UAE telco market set for $3.2bn growth in 2010

Regulator upbeat about growth of sector, which has doubled in value since 2005

Tags: Telecommunications Regulatory Authority - BahrainTelecommunications Regulatory Authority - UAEUnited Arab Emirates
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UAE telco market  set for $3.2bn growth in 2010 TRA chief Mohamed Al Ghanim predicts growth of 20% a year in the UAE's telecoms sector.
By  Roger Field Published  May 17, 2010

The overall ICT market in UAE is set to grow by about AED12 billion ($3.2 billion) in 2010, representing a growth rate of about 20%, with the smart phone sector set to double this year, according to Mohamed Nasser Al Ghanim, director general of the UAE's telecoms regulator (TRA).

Al Ghanim, who was speaking this morning at the opening of Mecom, a telecoms event being held in Abu Dhabi, said that the UAE's AED60 billion telecoms market was set to continue growing by 20% annually, with smart devices "at the leading edge". 

He added that the telecoms market had already grown in value from AED30 billion in 2005 to reach its current value of about AED60 billion.

Al Ghanim said that the TRA planned to help further develop the market by regulating to combat dominance in the sector. "We want the market to thrive and we will only create regulation where there is dominance," he said.

"We want to develop a flexible competitive framework, which encourages the development of new products. However, when new packages are launched, we will ensure that complete transparency is in place to avoid misleading claims."   

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