Business | Telecoms
Telecoms sector worth $70b by 2015
The telecommunications and broadband internet sectors will generate $70 billion in annual revenue by 2015 in the Middle East and North Africa region, according to Madar Research reports.
- By Mohammad Ezz Al Deen, Staff Reporter
- Published: 00:00 April 24, 2007
Abu Dhabi: The telecommunications and broadband internet sectors will generate $70 billion in annual revenue by 2015 in the Middle East and North Africa region, according to Madar Research reports.
Its report also indicates that the Middle East tele-communications market is set to top $50 billion this year.
Fastest growing
The report shows that Arab countries' ranking in the annual ICT Index gained by 43 per cent in 2005 compared to the previous year.
Shaikh Sultan Bin Tahnoon Al Nahyan, chairman of the Abu Dhabi Tourism Authority (ADTA), who yesterday opened the Middle East Communication (Mecom) exhibition 2007, said: "The telecommunication sector in the UAE is one of the fastest growing markets, not only regionally, but also on the international level."
More from Telecoms
More from Business
Business Editor's choice
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
-
Banks can increase their share
Longer opening hours, more locations outside cities and lower charges can help
-
Geepas idea blossomed in Dubai
The journey led from a small shop in Bahrain to a $1.27b company in the UAE
