KSA’s ICT market worth reach USD40.9B in 2022
(MENAFN) Saudi Arabia’s initial international spectrum auction, the start of the recent generation of Wi-Fi, as well as the first application of fifth-generation technology in the area all supported the nation’s information and communications technology market reach SR154 billion (USD40.9 billion) this year, as shown by additional numbers issued by the Communications, Space, as well as Technology Commission.
The developments supported consolidate Saudi Arabia’s position as the biggest ICT market in the Middle East and North Africa, and the expansion of the nation’s digital Economy is prepared to surge 100 percent the effect in the sector of user protection and institutional excellence, as reported by Saudi Press agency.
Throughout last year, Saudi Arabia saw many improvements that grew its ICT industry.
This contained up to 600 companies listing in the initial international spectrum auction targeted at covering the airspace with internet services, with the size of investment chances estimated to reach SR1 billion (nearly USD266 milion).
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