SR120 billion spent in Kingdom on telecommunications and information technology sector

SR120 billion spent in Kingdom on telecommunications and information technology sector

Wednesday 1437/5/22 – 2016/03/02

Riyadh, Jumada I 22, 1437, March 02, 2016, SPA — The Communications and Information Technology Commission estimated spending on the services of telecommunications and information technology in the Kingdom at about SR 120 billion in 2015, a growth rate of 7% compared to 2014, as a result of the start of installations across the Kingdom of adopting the digital transformation initiatives to reduce costs and enhance the efficiency of business processes.
The Commission said in a press statement today that communication accounts for the largest share of the volume of spending by 64%, while the information technology accounts for about 36%.
–SPA
14:08 LOCAL TIME 11:08 GMT