Saudi Arabia to Double Radio Spectrum 10-Fold by 2025

Saudi Arabia's hosting of the webinar reflects its global position in the communications and information technology sector. (Saleh al-Ghannam)
Saudi Arabia's hosting of the webinar reflects its global position in the communications and information technology sector. (Saleh al-Ghannam)
TT

Saudi Arabia to Double Radio Spectrum 10-Fold by 2025

Saudi Arabia's hosting of the webinar reflects its global position in the communications and information technology sector. (Saleh al-Ghannam)
Saudi Arabia's hosting of the webinar reflects its global position in the communications and information technology sector. (Saleh al-Ghannam)

Saudi Arabia said Tuesday it will double the radio spectrum by more than 10 times in the next five years, noting that it is currently working on preparing a future roadmap for these uses.

The Communications and Information Technology Commission (CITC) will provide more than 10 gigahertz (GHz) to improve the commercial and innovative use of the Kingdom’s radio spectrum by 2025, according CITC Governor Mohammed al-Tamimi.

“The Saudi telecom regulator is working on setting up a new outlook for commercial and innovative use of radio spectrum,” Tamimi added on the sidelines of the three-day webinar on “Radio Spectrum for International Mobile Telecommunications (IMT)-2020 and beyond: Fostering Commercial and Innovative Use.”

The event, which kicked off on Tuesday, was organized by the CITC in cooperation with the International Telecommunication Union (ITU).

Minister of Communications and Information Technology Abdullah al-Swaha stressed the need for a global standard in spectrum management.

“It is so critical for us to come together as the world’s greatest thinkers and doers in the spectrum field,” he said.

“Digital infrastructure was the backbone for our resilient economies to succeed in a post-COVID world and spectrum is the lifeline,” noted Swah, who is also CITC CEO.

The webinar brought together more than 70 participants representing more than 20 world countries. Speeches were given by senior government officials, companies and international organizations in the field of information technology, including Mario Maniewicz, director of the ITU Radiocommunications Bureau, and Chairman of the Federal Communications Commission Ajit Pai.

ITU Secretary General Houlin Zhao hailed in his opening speech the role played by the CITC in organizing the event, noting that the ITU recognizes the CITC as one of the most developed regulators in the world and Saudi Arabia as one of the Middle East’s largest ICT markets.

CITC Deputy Governor of Radio Spectrum Mohammed Alotaibi told Asharq Al-Awsat on the sidelines of the event that the Kingdom taken steps in recent years to improve radio spectrum management and enable its commercial and innovative use.

These steps aim at benefiting companies providing these services, so that they can improve the speeds and services, especially mobile networks.

He stressed that the radio spectrum is used by various networks and has various uses in several sectors.

The webinar hosted by the Kingdom reflects the significance of its status in the communications and information technology sector.



IMF Approves Third Review of Sri Lanka's $2.9 Bln Bailout

Peter Breuer, Senior Mission Chief for Sri Lanka at the IMF along with Katsiaryna Svirydzenka, Deputy Mission Chief for Sri Lanka at the IMF and Martha Tesfaye Woldemichael, Deputy Mission Chief for Sri Lanka at the IMF, attend a press conference organized by the International Monetary Fund (IMF) in Colombo, Sri Lanka, November 23, 2024. REUTERS/Thilina Kaluthotage
Peter Breuer, Senior Mission Chief for Sri Lanka at the IMF along with Katsiaryna Svirydzenka, Deputy Mission Chief for Sri Lanka at the IMF and Martha Tesfaye Woldemichael, Deputy Mission Chief for Sri Lanka at the IMF, attend a press conference organized by the International Monetary Fund (IMF) in Colombo, Sri Lanka, November 23, 2024. REUTERS/Thilina Kaluthotage
TT

IMF Approves Third Review of Sri Lanka's $2.9 Bln Bailout

Peter Breuer, Senior Mission Chief for Sri Lanka at the IMF along with Katsiaryna Svirydzenka, Deputy Mission Chief for Sri Lanka at the IMF and Martha Tesfaye Woldemichael, Deputy Mission Chief for Sri Lanka at the IMF, attend a press conference organized by the International Monetary Fund (IMF) in Colombo, Sri Lanka, November 23, 2024. REUTERS/Thilina Kaluthotage
Peter Breuer, Senior Mission Chief for Sri Lanka at the IMF along with Katsiaryna Svirydzenka, Deputy Mission Chief for Sri Lanka at the IMF and Martha Tesfaye Woldemichael, Deputy Mission Chief for Sri Lanka at the IMF, attend a press conference organized by the International Monetary Fund (IMF) in Colombo, Sri Lanka, November 23, 2024. REUTERS/Thilina Kaluthotage

The International Monetary Fund (IMF) approved the third review of Sri Lanka's $2.9 billion bailout on Saturday but warned that the economy remains vulnerable.
In a statement, the global lender said it would release about $333 million, bringing total funding to around $1.3 billion, to the crisis-hit South Asian nation. It said signs of an economic recovery were emerging, Reuters reported.
In a note of caution, it said "the critical next steps are to complete the commercial debt restructuring, finalize bilateral agreements with official creditors along the lines of the accord with the Official Creditor Committee and implement the terms of the other agreements. This will help restore Sri Lanka's debt sustainability."
Cash-strapped Sri Lanka plunged into its worst financial crisis in more than seven decades in 2022 with a severe dollar shortage sending inflation soaring to 70%, its currency to record lows and its economy contracting by 7.3% during the worst of the fallout and by 2.3% last year.
"Maintaining macroeconomic stability and restoring debt sustainability are key to securing Sri Lanka's prosperity and require persevering with responsible fiscal policy," the IMF said.
The IMF bailout secured in March last year helped stabilize economic conditions. The rupee has risen 11.3% in recent months and inflation disappeared, with prices falling 0.8% last month.
The island nation's economy is expected to grow 4.4% this year, the first increase in three years, according to the World Bank.
However, Sri Lanka still needs to complete a $12.5 billion debt restructuring with bondholders, which President Anura Kumara Dissanayake aims to finalize in December.
Sri Lanka will enter into individual agreements with bilateral creditors including Japan, China and India needed to complete a $10 billion debt restructuring, Dissanayake said.
He won the presidency in September, and his leftist coalition won a record 159 seats in the 225-member parliament in a general election last week.