Saudi Arabia ICT spending to grow 12% in 2012

21 March 2012

A report by Saudi Arabia's Communications and Information Technology Commission (CITC) has said the volume of spending on the ICT services in the kingdom rose to SR83bn in 2011, compared with SR21bn in 2002, an average annual growth rate of about 14%, Arab News has reported. Spending on ICT products and services is expected to grow by more than 10% in 2012, driven mainly by expected strong growth in demand for smart phones, high-speed networks and interactive applications resulting from strong growth of investment in the sector, and implementation of government projects, all of which will lead in turn to the growth of support services in the sector, CITC said.

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