• Ideal opportunity for entrepreneurs and stakeholders to forge more efficient and growth-friendly policies

RIYADH – The Communications and Information Technology Commission (CITC), Saudi Arabia’s digital regulator, is calling for public input through November 30 on its latest digital content platform regulations.

As one of the most lucrative, rapidly growing, and unchartered sectors in the Kingdom’s economy—with in-scope market size of more than $3 billion in 2020—this is an enormous opportunity for individuals and stakeholders to guide the policy of a sector that includes video on demand (VOD), audio, digital advertising, and gaming. The public consultation will not only help the commission regulate and govern digital content platforms in the Kingdom; it is also designed to protect user interests.

To shape the future of the industry, the commission invites members of the public, both within the Kingdom and abroad, to participate. This bottom-up approach, with crucial input from stakeholders, entrepreneurs, and individual members of the public, will ensure these platforms are built to the highest global standards and best practices.

Dedicated to transparency, CITC is committed to working with the private sector to empower entrepreneurs, attract investment, and protect users of digital content platforms. Feedback will be considered at the highest level and ensure that the public has a meaningful impact on policy.

A historic opportunity to reshape the sector, this consultation will help create one of the world’s most nimble and responsive digital content regulatory regimes in the world. By creating a clear and transparent licensing framework, Saudi Arabia is showing its long-term commitment to growth, transparency, and good governance in the digital sector.

The commission calls on interested parties everywhere to submit their views on the consultations document, which can be found here (or in the link below), before November 30.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.