Technology, Media & Telecommunications
The Middle East continues to provide a rich source of growth in the technology space. Private and public sector players across the Middle East, and particularly in the GCC states, are seeking to modernize, by adopting state-of-the-art solutions, and catching the broader global wave of innovation, data utilization, digital transformation and technological advancement. The need for better infrastructure, a general desire to move towards knowledge-based economies, and an increased focus on the efficient use of public funds, are all resulting in increased public sector investment in technology. Technology players continue to see the huge potential to grow their offerings across the region.
The Middle East has a young demographic, increasing incomes and greater access to content via mobile devices. Broader considerations, such as an increased desire for local content, alternative means of content delivery, and growth in the regional film production industry, are resulting in swift development in the media sector. Local sensitivities, regional-specific considerations, and related regulations, can create a minefield for content providers, production companies, publishers, platform operators, advertisers, and others involved in the broader media sector. On-the-ground legal support is essential.
Globally, traditional telecommunications companies continue to face challenges from non-traditional players. Technological developments, such as IP messaging services and ubiquitous smart phones, and a growing appetite for mobile content, are examples of how the telecommunications industry is facing change around the world. In the context of the relatively ‘closed’ telecoms markets of the Middle East, players need local assistance to navigate the regulatory regimes.