Report: Metaverse could contribute up to $38 billion to Saudi economy

The government of Saudi Arabia’s spending on technology is the highest in the world. (Supplied)
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Updated 18 May 2023
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Report: Metaverse could contribute up to $38 billion to Saudi economy

  • Deloitte study examines potential of cyberspace for MENA region

The metaverse could contribute more than $80 billion to the MENA region in additional GDP a year by 2035, according to Deloitte’s new report, “The Metaverse and its potential for MENA.” 

Part of a series of reports commissioned by Meta, the study examines how the metaverse and technologies such as augmented reality and virtual reality are being applied in innovative ways and what is required to maximize potential economic opportunities. 

“The metaverse will be a constellation of technologies, platforms and products built by a range of companies, opening up incredible new creative and commercial opportunities in the Middle East and North Africa and around the world,” said Fares Akkad, regional director for the Middle East and Africa at Meta. 

Saudi Arabia and the UAE, with their “Vision 2030” and “We the UAE 2031” plans, are taking the lead, reflecting the region’s varied growth plan with digitization at its core. 

The government of Saudi Arabia’s spending on technology is the highest in the world, with 21.7 percent of the total technical spending, said Ahmed Mohammed Al-Suwaiyan, governor of the Digital Government Authority, during the Global Entrepreneurship Congress in Riyadh last year.

Similarly, Egypt’s Vision 2030, Jordan’s Vision 2025 and Morocco’s Horizon 2025 plans are all aimed at boosting growth in the country driven by digital transformation.

The study suggests that the emergence of the metaverse could well support MENA countries’ digital innovation and technology objectives. 

The two leading countries in the region have already made significant investments in this area: Saudi Arabia is investing $1 billion in cyberspace-related projects and Dubai has launched a metaverse strategy, aiming to “turn Dubai into one of the world’s top 10 metaverse economies.”

As interest in and adoption of the metaverse increases across the region, commercial-use cases have already begun to emerge — such as for virtual concerts and tourism — showcasing how consumers could benefit from the technology.

The full potential for the region will develop as cyberspace evolves, but currently there are four key areas highlighted in the report where the metaverse has and will continue to have an impact: gaming, tourism, retail and real estate. 

MENA has one of the fastest-growing gaming industries in the world and Saudi Arabia is investing nearly $40 billion in the sector, according to the study. The metaverse is expected to accelerate this growth through new forms of augmented reality and virtual reality gaming and e-sports.

Tourism, which represents 19 percent of GDP in Jordan, 12 percent in Egypt and 11 percent in Morocco, is a sector that could benefit from the metaverse’s power to provide a virtual experience to potential tourists, piquing their interest in the physical experience.  

For example, the Royal Commission for AlUla has created a metaverse experience that allows users to virtually visit and experience the Hegra World Heritage site, the Tomb of Lihyan.

The MENA’s retail industry is worth 1 trillion, and since the pandemic a massive 73 percent of consumers are shopping more online. The growth of e-commerce presents opportunities for retailers to enhance the online shopping experience through augmented reality and virtual reality that can make the challenges of shopping online — such as try-ons — easier.

IKEA, for example, created a virtual reality experience in Kuwait, Jordan and Morocco that led to a 20 percent increase in footfall and sales, according to the company.

The real-estate sector, which is critical for hubs such as Dubai, could see further growth by implementing virtual viewings and creating new marketplaces for virtual land.

UAE-based real estate developer DAMAC, for example, offers augmented reality and virtual reality tours and is planning to invest $100 million in digital cities.

The cyberspace ecosystem is still in its nascent stages and its full potential will depend on “an enabling environment beyond Internet service providers, including adequate digital infrastructure, digital skills and regulations to attract investment, foster innovation and facilitate access to metaverse applications,” according to the report.

More advanced countries such as Saudi Arabia and the UAE are likely to see widespread adoption sooner; however, further diversification will be needed to create “a dynamic private-sector business environment with incentives for innovation and investment,” the study said.

Countries such as Egypt, Jordan and Morocco are likely to see a slower rate of adoption due to disparities in digital infrastructure, skills and affordability, which hinder the implementation of advanced technologies and the emergence of innovative-use cases. 

Based on projections of metaverse‑related information and communications technology investments globally, the study estimated that metaverse technologies could eventually support an annual economic contribution ranging from $20.2 to $38.1 billion in Saudi Arabia, $11.6 to $22 billion in Egypt, $8.8 to $16.6 billion in the UAE, $2.6 to $5 billion in Morocco, and $0.9 to $ 1.7 billion in Jordan, by 2035.

Meta’s Akkad said: “As this research shows, while these technologies may be virtual, their economic impact will be very real.” 

“Unlocking this potential is critically important and will only be achieved collaboratively, through effort and cooperation between technology companies, policymakers, civil society and others.”
 


From injury to influence: Khaled Olyan — the new voice of Arab football

Updated 30 January 2026
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From injury to influence: Khaled Olyan — the new voice of Arab football

  • The Saudi social media star — TikTok’s Arab Creator of the Year — recounts how a setback ended his playing ambitions and pushed him to redirect his passion 
  • Known for memes and commentary that blend football, travel, culture and everyday life, Olyan is FIFA-accredited as a sport informant and covered AFCON 2025 in Morocco

LONDON: A broken dream launched Khaled Olyan’s unexpected rise as a Saudi social media star. Passion and perseverance took him from shattered ambitions to the Africa Cup of Nations 2025 in Morocco, where he surfed the hype while representing Arab culture.

“The journey began with a child who dreamed of becoming a football player to fulfill his own dreams and those of his family and community. After an injury ended that path, I didn’t break, I redirected my passion toward football media,” he said.

