More and more commercial transactions are moving online and the so-called digital economy continues to expand its reach into every facet of the traditional analogue economy. For businesses this means they have access to new channels to reach existing clients as well as new opportunities to expand market share with a competitive digital...
With Kuwait’s national strategy focused on establishing the country as a global and regional knowledge and communications centre, ICT development has gained significance in the country’s shift away from an economy based on hydrocarbons. The adoption of 5G technology has been key to achieving these goals, as is the earmarking of financial and...
The GSMA, an international industry trade body, forecasts that 14% of the world will have adopted 5G technology by 2025, led by the US with an adoption rate of 49%. However, Kuwait has frequently punched above its weight in the adoption of telecoms technology and enjoys some of the world’s highest mobile penetration rates. In line with its...
The government’s New Kuwait 2035 strategy has signalled ICT development as a key pillar that is expected to attract investment and boost the local economy. While government data does not collate information for the broader ICT sector, it does show the contribution of the telecoms sector to GDP. In 2016 telecoms accounted for 7.7% of non-oil...
Characterised by high penetration rates, early adoption of new technology and healthy average revenue per user (ARPU), the Kuwait telecommunications sector is a small but profitable market in which three major regional providers compete. Faced with the erosion of traditional voice and text revenue streams, all three companies are focusing on...
ICT sits at the heart of the government’s 2035 strategy, New Kuwait, launched in 2017, but Kuwait has already made great strides in the digital economy. In the “Global Information Technology Report 2016” by the World Economic Forum (WEF), the country was among the biggest risers, and regulatory reforms are being put in place to usher in an era...
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