2007 News Story

Saudi Arabia to invest more than $64 billion in IT

Saudi Arabia will invest more than $64 billion to develop a solid information technology infrastructure, the Saudi Arabian General Investment Authority (SAGIA) said in a report issued recently.

In remarks at the 18th Arab Federation for Libraries and Information conference, chief of the organizing committee Abdullah Al-Ansary said that the investment would contribute positively to the development of the economic and industrial sectors, and that it would pave the way for an electronic government centered around integrated technology.