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Deloitte launches TMT Predictions in Kuwait Report covers latest industry trends

KUWAIT CITY, May 14: Following the Middle East report’s successful launch in Bahrain, Qatar, UAE and Saudi Arabia, Deloitte, in response to popular demand, has expanded the regional and global Technology, Media & Telecommunications (TMT) Predictions campaign to Kuwait for the first time. “Kuwait is one of the region’s emergingand largely untapped technology, media and telecommunications markets” said Santino Saguto, Partner and TMT industry leader at Deloitte Middle East. “We are now seeing increasing TMT activity in Kuwait, a positive sign of the growing awareness and recognition of the opportunitiesat hand,” Saguto explains.

The expanded TMT Predictions launch was held in collaboration with Noor Telecommunications Company K.S.C.C. (NOORTEL), key sponsor of the Kuwait event. “We would like to express our gratitude to NOORTEL for its support in the launch of the TMT Predictions in Kuwait for the first time, representing their commitment to the development of the TMT sectors in the country and the wider region,” Saguto added.
“We value our relationship with Deloitte, and pleased to participate in bringing this unique event to Kuwait. Which we would like to see continue in the coming years. “ said Eng Ayman Al Bannaw, Chairman  & CEO of NOORTEL.

“We would like to express our heartfelt appreciation to Deloitte, and are proud to have collaborated with them in showcasing their TMT industry predictions for the MENA region. We hope that this event can create a platform for future informative events that may benefit TMT development within the region.” Alaa Hamieh CEO of Digital Alliances.
 

Deloitte’s Global TMT Predictions report covers the latest TMT industry trends, which is presented and shared with key TMT players spanning over 70 countries across the world. With the Middle East’s rising growth, significance and influence in the global TMT space, this year’s Middle East Predictions report, only in its second year, provides the most in depth regional perspective on the latest TMT trends, highlighting the foremost developments unique to the region.
 

The report further covers the far reaching implication and impact of these trends on key areas of the wider Kuwaiti and Middle East economy, addressing key issues inthe education, healthcare, small-mid size business and sports sectors.
“We seek not only to share a point of view, but more importantly to spark key discussions amongst Kuwait’s leading TMT players and those in key sectors of the wider Kuwaiti economy in a forum which stimulates their strategic thinking and market actions for the year ahead and beyond,” Saguto explains.
 

Key trends and outlooks derived from the report for Kuwait include:
Technology:
Massive Open Online Courses (MOOCs):Kuwaitis expressing interest in MOOCs, with universities starting to recognize MOOCs through certificates of achievement
eVisits:based on GCC estimates, the addressable market for eVisits in Kuwait is about $155-210million, which could increase by as much as $17-23 million this year
Media:
Broadcast Sports Rights:Kuwaitipremium broadcast sports rights are predicted to growby 15-20%, driven mainly by growth in broadcast rights of thetop local football league
Telecommunications:
Short Messaging Services versus Instant Messaging:Kuwaiti operators are likely to follow the lead of Saudi telecom operators in partnering with Instant Messaging providers to encourage data consumption and expand new revenue streams

Full details on the Middle East TMT Predictions and a copy of the report are available here:
www.deloitte.com/metmtpredictions2014





 

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