List of all articles filed under “saudi-arabia-innovation” category.
Between 2013 and 2025, GCC countries will have spent roughly 1 trillion on defence and about 30% of this is dedicated to capital expenditures. If a 35% offset requirement is enforced this means that 105 billion could either be invested or sourced domestically creating more than 280,000 jobs.
With over 27 million consumers and a number of global enterprises, Saudi Arabia is the largest ICT market by far in the Middle East. For example, the Saudi telecoms and information technology industry represents about 51 to 55% of the total Middle Eastern market.
Our focus in investment will definitely be on 4G. It will take almost two years of testing for 5G to see the light. For us, LTE will be our main investment.
The market for IT services grew at about 12 to 13%.
We were established in 2010 and since then we have invested in around 16 companies but it is common to pull your investments out of certain companies sometimes which we have done two or three times. Of those 16 companies, 3 are international, 3 are JVs locally here but with international partners and the remaining companies are start-ups based on Intellectual Properties emerging from the university.
Dr. Mahmoud A. Al Yamany, CEO of King Fahad Medical City talks about KFMC being one of the most innovative hospitals in Saudi Arabia.
Saudi Arabia has one of the most advanced infrastructures in the Middle East. It is now time to utilise this infrastructure. The operators use up to 30% of networks capacity but the remaining 70% remains idle.
Sami Alhumaidi, Managing Director of PSATRI taks about innovation in Saudi Arabia.
Mohammed A. Alabbadi, General Manager of Cisco talks about CISCO’s strategy in 2016.
The government is keen to ease doing business in Saudi Arabia. With establishing SAGIA and allowing for 100% ownership, the government initiated steps towards this goal. There were obstacles before, but nowadays it is very easy to open a business. Recently, when King Salman visited the United States, he welcomed an open market for the retail sectors.
