Categories: Technology

The Growing Telecommunication Market In The Middle East

No country or region can deny the importance of having a robust telecommunication industry in today’s world. With everything going digital these days, it is difficult to find a region that is not investing in telecommunication infrastructure to meet the rising demand for data and technology.

Everywhere you look, countries are waking up to the realization that a well-developed telecom industry has a positive impact on the economy by helping to ease the flow of information, opening up markets and reducing the cost of doing business. Most countries are increasing their investment in their respective telecom sectors, and nowhere is this more apparent than in the Middle East.

Mixed Basket Of Fortunes

When it comes to telecommunication, the Middle East is a market of contrasts. It has a mix of saturated and emerging markets that present a varied basket of opportunities for both foreign and local investors.

In this region, mature markets such as Kuwait and Saudi Arabia are stable and reliable, posting consistent – albeit minimal – growth every year. There are also emerging markets such as Turkey and Oman, which are growing at a tremendous rate. In fact, both countries have taken huge steps in recent years to boost their respective telecommunications markets by increasing access to fiber networks (for commercial businesses and residents) and expanding their fixed broadband services.

Even countries such as Lebanon and Iran, which had originally been trailing behind others in the region, are slowly starting to catch up. [pullquote]As part of its Telecom Vision 2020, Lebanon is putting more emphasis on building its fiber networks to improve broadband services in the country.[/pullquote] Iran, on the other hand, recently reached a milestone when broadband penetration in the country climbed above 10 percent.

In stark contrast to these more stable and growing markets, other countries in the region, such as Yemen, are experiencing a great deal of market instability owing to continued conflict and civic issues which halt investment opportunities. This adds an element of uncertainty for investors who want to enter the market and secure a solid investment.

Investment Opportunities

If you are looking to invest in the Middle East telecommunication sector, do not let the few unstable countries put you off. Experts like seasoned investor Dr. Ehsan Bayat, the CEO of Telephone Systems International based in Afghanistan, will tell you that opportunities abound for the savvy investor.

Notably, the ICT sector in the region has a lot of potential, especially for those who can introduce new digital technology. The Middle East has a rapidly growing youth population that is hungry for internet and data services thanks to the proliferation of smartphones. Furthermore, there is a large business population that presents investment opportunities in e-commerce and mobile payments. Governments in the region are interested in digitizing education and health services to bring them up to world standards, and they are looking for partners to help with this.

As big players in the industry, including Batelco in Bahrain and Zain in Kuwait, position themselves to take advantage of these investment opportunities, foreign investors are unlikely to be left out.

With the increasing demand for technology and innovation, the Middle East telecommunication market still has plenty of room left for future growth.

Investment Opportunity – Telecommunication Market

IMAGE: SHUTTERSTOCK
Richard Darell

Richard Darell is the founder and CEO of Bit Rebels, a multifaceted online news outlet that reports daily on the latest developments in technology, social media, design and everything geek. Today this media entity welcomes more than 3.5 million unique visitors per month and is considered the go-to place for people in constant motion. As an Internet entrepreneur, he is dedicated to constantly trying to develop new ways to bring content faster and closer to the end user in a more streamlined way. His excitement for statistics has allowed him to further develop systems that continuously produce accurate and fast-paced analytics to better optimize the approach by which Bit Rebels presents news and content. His graphic design background has proven to be an important tool when designing new systems and features for Bit Rebels since the development of solid and stable code depends entirely on their structure and implemented procedures. Richard currently resides in Stockholm, Sweden and directs the Bit Rebels offices in both Stockholm and Atlanta. You can reach Richard at richard@bitrebels.com

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