UAE telecoms market set to grow 20% annually

17/05/2010 - Dubai Investment News
UAE telecoms market set to grow 20% annually

Posted by Neil King

The UAE's telecoms market is set to grow 20 per cent annually, with smart devices leading the way, a government official has said.

Mohamed Nasser Al Ghanim, director-general of the country's Telecommunications Regulatory Authority, observed that the UAE telecoms market has grown from AED30 billion to AED60 billion since 2005.

Speaking today (May 17th) at MECOM, the region's leading event for next generation ICT solutions which opened at the Abu Dhabi National Exhibition Centre, Mr Al Ghanim added that further strong growth will be driven by the sale of smart phones and other mobile devices in the UAE, which he expects to double this year.

"We want the market to thrive and we will only create regulation where there is dominance. We want to develop a flexible competitive framework, which encourages the development of new products," he added.

Last week, the UAE was ranked second in the world among the countries which attract the most international retailers as part of CB Richard Ellis' (CBRE) How Global is the Business of Retail? 2010 report.

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