In an interview with Arab News, shortly after being crowned TikTok’s Arab Content Creator of the Year, Olyan — who has 13.2 million followers on that platform and 5 million on Instagram — credited his rise to “pure passion and honest content,” and said he had learned over time that “consistency matters more than fast virality.”

He added: “The turning point came when I realized that content can genuinely impact people, not just generate numbers or views. (Then I) stepped outside the traditional sports-content framework and linked football to culture, people, and place. It wasn’t a guaranteed path, but it shaped my identity today as a creator with a clear message and purpose.”

Olyan made history as the first regional creator to be accredited by FIFA as a ‘sport informant,’ a milestone that, he said, has given “local content global credibility and reach.”

Most recently, he was in Morocco to document AFCON, where he highlighted both the host country’s hospitality and the electric atmosphere in the grounds.

“It felt like a responsibility before it was an achievement,” he said. “I felt that my role went beyond coverage to building cultural bridges between people.”

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

A post shared by KHALID ALOLAYAN (@olyan15k)

Known for his memes and commentaries blending football, travel, culture and everyday life with feel-good humor, fans hail his “unmatched enthusiasm” and refer to him as “the voice of Saudi football fans.”

“Content today is no longer just entertainment,” he said. “It has become documentation of moments and an influence on collective awareness, especially in sports and culture across the Arab world. That (means there is) a much greater responsibility on everything I create.”

Saudi Arabia’s content-creator ecosystem has evolved dramatically in recent years, driven by a wider national transformation that has reshaped almost all aspects of public life, including sports and entertainment.

“The transformation has been rapid and significant, opening unprecedented opportunities for creators,” Olyan said. As the country moves “quickly toward global leadership in sports,” he added, it has also raised ambitions and created new routes for people to turn dreams into reality.

Across the region, the creator economy is booming, powered by a young audience, government investment and platforms such as TikTok. In 2025, the GCC alone was home to 263,000 social media influencers — a 75-percent increase in just two years according to data from Qoruz, an influencer-marketing intelligence platform.

Globally, fashion and entertainment dominate the influencer industry, but the GCC market has followed a slightly different trajectory. Lifestyle and travel also lead the charts, reflecting both regional affluence and a cultural emphasis on luxury, aesthetics, and experience-led content.

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While sport is not a major category, the research underscores what makes the GCC ecosystem distinctive: high digital penetration, brand-conscious audiences, and multilingual, multi-ethnic creators, with campaign planning often shaped by strategic decisions about language and identity.

Olyan said he sees many regional influencers following the same path as him — though not necessarily through sport. “I believe we are contributing to clearer roadmaps for anyone aiming for success through creative, values-driven content rooted in strong human principles,” he added. “Opportunities are abundant, but the real challenge lies in consistency and maintaining quality amid pressure and high expectations.”

For Olyan, Arab culture is not an add-on to, but the backbone of, his storytelling. He frames the region’s passion for football alongside questions of Arab identity, delivering it in an entertaining format that can travel beyond the usual language barriers.

“What makes sport special is that it’s a universal language. Many non-Arab audiences already follow my content daily, supported by AI tools. Arabic is my language and a core part of my identity, and I won’t change it. Instead, I’ll rely on smart translation tools and solutions to reach wider audiences.”

Olyan also noted that the region has long been framed through the narratives of people from elsewhere, often in ways that highlight only its darker corners.

“The Arab world is full of inspiring stories and a rich culture that deserves to be told through the eyes of its people, not only from the outside,” he said, adding that he hopes viewers value his videos for “changing their perspective and helped them see the truth more clearly.”

Olyan was crowned TikTok Arab Content Creator of the Year 2026 at a ceremony held in partnership with the 1 Billion Followers Summit in Dubai.

He said the recognition was a result of more than just a run of viral moments, explaining that it came about “through structured, institutional work, team development, and linking content to long-term goals. Sustainability comes from creating moments and building value, not relying on trends or short-lived hype.”

Underscoring the double-edged nature of social media, Olyan argued that attention alone is not the point. “Real impact happens when content is used to educate and inspire people, not just capture their attention.”

He also expressed skepticism about banning under-16s from social media. Regulation matters, he said, but “awareness, smart supervision, and teaching safe usage matter more than complete bans.”

Creators, he added, are not immune to the platforms’ darker side. Psychological pressure, mental exhaustion, and long periods away from family due to frequent travel are part of the job. “I manage it through time organization, temporary breaks, and returning with renewed passion,” he explained.

 

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Olyan is also the founder of the O15 Football Academy, a project rooted in his childhood dream and one he sees as part of a broader sporting movement gaining traction in the Kingdom. For him, the academy is not just about competition, but about giving children a supportive environment where sport becomes a formative social practice.

“As a child, I wished such an academy existed for me and my friends,” he said. “Many talents were playing in local neighborhoods without professional guidance or support, causing real potential to be lost due to the absence of proper training environments, follow-up, and opportunities. The environment was often challenging and unmotivating.”

His academy aims to identify talent early, develop it “scientifically,” and prepare players to compete at club and national levels, but Olyan added that even those who do not pursue the sport professionally can also benefit “educationally, culturally, and socially.” 

Football, he said, is “a form of soft power that, by God’s will, can positively impact many aspects of life.”

Whether creating content or helping others pursue their sporting dreams, Olyan said his guiding principle comes from a line by the late Saudi politician and poet Ghazi Al-Qusaibi — a reminder that what you hope for in small measure can arrive, unexpectedly, in abundance: “You wish for a drop of good news, but God wishes to help you with rain.”