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Qanawat opens first office in Saudi Arabia to drive regional expansion

Saudi Arabia: Sunday, January 08 - 2012 @ 12:33

Saudi Arabia is a priority market for Qanawat due to its large population and high ARPU (average revenue per user) performance. The company plans to open additional offices in Jordan, Morocco, Algeria and Tunisia next year.

Adnan Omar Al Obthani, CEO at Qanawat, said: “Qanawat celebrates its 10th anniversary in 2011 and over the last decade the company has acquired a reputation as an innovator, introducing a diverse service portfolio built with strategic insights into regional customer needs. We have achieved considerable success and our customers rank among the top mobile operators in the Middle East and North Africa. As the mobile VAS services space matures, I see Qanawat playing a more significant role in harnessing the attractive opportunities available across emerging markets in the MENA and Asian region.”

A pioneer of the mobile VAS concept in the region, Qanawat now provides services to 40 mobile operators in 21 countries across MENA and Asia, reaching more than 250 million consumers through its content and services. Qanawat’s service portfolio today includes not just mobile content and VAS services but also mobile advertising, smart-phone applications and mobile portals.

With improvements in telecom infrastructure, the Middle East mobile market has grown at a fast pace. As voice markets mature, operators are looking at VAS to differentiate and maintain growth. In this scenario, Qanawat has been playing a key role in supporting Middle East operators with its services.

The Middle East is a key region contributing to the growth in the global mobile value-added-service (VAS) market, which is estimated to expand from revenues of $200bn in 2009 to $340bn in revenues by 2014, according to Informa Telecoms & Media.

In 2005, Qanawat was the first company to launch a mobile content downloads service in Saudi Arabia for games, wallpapers and Shabiaat Al Cartoon videos.

In 2006, Qanawat became the first in the region to provide a managed service solution for RingBackTones. In 2009, Qanawat spun off the Shabiaat Al Cartoon animation business unit into Fanar Production, a fully operational production house for multiple animations products.

Qanawat’s top-selling content catalogue now accounts for up 70% the GCC market in Arabic and Islamic digital content sales.

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Sunday, January 8- 2012 @ 12:33 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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