B2B drives market demand, with B2B spending representing 78.2% of total demand in 2023. Saudi Telecom Co is the largest company in Saudi Arabia, generating 22.1% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 33.7% of total production value in 2023. The total number of companies increases in 2023, to 1,746 units. The costs of the industry decrease by 3.9% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 29.4% of turnover in 2023, the 15th highest regionally. With turnover of USD56.2 billion, Saudi Arabia accounts for 32.3% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Telecommunications in Saudi Arabia: ISIC 642. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Telecommunications in Saudi Arabia: ISIC 642 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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