Saudi Arabia, in its drive to enrich Arab culture, launches Arab Week at UNESCO in Paris    Civil Defense warns of thunderstorms hitting most Saudi regions until Saturday    Jeddah Mayoralty reclaims 18 government land sites on the North Obhur waterfront    Neymar exits Al Hilal match with muscle injury, leaving fans disappointed    Quality of Life Program CEO highlights Saudi urban transformations at UN-Habitat conference in Cairo    AlHisn Big Time Studios unveiled to transform film and TV production in Riyadh    Saudi Aramco's Q3 net income falls 15.5% to SR103 billion amid a jump in annual cash flows    Saudi Arabia approves cooperation agreement with US for the use of outer space for peaceful purposes    Almarai wins 'Best Corporate Sukuk' at Asset Triple A Islamic Finance Awards    Top climber falls to death after rare Himalayan feat    US voters flying home in time for election    Elon Musk can keep giving $1m to voters, judge rules    Drones and snipers on standby to protect Arizona vote-counters    India's Modi condemns violence after Canada temple incident    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Quincy Jones, titan of US music, dies aged 91    Al Qadsiah secure 2-0 victory over Al Ettifaq in first Eastern Derby since 2021    Hidden sugars in Asia's baby food spark concerns    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Mobile technologies, services add $191bn a year of economic value to MENA region
Published in The Saudi Gazette on 27 - 11 - 2019

At the annual "GSMA Mobile 360 – MENA" event on Wednesday in Dubai, it released two reports highlighting the positive economic impact of the mobile ecosystem on markets across the Middle East and North Africa (MENA) region, as well as the transformative impact of IoT technologies on regional governments' strategic national visions.
The two reports from GSMA Intelligence – ‘The Mobile Economy: Middle East and North Africa 2019' and ‘Realizing the potential of IoT in MENA' reveal that mobile technologies and services added $191 billion to the region's economy in 2018 – equivalent to about 4.5 per cent of regional GDP. By 2023, mobile's economic contribution is forecast to reach more than $220 billion as countries increasingly benefit from the improvements in productivity and efficiency brought about by the increased uptake of mobile services, and 5G and IoT networks are widely deployed.
To date 12 operators have launched commercial 5G services in five Gulf Cooperation Council (GCC) Arab States. Mobile operators in these countries are aiming to be global leaders in 5G deployments, supporting the digital transformation ambitions outlined in strategic national visions such as UAE Vision 2021 and Saudi Vision 2030.
By 2023, mobile's contribution in the Middle East and North Africa (MENA) region will reach just over $220 billion as countries increasingly benefit from the improvements in productivity and efficiency brought about by the increased
take-up of mobile services. In 2018, mobile technologies and services generated 4.5% of GDP – a contribution that amounted to $191 billion of economic value added.
5G services have now become a reality in the region. As of October 2019, 10 operators had launched commercial 5G services in five GCC Arab States and mobile operators in these countries are aiming to be global leaders in 5G deployments, while certain governments view the technology as a potential enabler for their digital transformation ambitions.
The MENA region also has some of the most penetrated mobile markets in the world. By the end of 2018, nearly half of the 25 countries in the region had unique subscriber penetration rates of 70% or more. For context, the global average at the end of the same period was 66%.
Meanwhile, IoT connections in the MENA region are growing at a rate second only to Asia-Pacific. There are forecast to be 470 million IoT connections in MENA by the end of 2019, rising to 1.1 billion by 2025. The deployment of IoT across MENA is expected to add $18 billion to regional GDP by 2025.
"Backed by proactive government support, mobile operators, particularly in the GCC Arab States, have speedily deployed 5G technology," said Mats Granryd, Director General of the GSMA. "Beyond the GCC, the wider MENA region has an opportunity to benefit from the technological developments delivered by 5G and IoT. To fully embrace those benefits the region's governments must support regulatory frameworks and policies that ensure 5G flourishes, including making sufficient spectrum available."
— SG/Business Wire


Clic here to read the story from its source.