Telecommunications & Information Technology
With the guidance of its initiatives National Transformation Program 2020 and Vision 2030 — which lay out specific goals and guidelines to achieve economical stimulation and improvement across various sectors — the nation is in the process of transitioning toward a more diversified economy that supports small and medium-sized enterprises in addition to its still-thriving oil industry.
Saudi Arabia is increasing its development of the telecommunications and information technology sector as part of its self-reform towards a more modern society. As a foreign business already involved in telecommunications, you may be interested in expanding your competitive positioning in the information technology sector in the Kingdom.
If you're a U.S. company looking for ways to advance your business in Saudi Arabia, you need an in-depth understanding of the Saudi business world itself, and a thorough knowledge of the telecommunications sphere, its projected development in the future and how you can align your objectives with the nation's Vision 2030 goals to create a mutually beneficial business opportunity.
Telecommunications and Information Technology Opportunities in Saudi Arabia
As a leader in connectivity with an interest in expansion and improvement, Saudi Arabia already uses 5.7 million cell connections and more than 4 million fixed lines using fiber-optic lines, coaxial cables, microwave radio relays and submarine cable networks. These networks connect to various other nations, including the U.S., Europe, Asia and other parts of the Middle East. The nation's connectivity and communications technology are growing, with cell subscriptions rapidly increasing and continued economic development and population growth contributing to a spike in broadcast and internet demand, as well.
With approximately 17.4 million internet users in 2014, Saudi Arabia plans to increase its internet user percentage from 64 percent to 85 percent by 2022 and improve its broadcasting and broadband services across the nation as part of its Vision 2030 plan. U.S. companies looking to expand their influence and build their business prospects in the Saudi Arabian information technology industry should focus their efforts in areas including:
- Hardware and software development
- Broadband service provisions
- Telecommunications technology
- Network software systems
- Satellite technology systems and education
- Information technology training
- Maintenance and repair services
Why Choose The Quincy Group for Assistance in the Telecommunications Technology Industry?
When it comes to furthering your business relationships in Saudi Arabia, The Quincy Group has the tools and expertise to assist and advance you in your business goals.
With half a century of experience advising U.S. companies on Saudi business relations and an on-site office in Riyadh, we provide you with the access, assets, experience and connections you need to expand your Saudi business ventures successfully. Talk to us online about furthering your telecommunications technology opportunities in Saudi Arabia, or call us at 202.461.2245.