Awwal 14, 1432, April 18, 2011, SPA -- Telecommunication companies licensed in the Kingdom of Saudi Arabia gained revenues amounting to SR 75 billion last year (2010), showing an annual growth rate of 13%, including an amount of SR 14.5 billion these companies earned from foreign investments. Communication and Information Technology Commission pointed out in its electronic bulletin for last month that revenues of mobile telecommunication services accounted for 73% of the total revenues, while fixed telecommunications services and data accounted for about 25%. It noted that local telecommunications companies were able to increase revenues from their investments in telephone networks outside the Kingdom to SR 14.5 billion, compared to SR 455 million in 2007. The Commission attributed the causes of continuing growth in the revenues of the telecommunications sector in the Kingdom of Saudi Arabia to the policies of privatization, liberalization, and opening doors to competitions which had led to attract huge investments in the telecommunications sector and the Saudi economy.
