The UAE telecom’s industry is now worth $16 billion, according to the country’s Telecommunication Regulatory Authority (TRA).
“The UAE telcoms sector has grown from $8bn to $16bn since 2005,” said Mohamed Nasser Al Ghanim, director general, TRA.
“The market will continue to grow by 20 percent annually, which will be driven – in part – by sales of smart phones and devices which will double this year,” he added.
Speaking at the annual MECOM event in Abu Dhabi, Al Ghanim noted that the continuing prevalence of these handsets would stimulate the market and that the TRA would act to encourage this investment.
“The TRA wants the market to thrive and we will only create regulation where there is dominance,” he added. “The TRA aims 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.”