Saudi Arabia among fastest-growing telecommunications markets
Governor of Communications and Information Technology Commission (CITC) on Tuesday Mohammed Al-Tamimi said the Saudi telecommunications market is one of the fastest-growing markets at the level of G20, occupying the sixth place among G20 countries by market value.
The advancement was driven by the Vision 2030 incentives and its role in accelerating the pace of growth and innovation.
In a speech at the ICT Indicators Forum 2022 in Riyah, he said that the private sector invested SR2.7 for every one Riyal provided by the government in the field of communications and information technology
Al-Tamimi pointed out that this reflects the success of the partnership between the private and public sectors in the field.
He highlighted the strength of the infrastructure of the telecommunications sector in the Kingdom, as the average mobile internet speed reached 179.9 Mbps by the end of 2021, an increase of 1,781 percent, while the global average reached 71.3 Mbps. The coverage of the fiber-optic network reached more than of 3.5 million homes, he added.
Al-Tamimi also stated that the frequency spectrum allocated to mobile communications services exceeded 1,110 (IMT) MHz, with the percentage of coverage of the Internet of things technology for urban areas reaching 95 percent.
