Although total mobile and fixed services revenues declined in 2014, the Saudi Arabian telecoms and enterprise IT market remains the largest in the Middle East and Africa region (MEA), with ample opportunities for technology start-ups, finds new report by Pyramid Research.
According to the report, total mobile and fixed services revenues in the consumer and enterprise segment in Saudi Arabia declined by -1 per cent to US $16.2 billion in 2014. This is the first decline in overall service revenue in the last decade. The drop is a result of aggressive promotional activity and Mobily's restatement of financial results. Mobily - the second largest operator in the country - saw revenue decline by 20 per cent in 2014. Nonetheless, the Saudi Arabian telecoms market remained the largest in terms of total service revenue (US $16.2 billion) in the MEA region in 2014, followed by South Africa (US $13.4 billion) and Turkey (US $13.0 billion).
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