ICT

Chapter | ICT from The Report: Kuwait 2022

Technology development is central to Kuwait’s long-term plans to diversify the economy, with the government attempting to position the country as a regional leader in ICT and financial services. The competition in those spaces across the GCC is fierce, and countries such as the UAE and Saudi Arabia are making concerted investment in ICT infrastructure and financial technology. The highly competitive local telecommunications market is proving beneficial to Kuwait’s plans, as is the country’s active and engaged consumer market, particularly in the mobile sector. Consolidation has been a trend in recent years as major tech players move to strengthen their market positions and diversify their services.

This chapter contains an interview Maziad Alharbi, CEO, stc Kuwait.

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Chapter | ICT from The Report: Kuwait 2022

Technology development is central to Kuwait’s long-term plans to diversify the economy, with the government attempting to position the country as a regional leader in ICT and financial services. The competition in those spaces across the GCC is fierce, and countries such as the UAE and Saudi Arabia are making concerted investment in ICT infrastructure and financial technology. The highly...

The economy of Kuwait has long been underpinned by the production and export of crude oil. Although the rise in energy prices in 2021-22 boosted government revenue and macroeconomic stability, the Covid-19 pandemic, which preceded the commodity price boom, underscored the risk of over-reliance on an industry subject to fluctuating global demand. This has created fresh impetus for economic diversification, with robust public finances providing a strong platform to...

Chapter | Innovation from The Report: Saudi Arabia 2022

A productive cross-sectoral innovation ecosystem underpins the world’s leading economies, enabling countries such as the US, China and Germany to respond effectively to existential challenges, economic inefficiencies and commercial opportunities that ultimately bolster economic sustainability. In recognition of this, Saudi Arabia’s government is working to plug gaps in the Kingdom’s own...

Chapter | ICT from The Report: Saudi Arabia 2022

Saudi Arabia’s ICT sector is primed for considerable expansion in the coming years as digital technologies become ever-more central to cross-sectoral operations and performance. Recently, the government has made significant financial and time savings after successfully shifting many internal processes and public services online, raising efficiency, productivity and coordination across and...

Saudi Arabia has undergone significant reforms to foster growth and diversification. While some initiatives were delayed during the Covid-19 pandemic, progress in areas such as the digital economy accelerated. Aided by elevated oil prices in 2022, strategies underlined in Vision 2030 continue moving forwards, and the Kingdom today presents ample opportunities for foreign investors, underpinned by efforts to boost private sector participation in the economy.

Chapter | ICT from The Report: Cote d'Ivoire 2022

Côte d’Ivoire is one of the most developed telecommunications markets in West Africa. Its mobile phone penetration rate was 162% in 2021 and continues to grow as Ivorians use multiple SIM cards to take advantage of promotional offers. There is strong competition between the existing mobile network operators, each of which has invested heavily in expanding and improving their coverage and...

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