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General

Saudi Arabia set to launch USD 15 bln public-private technology fund

Monday 2 August 2021 | 15:27 CET | News
A Saudi public-private partnership will launch a USD 15 billion technology fund to advance digital infrastructure in the country, Arab News reported citing Haytham AlOhali, vice minister of the ICT ministry. Telecom and technology operators invest between USD 3 billion and USD 4 billion annually in digital, fibre and internet networks and 5G services, but this is not enough for the Kingdom to take a lead, said AlOhali. He said the ministry will transform the KSA into an economy based on technology, information, capabilities and skills, and it will bear fruit for the future with huge

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Categories: General
Countries: Saudi Arabia
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