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Article: Special Report: Middle East: Saudi Arabia - Kingdom opens its doors.
- Article from:
- Total Telecom Magazine
- Article date:
- March 1, 2006
CopyrightCOPYRIGHT 2006 Terrapinn Holdings Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Isabelle Paradis
Saudi Arabia is the largest and fastest growing telecoms market in the Middle East, excluding Turkey, and was the second biggest mobile market in the MENA region during 2005 (see story page 32).
That will make it a hotbed for investment by domestic and foreign players keen to capitalise on its newly liberalised status. The country posted 30% growth rate for the past three years, and total expenditures within the telecoms sector are expected to approach $60 billion by 2020, up from $4.7 billion in 2005.
In 2001, Saudi Arabia approved a bill liberalising the telecoms sector, creating a new independent regulator, the ...