Complex Made Simple

Saudi data segment still offers growth opportunities: report

According to a report by Al Rajhi Capital, the Saudi telecoms market looks highly saturated with penetration inching toward 200%, Saudi Gazette has reported. The data segment, however, still offers growth opportunities and remain the key driver for local players, the report noted. Data penetration is currently at a low 40% and with smartphone penetration estimated to reach 50% by 2016, there is significant potential for data usage over the coming years, it said.