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.



Saudi EXIM Hosts Global Risk Experts Meeting in Riyadh

The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA
The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA
TT

Saudi EXIM Hosts Global Risk Experts Meeting in Riyadh

The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA
The event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions. - SPA

The Saudi Export-Import Bank (Saudi EXIM) hosted the Berne Union's Country Risk Specialist Meeting, providing a platform for experts and thought leaders in risk management from the export credit community.
At the meeting, which took place from November 19 to 21 in Riyadh, the attendees exchanged best practices to better protect the industry amid shifting global dynamics.
According to a statement issued by the Saudi EXIM on Saturday, the event gathered specialists from 47 organizations from 33 countries; it served as a platform for discussing strategies, partnerships, and innovative solutions.
By strengthening institutional resilience, the industry is ready to turn global economic challenges into opportunities for economic prosperity, said the statement, adding that it played a crucial role in advancing global trade, strengthening international cooperation, and developing credit solutions that empower export activities while controlling risk, SPA reported.
According to the statement, discussions centered on critical risks impacting international trade and the global economy, such as debt sustainability and geopolitical tensions, along with innovative approaches to risk modelling. Participants also explored the global shifts in infrastructure, energy and critical minerals sectors, and were given an overview of Saudi Arabia's National Industrial Strategy, which focuses on economic diversification through investments, developing new sectors, and promoting local industries.
In his opening remarks, Saudi EXIM CEO Eng. Saad bin Abdulaziz Al-Khalb said the meeting is an ideal platform to address risks impacting global economic decision making.
He stated: "Through such meetings, we can turn challenges into strategic opportunities and enhance our resilience in an ever-changing world. At Saudi EXIM, we remain committed to enabling companies by offering expert financial and non-financial solutions to navigate risks effectively."
He also said that "at Saudi EXIM, we place great emphasis on risk management. In alignment with the main objective of this meeting, I am pleased to announce the completion of our independent country risk model, which is supported by advanced modelling tools and machine learning. This model will provide country ratings and predictions of default risks. We look forward to collaborating with our partners in other export credit agencies to exchange knowledge and expertise, and to strengthening our risk management functions with greater responsibility and effectiveness."
Associate Director at Berne Union Eve Hall said: "The global risk landscape today is highly volatile and highly interconnected. As we navigate our way around the ongoing transformations connected to energy transition and shifting industrial strategies, the traditional concept of 'country risk' is becoming increasingly complex. Our industry excels at understanding, quantifying and pricing these risks, and by bringing together this community of experts for technical exchange the Berne Union is able to help support the development of the industry as a whole. The initiatives announced by our colleagues at Saudi EXIM, making use of new technology in risk analysis, provide a fantastic example of where collaboration in this field can be effectively applied."
The statement disclosed that Saudi EXIM's membership in Berne represents a significant strategic step, and is consistent with the Kingdom's commitment to expanding collaboration and integration in the global economy.
This is achieved by building partnerships with leading institutions to address the challenges facing the export credit sector. It also aligns with the bank's goal of developing the export of national products and services through partnerships with national and international financial and funding organizations.
Berne Union works with global trade organizations to encourage the adoption of best practices in export credit insurance, and to cooperate in maintaining the stability of global trade.
Saudi EXIM, a development bank under the National Development Fund, contributes to diversifying the Kingdom's economic base by improving the efficiency of non-oil export ecosystems, bridging financial gaps, and minimizing export risks. This plays a role in helping the non-oil national economy grow, in line with Vision 2030.