RIYADH: Saudi Arabia’s cybersecurity sector added SR18.5 billion ($4.9 billion) to the Kingdom’s economy in 2024, marking a 19 percent jump from the previous year, official data showed.
In its latest report, the National Cybersecurity Authority said the sector represented 0.40 percent of the country’s total gross domestic product and 0.71 percent of non-oil activities.
The study noted that the size of the Kingdom’s cybersecurity market — representing total spending by public and private entities — reached SR15.2 billion in 2024, up 14 percent year on year.
Ensuring cybersecurity is a key priority for Saudi Arabia as it seeks to position itself as a regional hub for technology and innovation under Vision 2030.
This comes as Saudi Arabia maintained its position as the top-ranked country in global cybersecurity for 2025, according to the International Institute for Management Development’s World Competitiveness Yearbook.
