PetroApp’s rapid ascent in the fleet management and digital payments space is emblematic of the broader transformation driven by Saudi Arabia’s Vision 2030. Launched in 2016, the initiative aims to diversify the national economy away from oil dependency, and it’s working—non-oil sectors now contribute over 50 percent to Saudi Arabia’s GDP.
This transformation has created fertile ground for digital startups. Backed by over $5 trillion in project commitments, Saudi Arabia's digital economy now contributes SAR495 billion (15 percent) to the GDP. With 99 percent internet penetration, the Kingdom is one of the world’s most digitally connected nations—making it ideal for innovations like PetroApp.
Key Highlights
Operating in four countries and serving 10,000+ corporate clients with over 500,000 vehicles, PetroApp showcases how local tech firms are scaling regionally. The company’s platform has evolved from just payments to end-to-end fleet services, including car washes and vehicle maintenance—a reflection of growing demand for comprehensive vehicle management ecosystems.
Also Read: Saudi Arabia Inks JV Deal to Manufacture High-Voltage Insulators
PetroApp’s success is also tied to earlier infrastructure like SADAD, launched in 2007 to streamline bill payments, which laid the foundation for today’s cashless economy. Now, modern digital fleet systems can reduce operational costs by up to 50 percent, offering immense value to businesses.
This progress underscores Saudi Arabia’s global rise in digital leadership, now ranked 6th in the UN E-Government Development Index, proving Vision 2030 is not just policy—it’s execution.
We use cookies to ensure you get the best experience on our website. Read more...