The telecoms sector in Turkey has long been viewed as a rising star, with a young, digitally adept population and rising personal incomes driving demand in the mobile voice and data segments. In recent years, the industry has been affected by macroeconomic issues, including a weaker lira, as well as some restrictive regulatory changes. Even so, Turks spent more than TL35.5bn (€12.5bn) on...
The Middle East ICT
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Chapter | Telecoms & IT from The Report: Turkey 2015
Despite some recent turbulence, Turkey has strong fundamentals that underscore its potential for long-term economic growth. With a young population of 77.7m, a strategic location within four hours’ flying time of 1.5bn consumers and a diversified economy, the country has much to offer investors.
Chapter | Telecoms & IT from The Report: Saudi Arabia 2014
Saudi Arabia is an early adopter of telecommunications technologies. It was one of the first countries in the Gulf to launch LTE, for instance, and is now preparing to roll out even more advanced infrastructure. Services like fibre-to-the-home will soon be on offer, and while prospects for major additional growth in both the mobile and fixed-line voice segments appear limited, rising smartphone...
Chapter | Telecoms & IT from The Report: Qatar 2015
The telecoms sector in Qatar has grown at a rapid pace over the past decade and today boasts at least 100% mobile penetration, 93% laptop ownership, 65% smartphone ownership and 29% tablet penetration. Data services have underpinned revenue growth in recent years and are expected to continue driving demand and revenues in the mobile segment. Meanwhile, the take-up of IT services has been...
Hydrocarbons revenues, specifically from liquefied natural gas, still form the bulk of Qatar’s national income. However, as the country moves forward with Qatar National Vision 2030 (QNV 2030), the government is increasingly seeking to diversify the economy away from hydrocarbons while investing in renewable solutions to meet the energy demands of the future.
Chapter | Telecoms & IT from The Report: Abu Dhabi 2015
The telecoms industry is valued at $7.9bn and currently accounts for 3% of national GDP with the sector witnessing expansion of 6.6% in 2013, comparing favourably with the country’s overall GDP growth of 5.2%. Meanwhile the ICT sector added $5.7bn in real terms to the economy in 2013, representing a rise of 13.2% and equivalent to 2.9% of GDP. Indeed ICT has been a government focus in recent...