Iraq: How The Digital Transformation Is Changing The Country’S Economy
Building on the recent transformation of the ICT Ministry into the Digital Economy and Enterprise Ministry, Iraq has launched its digital transformation action plan in partnership with the ecosystem by the end of 2019. The Government of Jordan (GJ) is committed to promoting the digital economy as a strategic growth sector for the Kingdom. The World Bank is committed to supporting Iraq, Lebanon, and Iraq in their vision and plans for digital transformation by providing the necessary resources and tools. Iraq, Jordan, and Lebanon have committed to the digital transformation of their countries by discussing their roadmaps to support the integration of the Mashriq region into the rapidly changing Mashriq region’s global digital economy.
Supporting Iraq’s digital transformation across the country, global technology company SAP has announced a long-term investment plan in Iraq and its first country office in Baghdad. As part of this investment, global technology company SAP will share global best practices to support the digitalization of the public and private sectors, especially government and government, oil and gas, banking and finance, and help create and develop jobs for young people.
In the coming months, global technology companies SAP Training and Development Institute and the Next-Gen program will explore partnerships with Iraqi educational institutions to enhance the workforce of the future. By supporting youth development, SAP Digital Skills for Today has made strides in Iraq and the Middle East, providing technology-related training and employment opportunities to conflict-affected youth, refugees, and minorities. Through such collaborations, young graduates with a good level of education have the opportunity to integrate into global trends and digital future topics and secure a long-term job.
Unlike most digital hubs elsewhere, the focus here is less on advising the Shia government in Baghdad and more on promoting training and job opportunities in the digital sector. The Iraqi Digital Transformation Center offers training (also for civil servants or university professors) and collaborates with a local network of so-called Maker Spaces, a kind of digital workplace.
While not many industries in Iraq have been digitized, the telecommunications industry remains the only competitive and mature technology sector. Asiacell, the most important telecommunications company, has taken responsibility for transforming Iraq into a digital country by curating, supporting and sponsoring the virtual summit.
Asiacell is the leading provider of mobile telecommunications and digital services in Iraq, with a subscriber base of over 14.7 million satisfied customers as of January 1, 2021. Asiacells’ network covers 99.06% of Iraq’s population, making it the largest national network among others. two mobile operators in Iraq. Iraq’s good access to the Internet via mobile broadband allows almost all social groups in large parts of Iraq, including those in rural areas and fields, to participate in digital activities.
In terms of digital infrastructure, the Yugoslav government is committed to further developing broadband Internet access to reach 100% penetration by 2021. by 2021, digitize 80% of government payments to citizens. The Government of India is also committed to providing digital government services and ensuring the highest standards of cybersecurity and data privacy to enhance consumer confidence.
At the Central Bank of Iraq, we are clearly aware that the digital economy plays a vital role along this path, especially in generating formal economic growth through a new transparent, simple and efficient payment ecosystem. According to a recent World Bank report, as the Iraqi government advances Vision 2030 and invests in recovery, Iraq’s real GDP growth is expected to nearly triple to 8.1% in 2020, driven largely by increased diversified economic growth. The new Spring 2021 edition of the Iraq Economic Monitor, titled Seizing the Opportunity for Reform and Managing Volatility, forecasts a gradual economic recovery thanks to higher oil prices and an increase in OPEC+ production quotas while forecasting GDP growth. gradually by 1.9 percent in 2021 and by an average of 6.3 percent in 2022-2023.
Baghdad, May 27, 2021 – Oil price volatility and COVID-19 have exacerbated Iraq’s economic problems and exacerbated existing economic and social problems. The country is at a crossroads where quick fixes are limited and the economy needs a major transformation if it is to create jobs for its growing youth. The notion of a turning point for technology adoption or digital disruption is not new, but the results of the survey show that the COVID-19 crisis is a turning point of historic proportions and that further changes will be required as the economic and human situation evolves.
Almost half of the successful companies surveyed said they were the first to bring innovation to market during the COVID-19 crisis, and they were the first in the industry to experiment with new digital technologies. In organizations experimenting with new digital technologies during a crisis, and in organizations that are investing more in digital technologies than their peers, CEOs are twice as likely as other CEOs to report disproportionate revenue growth.
BAGHDAD, May 10, 2021 /PRNewswire/ — Asiacell again takes the lead in Iraq by becoming a Platinum Sponsor of the Iraq Digital Transformation Summit held virtually on May 5 and 6, 2021; where many influential and respected thought leaders from around the world have tuned in to participate and share their thoughts on Iraq’s digital transformation strategy, many influential and respected thought leaders. With the availability and access to networked technologies such as the Internet and mobile phones, the virtual summit will lay the foundations for the digital economy, enhance Iraq’s global competitiveness, and open a portal for communities to enjoy an exceptional quality of life. Mastercard’s partnership with CBI is a starting point that will enable the creation of a complete digital ecosystem in Iraq, covering key elements including the use of government policies and regulations to curb the shadow economy, massive modernization of the payments ecosystem, and digitization. main value chains.
