead for Saudi Arabia. The future is digital and Saudi Arabia is undoubtedly on the right path.

United Arab Emirates

Qatar

The rapid rise of technology and digital transformation has played a transformative role in revolutionizing economies and empowering communities. Each nation has its own evidence that support this, and Qatar is no different.

In fact, technology is given a prime focus in the Qatar National Vision 2020 strategy. Innovation is set to fuel change in the economy, as well as in individual businesses that range from startups to large corporations.

Qatar is considered one of the leading countries in the Middle East in technological transformation and investment in digital innovation as the Qatari government adopts an ambitious digital strategy aimed at enhancing the digital economy and achieving sustainable development for its citizens.

Kuwait

Kuwait’s economy has swiftly overcome the challenges of the pandemic and set course toward a more sustainable and technologically advanced future. Both the private and public sectors are becoming increasingly digitalized, with renewable, cost, and energy-efficient solutions being implemented across the economy. The Kuwait E-commerce Market is expected to grow at a compound annual growth rate (CAGR) of above 14.28% during the forecast period, 2022-2027, according to market research company Mordor Intelligence.

In response to this growing demand, we believe in the importance of launching digital platforms to cope with this fast transition.

Bahrain

Bahrain, a small island nation in the Arabian Gulf, has set ambitious goals through its Vision 2030 program. This visionary roadmap aims to shift the country's economic reliance from oil to a diversified and knowledge-based economy. Digitization of Bahrain's Economy in lieu with Vision 2030 is not just a buzzword; it's a strategic vision that's reshaping the nation. Digitalization serves as the backbone of Vision 2030, driving innovation and efficiency across all sectors. It accelerates economic growth by streamlining processes, reducing costs, and improving accessibility to services. To support its digital ambitions, Bahrain has invested heavily in building a robust IT infrastructure, including high-speed internet connectivity and data centers.

Oman

Oman has embraced modernization and economic progress despite being the oldest independent state in the Arab world. It exhibits long-standing traditions seamlessly integrated with modern-day living, making its transformative economy more proactive and digital than before.

The Omani digital transformation market was valued at USD 1,889.8 million last year. It is expected to grow at a CAGR of 11.36%, reaching USD 3,560.0 million in the next five years. Digital transformation entails implementing digital technologies in several areas of an organization, particularly changing how a company functions and provides value to customers. Business services may benefit from digital transformation by improving operations, improving client experiences, building a brand reputation, and increasing customer retention.

We are confident in the advancement of digital economies in the GCC region and their immense potential for rapid growth and expansion. We believe that the GCC countries have reached a level of maturity in their digital economies that will allow them to flourish and thrive in the global market. We are excited to contribute to the digital growth in this region.