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FINANCIAL NEWS
Saudi telecom sector market reaches SR180bn
26 Jan 2017
(MENAFN) The volume of Saudi Arabia telecom sector market is estimated at SR180bn, while capital investment is more than SR50bn.
Accordingly, spending on telecom and IT reached more than SR130bn last year, while the contribution of the sector to GDP and non-oil GDP reached 6pct and 10pct, respectively.
Moreover, the volume of spending on telecom and IT services would increase to SR138bn by the end of this year, due to investments by the government and private sectors.
In addition, the National Transformation Program (NTP) 2020 came as a key support program to realize Saudi Vision 2030. M
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