Quantum Switch Tamasuk
The Middle East
The Middle East is made up of 18 countries, these countries have become early adopters of new age technology, and are among the fastest-growing content creators with predominantly a lower average age, giving very high adoption rates in the 90% range. At the turn of the century, the major countries initiated efforts to develop their digital economy.
United Arab Emirates
The market of Dubai is a large one, with 1.5 billion people in the neighbouring regions, the Middle East, America, Africa and Europe. Just over the last few years the economy has grown at a phenomenal rate of 11 % till date. The UAE is an early & high adopter of new cutting-edge digital technologies, with a focus on increasingly diversifying economies.
With a population of just over 4 million, Kuwait holds high status in the Middle Eastern markets, with the Government also focusing on developing technology. As part of Kuwait Vision 2035, Kuwait aims to position itself as a global hub for environmentally sustainable oil refineries, which has attracted investments worth $3 billion so far.
Bahrain is an island country in the Gulf, made up of 50 natural islands & an additional 33 artificial land masses. It is considered the fastest growing financial centre in the Middle East and is making strides towards becoming a digital economy and the region’s FinTech hub.
Fuelled by pandemic-induced accelerated digitisation, the numbers are increasing rapidly as we speak.
With one of the world’s fastest-growing economies, and home to one of the world’s leading airlines, Qatar is in the midst of a massive development push.
The capital city of Doha boasts a surging population, a new metro system, technological developments and huge football stadiums in preparation for hosting the FIFA football World Cup at the end of 2022.
Kingdom of Saudi Arabia
With the highest population of the GCC countries, Saudi Arabia has a well-established economy. The Saudi society is young and growing rapidly, its consumer market is weighted heavily toward technologically literate early adopters. The developing government IT strategy is part of efforts to establish a robust and cutting-edge digital architecture so digital transformation accelerates and supports a digital society, and a thriving digital economy.