SMEs are considered the key partners in the national development and described as a key pillar of the Saudi national economy and GDP.
In the light of the national Saudi Vision 2030, Saudi Arabia is actively supporting the SME sector in the kingdom to increase its productivity and contribution to GDP from 20% to 35% by 2030.
New research indicates that Public cloud spending in Saudi Arabia will surpass the $950 million mark in 2022.
The cloud is opening many opportunities for Saudi SMEs. Awini, a Saudi-based mobile application, uses the power of the internet and a smartphone app to connect people with available truck owners in real-time and round the clock.
Awini chose Oracle Cloud to accelerate expansion and soon reported 70 percent increased responsiveness and cost reduction with 3,700 drivers across Saudi Arabia and 27,000 more drivers waiting for approval to join the marketplace.
Startups are not fully qualified to extrapolate and explain their technology and vision as they are on their way to finding the best market fit.
One of the fastest-growing Buy Now Pay Later (BNPL) providers is Tamara. It deployed Oracle Cloud to scale quickly and provide trust and reliability for consumers when paying online through Oracle Cloud Infrastructure’s secure foundation.
Considering price performance, realizing what you are paying for, and reinvesting in savings can help Saudi SMEs invest in the right technology solution and cloud partner.