Page 67 - SAMENA Trends - Oct-Nov 2023

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

IoT Market in Qatar to Reach $2.72 Billion by 2028

The Internet of Things (IoT) market in Qa- tablished the ‘Tasmu Digital Valley,’ an ute to major projects in the area. The report
tar is projected to experience substantial innovation cluster fostering collaboration also notes the rise in smart home projects
growth, increasing from QR2.88 billion among startups, entrepreneurs, investors, in Qatar, emphasizing their positive impact
($0.79 billion) in 2023 to QR9.87 billion researchers, academics, students, multi- on market growth. Additionally, the efforts
($2.71 billion) by 2028. This growth is an- national corporations, and institutions. IoT of market vendors in advancing 5G con-
ticipated to occur at a compound annual constitutes 40 per cent of the Tasmu Smart nectivity are expected further to expand
growth rate (CAGR) of 27.92 per cent be- Qatar use cases, contributing significantly the scope of smart homes in the country,
tween 2023 and 2028, according to a report to the country’s IoT market expansion. The contributing positively to market growth.
by Research and Markets. The report high- government is driving initiatives to support Qatar has positioned itself as a global lead-
lights Qatar as a technologically advanced IoT market growth, exemplified by the Qatar er in 5G network coverage, with high levels
nation within the Arab world, showcasing Mobility Innovations Centre (QMIC), the first of internet and smartphone penetration.
a high level of innovation in IoT, virtual re- independent innovation Centre in the re- The extensive mobile connections in Qatar,
ality, robotics, and 5G. Qatar is actively gion. QMIC, through Labeeb IoT, aims to en- reaching 151.8 per cent of the total popu-
embracing new technologies with a vision hance and deploy smart mobility services lation in January 2022 according to GSMA
to become one of the smartest countries and systems. The overarching objective is Intelligence, indicate a conducive environ-
in the Middle East. The Ministry of Trans- to leverage locally engineered innovations ment for major telecom players to drive 5G
portation and Communications has es- to address regional challenges and contrib- deployment efforts.

Libya Joins Medusa Submarine Cable Project to Boost Telecom Services and
Digital Transformation

The Libyan United International Company with various Mediterranean countries, ceremony, conducted in Tripoli, witnessed
(LUIC), a newly established private sector including Italy, Spain, Portugal, Morocco, the presence of Ibrahim Rehab, LUIC’s
entity specializing in communications, Tunisia, Greece, Egypt, and Cyprus. The Chairman, Spanish Ambassador to Libya
recently inked a contract to integrate Libya LUIC represents a consortium of Libyan Javier Garcia-Larrache, representatives
into the Medusa submarine cable project. private sector firms operating in the from the Medusa submarine cable
This ambitious project interconnects Libya communications industry. The signing system in Spain, directors from several

67 OCTOBER-NOVEMBER 2023