As hydrocarbons forms the backbone of Kuwait’s economy, the resurgence in global commodity markets bodes well for the future and has led to a renewed sense of optimism. The recovering market is also supporting the government’s diversification efforts under the auspices of the Kuwait National Development Plan, or New Kuwait.
Qatar has taken an early lead in the roll out of 5G mobile services, with the country’s two operators, Ooredoo and Vodafone Qatar, both launching their next generation networks in recent months.
Local government initiatives to enhance service provision are creating opportunities for Dubai’s ICT sector, while new federal laws to attract innovators and investment should help the emirate achieve its technological objectives.
Sharjah has long played an important economic and cultural role in the UAE, and boasts one of the most diversified economies by regional standards, with no individual sector accounting for more than 20% of GDP.
E-commerce in Saudi Arabia has received a boost following the launch of the Kingdom’s first foreign digital payments platform, a development that should support the growing number of online shoppers and contribute to government efforts to diversify the economy.
How are local operators diversifying their services, and which new digital services will drive growth?
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