LEVERAGING TECHNOLOGY FOR POVERTY ALLEVIATION AND ECONOMIC GROWTH IN SAUDI ARABIA IN ADDRESSING THE SDGS 1 AND 8 INITIATIVES

The paper provided a clear roadmap for how incorporating technology into the Saudi Arabian socio-economic systems can help reduce poverty in the Kingdom and improve indicators for decent work and economic growth. The paper aimed to provide a comprehensive review and evaluation of initiatives focusing on SDG 1 (no poverty) and SDG 8 (decent work, economic growth). Through a thorough analysis of stakeholders' viewpoints on the structure, aims, and outcomes of technological innovations in Saudi Arabia, the paper aimed to shed light on how technology impacts poverty reduction and economic development from a strategic perspective. Conducting a quantitative survey involved gathering data from 968 stakeholders in Saudi Arabia, such as government officials, technology experts, researchers, and ordinary citizens. This was done through a digitally designed questionnaire. Appropriate statistical measures were utilised to measure the items used for data collection. The measurement tools were based on prior research and underwent validation using appropriate statistical methods. The results showed strong convergent validity with values of 0.707 for economic growth and 0.621 for decent work. Additionally, the Cronbach's alpha and Composite Reliability values were satisfactory for economic growth (a = 0.862, CR = 0.907) and decent work (a = 0.795, CR=863). This study showcases the credibility of the measuring tools utilised to assess the effects of technology on poverty reduction, economic development, and employment in Saudi Arabia. After testing three hypotheses, it was found that the correlation between technological advancement and quality employment is 0.47, with a t-value of 3.92 and a p-value <0.001. A strong relationship is indicated by the statistically significant positive coefficient between technological progress and improvements in decent work conditions in Saudi Arabia. There is a correlation between technological innovation and economic growth, with a coefficient of 0.532 for advances in technology and economic growth (t-value = 5.06; p <. 001). There is a clear link between technological advancement and economic prosperity in Saudi Arabia. There is a strong connection between technological advancement and alleviating poverty. Technology-driven concepts play a crucial role in addressing poverty, promoting economic growth, and creating decent employment opportunities, aligning with Vision 2030. It is suggested that the study's findings could be used to improve poverty alleviation strategies and economic prosperity by utilising technology in Saudi Arabia.