Investment Opportunities Information Communications Technology Sector in Kuwait
- Slides: 10
Investment Opportunities: Information, Communications, & Technology Sector in Kuwait: An International ICT HUB
ICT as a Growing Industry 1) Growth Through Capacity Region Growth Potential World Annual Growth Rate of Global IOT, Smart Cities, and Cloud Computing Communications Traffic (AARG): 40% in 8 World: Annual Growth years. Rate of Global Communications Traffic (AARG): 40% in 8 years. Middle East: Projections by 2020 will reach 2 zettabytes of data Middle East has not reached its potential yet due to existing connectivity & infrastructure limitation
ICT as a Growing Industry 2) Growth Through New Markets Region Population GDP Market Status Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (approx. figures) 165 Million USD 1. 7 Trillion Existing World: Annual Growth Rate of Global Communications Traffic (AARG): 40% in 8 years. Middle East: Projections by 2020 will rea Iran & Iraq (approx. figures) 120 Million USD 600 Billion Potential
Kuwait National ICT Plan Phase 1: Regional Telecom Corridor Cable: Kuwait, Iraq, to Turkey
Kuwait National ICT Plan Phase 2 a: Extending the Regional Corridor to major CLSs: Fujairah, Jeddah, & Oman
Kuwait National ICT Plan Phase 2 b: Creating an Internet Exchange Point (IXP)for the region
Kuwait National ICT Plan Phase 3: Access to new markets Iran & Iraq Becoming an ICT HUB for the Region
Kuwait National ICT Plan Phase 3: Becoming an ICT HUB to the World & a Digital Industry
Investment Opportunities Kuwait ICT HUB Investor’s Opportunity: • • • Connectivity to GCC, Iran & Iraq markets Access to all regional markets Redundancy & Security Neutrality & Open Access Attractive Laws & Benefits
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