What business segments typically have the highest demand for ICT solutions in emerging markets?
What business segments typically have the highest demand for ICT solutions in emerging markets?
Many of the world’s major software and hardware IT companies, including Cisco, Dell, Hewlett Packard, Intel, Microsoft, Oracle and Samsung, are present in Jordan. In addition to targeting the local market, a number of these firms use the kingdom as their regional centre. For example, Oracle’s regional office for the Middle East and Africa, as well...
Amid the regional turbulence caused by the Arab Spring, Jordan has navigated a steady course. This is a key advantage that the kingdom offers to foreign investors, who continue to regard the country as a strong base for targeting growth markets in the region and who are stepping up their involvement in core domestic industries such as energy, health care and information technology.
A regional cable network (RCN) earmarked for completion later this year, together with a new, national five-year strategy for the information and communications technology (ICT) sector, will act as the key drivers in Jordan’s efforts to reinvigorate growth levels in the industry.
The recent ranking of Amman as one of the world’s top cities for internet start-ups has highlighted Jordan’s success in the IT sector. The list, compiled by Rachid Sefrioui, the founder of venture capital firm Finaventures, ranked 10 cities on the basis of availability of talent, infrastructure and capital, legal environment and evidence of entrepreneurship.
With low prices translating into sustained growth in subscriber numbers, Jordan’s highly competitive mobile phone market now has a penetration rate of over 108%. To keep that number increasing, industry players are calling for a sales tax on smartphones to be rescinded, while also launching new mobile phone-based services.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×