Details Published on Tuesday, 18 September 2012 11:42 Saudi Arabia is on course for economic growth driven by rising demand for broadband Internet, smart devices, mobile financial services and sophisticated telecom services, says the country’s telecoms provider, Saudi Telecom Company (STC). Large emerging markets like Saudi Arabia are becoming the new global growth engines as their telecom industries drive economic growth, says industry analysts in the run-up to GITEX Technology Week 2012 taking place from October 14-18 at Dubai World Trade Centre. According to research firm RNCOS, overall IT spending in Saudi Arabia is expected to reach US $5.7 billion by the end of 2014, up from $3.5 billion in 2010. RNCOS has also identified growth potential in smartphones, Internet Protocol Television (IPTV), WiMax and security software markets, as well as rapid growth in 3G and broadband over the next few years. This potential is demonstrated by the country’s total mobile phone pene
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