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Per recent 2016 numbers from the General Authority for Statistics, the total population of the Kingdom, as of 2015, reached 31 million. Saudis are about 21 million representing almost 68% of the total.
Drilling down in the Saudis only, we will find that the Saudi population is very young. Almost, 47% of Saudis are under the age of 25. Additional 44 percent of the Saudis are in the range of 25 to 54. This is a great working force population.
In Saudi Arabia, the use of internet is in a continuous increase. Per the C&ITC Q1 2016 report, it reached 22.3 million so far.
Jamal A. O. Al Akkad
Dhahran, Aug. 25th, 2016
Mon Aug 1, 2016 | 1:37 PM EDT
Aug 1 (Reuters) – Saudi Arabia will establish a $1.1 billion fund to develop its venture capital industry and support the creation of small and medium-sized companies ….