From Megaprojects to Megabytes: Saudi Arabia’s Tech Pivot
TikTok appears to offer a more lucrative return for the Kingdom than Vision 2030 megaprojects, prompting a pragmatic positioning amid US–China tech rivalry.
On 11 September, TikTok’s socio-economic impact report, produced with Redseer Strategy Consultants, revealed a $1 billion contribution to Saudi Arabia’s GDP and support for over 25,000 jobs. This coincides with setbacks for Crown Prince Mohammed bin Salman’s Vision 2030, notably an $8 billion writedown by the Public Investment Fund (PIF)…
