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Saudi Arabia’s telecom and IT spending to reach $28.9bn

: Sunday, August 17 - 2014 @ 09:10

Saudi Arabia’s telecom and IT spending to hit SR108.7bn ($28.9bn) this year, an increase of 6% as compared to SR102.6bn last year, said the Arab News report. An IDC market research firm study found that in the past 13 years (2001 to 2013), telecom and IT spending in the kingdom reached SR731.5bn, an average of SR56.3bn per year. The continued growth in the telecom and IT sector is represented in growing number of IT services, which were made available to the public, notably in the areas of e-government, banking and health care services, it said. Within the last ten years, Saudi Arabian IT companies narrowed IT gap with the developed countries and as from 2005, they have injected huge investments in the IT infrastructure projects in a number of fields such as mobile, fixed-line networks, IT facilities and e-government, the study said. The rapid implementation of fibre optic networks has increased the number of subscribers to broadband services, with respect to fixed-line networks, said the report.

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Sunday, August 17- 2014 @ 9:10 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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