25% of travel bookings in MENA take place online, a market that is expected to reach $35B in revenue by end of 2017. Saudi Arabia is the second largest market regionally, capturing 13% of the region’s online travel bookings. ArabNet Riyadh will explore the trends and opportunities in digital travel, and how leading platforms are adapting to new markets.
With the surge in platforms that provide networking, media and chat capabilities, the race to consumers has become more challenging and innovative. With snapchat, vine, facebook and youtube competing on billions of video views a day, how will and should brands chose their platforms. Native advertising revenue is estimated to reach $9B internationally by end of year as ad-blocking witnesses a year-on-year 48% growth. This segment explores the latest in mobile, advertising and media technology.
The Islamic digital economy hit $107B in 2014 and is expected to grow to $277B by 2020. From halal food and tourism recommendations, to conservative fashion e-commerce, to Islamic entertainment and educational content, ArabNet Riyadh will take a closer look at the types of businesses that are catering to a islamically conscious consumers, and the challenges and opportunities in this space.
The number of mobile banking customers is expected to exceed 1B globally by 2017, with more than 80M of those customers based in the Middle East & Africa, according to Gemalto. With 70% of Saudi’s population under 30, and a smartphone penetration of over 50%, the landscape is prime for banks to compete online. ArabNet Riyadh will feature some of leading banks in Saudi Arabia discussing their mobile and digital strategies, as well as their visions for the future of the sector.
SMEs provide 50% of the work opportunities in the Saudi Kingdom, and contribute 20% of the Gross Domestic Product. Saudi Arabia is also home to 20% of region’s investors, attracting $93M of investment in tech startups the past 2.5 years, according to ArabNet’s research. Entrepreneurship has also become a key point on the government agenda, with new SME initiatives being launched by the Ministry of Labor and the Ministry of Commerce. ArabNet Riyadh will highlight the latest developments in the Saudi entrepreneurship ecosystem, and feature promising entrepreneurs through it’s Startup Demo, Ideathon and Battle of the Games competitions.
The Design+Code day is focused on helping developers, designers and entrepreneurs hone their skills and build better products. The day features a three tracks of hands-on workshops: for technical development, such as building products with arduino; improving design capabilities, such as branding for startups; and entrepreneurship skills, such as setting up your business for scale.