LEAP: Investing $1.1 billion in a program to advance digital content and media production in Saudi Arabia.. Kamal Amer, editor-in-chief writes..
The latest set of announcements came during the conference hosted by the city of Riyadh, which is the largest international technical event held with the support of the Kingdom’s leadership and in line with the directives of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Chairman of the Council for Economic Affairs and Development – may God protect him – to support the economy The Kingdom’s digital system to achieve the goals of the 2021 vision.
1727087578956362070 (The program and new investments are part of the Kingdom’s plans to accelerate the activities of its comprehensive digital ecosystem and harness its position in the heart of the Middle East and North Africa region to become a leading international digital economy. The board revealed the test Tawa Digital announced the launch of the new Ignite program, which will transform the Kingdom into a leading center for digital entertainment content and media production. This program aims to create a comprehensive system to attract digital content companies and promote the growth of the local content and media sector. 1727087578956362070 The Ignite program seeks to triple the size of the digital content market in the Kingdom in the field of games, audio, video and advertising, and the program supports investments worth $1.1 billion, including incentives that include support Finance for local, regional and international companies and start-ups, as well as infrastructure development, talent development programs, and improved new policies and regulations to enable the sector to grow at a faster pace. Training courses will be available in three areas: electronic games, films and digital advertisements, to train more than 4 participants during the three years. The training programs will ensure that the Kingdom develops the set of skills required by the sector and gives Saudi youth the skills that will improve their job opportunities. The program will include an investment fund for films that will be devoted to strengthening the infrastructure, developing, producing and distributing locally produced films, in addition to another fund that will focus on electronic games and their development and the establishment of the required infrastructure, such as electronic game studios.
In addition to upgrading the WiFi network in the Kingdom, there will be other initiatives to enhance connectivity, including the regional experience The first for satellite technology – Low Earth Orbit (LEO), in order to expand the reach of reliable coverage to remote areas in the Kingdom. The Communications and Information Technology Commission will also hold an auction of frequencies during the first half of this year, a development that is likely to raise the Kingdom to the first rank globally in The available bandwidth of the fifth generation networks and mobile communications, and the contribution of the fifth generation networks technology in supporting the gross domestic product is expected to increase from 1.4 billion dollars in the year 640 to more than 15 billion dollars by the year 2021