Latest news with #Federal Competitiveness and Statistics Centre
Economy ME
22-07-2025
- Business
- Economy ME
UAE's trade in telecommunication services surges by 4.3 percent to $2.8 billion in 2024
The trade in telecommunication services within the UAE saw a notable increase of 4.3 percent in 2024, amounting to AED10.2 billion ($2.8 billion), up from AED9.8 billion in 2023, as per data published by the Federal Competitiveness and Statistics Centre (FCSC) . This growth was primarily fueled by a robust performance in the fourth quarter of 2024, which witnessed a year-on-year surge of 12.95 percent, elevating the quarterly trade value in telecom services to AED2.70 billion. Furthermore, the data indicated that exports of telecom services rose by 6.49 percent in 2024, reaching AED4.9 billion, while imports experienced a growth of 2.38 percent, totaling AED5.3 billion. The fourth quarter accounted for the largest share of annual telecommunications trade at 26.45 percent, with the third quarter following at 25.34 percent (AED2.59 billion), the second quarter at 25.05 percent (AED2.56 billion), and the first quarter at 23.17 percent (AED2.37 billion). This notable performance highlights the strategic importance of the telecom sector in bolstering the UAE's digital economy, facilitating the growth of e-commerce, and advancing technological infrastructure. FCSC is a governmental center linked with the Ministry of Cabinet Affairs. It was established to enhance and develop the UAE's performance in global competitiveness, statistics, and data, thereby supporting the country's aspirations towards achieving the UAE's Centennial Plan 2071. Read more: UAE telecom du delivers exceptional 2024 results, proposes 59 percent increase in annual dividend UAE telecom market growth The UAE's telecom market reached $12.2 billion in 2024 and is expected to continue strong growth driven by 5G deployment, high smartphone penetration, and heavy investments in digital infrastructure. Exports of telecommunication equipment specifically (not only services) amounted to about $25 billion in 2023, highlighting the UAE's role as a key distributor and re-exporter in the region. In May 2025, the UAE achieved the top global position in the telecommunications infrastructure index, the institutional framework for digital government, and the digital content index, as stated in the second edition of the 'State of Digital Transformation Report.' The report emphasized the UAE government's digital accomplishments across 12 crucial sectors, including the economy, finance, human resources, health, education, community development, culture and youth, immigration and foreign affairs, security and justice, infrastructure and energy, logistics, and the environment.
Emirates 24/7
22-07-2025
- Business
- Emirates 24/7
UAE telecom services trade up 4.3% to AED10.2 billion in 2024
The UAE's trade in telecommunication services increased by 4.3 percent in 2024, reaching AED10.2 billion, compared to AED9.8 billion in 2023, according to data released by the Federal Competitiveness and Statistics Centre (FCSC). This growth was largely driven by a strong performance in the fourth quarter of 2024, which recorded a year-on-year increase of 12.95 percent, bringing the quarterly trade value in telecom services to AED2.70 billion. The data also revealed that telecom service exports rose by 6.49 percent in 2024 to AED4.9 billion, while imports grew by 2.38 percent to AED5.3 billion. The fourth quarter recorded the highest share of annual telecommunications trade at 26.45 percent, followed by the third quarter at 25.34 percent (AED2.59 billion), the second quarter at 25.05 percent (AED2.56 billion); and the first quarter at 23.17 percent (AED2.37 billion). This robust performance underscores the strategic role of the telecom sector in supporting the UAE's digital economy, the expansion of e-commerce, and the development of technological infrastructure. FCSC is a government centre affiliated with the Ministry of Cabinet Affairs. FCSC was established to develop and enhance the UAE's performance in the areas of global competitiveness, statistics and data, and to support the country's journey in achieving UAE's Centennial Plan 2071. Follow Emirates 24|7 on Google News.
Zawya
22-07-2025
- Business
- Zawya
UAE telecom services trade up 4.3% to $2.77bln in 2024
ABU DHABI - The UAE's trade in telecommunication services increased by 4.3 percent in 2024, reaching AED10.2 billion, compared to AED9.8 billion in 2023, according to data released by the Federal Competitiveness and Statistics Centre (FCSC). This growth was largely driven by a strong performance in the fourth quarter of 2024, which recorded a year-on-year increase of 12.95 percent, bringing the quarterly trade value in telecom services to AED2.70 billion. The data also revealed that telecom service exports rose by 6.49 percent in 2024 to AED4.9 billion, while imports grew by 2.38 percent to AED5.3 billion. The fourth quarter recorded the highest share of annual telecommunications trade at 26.45 percent, followed by the third quarter at 25.34 percent (AED2.59 billion), the second quarter at 25.05 percent (AED2.56 billion); and the first quarter at 23.17 percent (AED2.37 billion). This robust performance underscores the strategic role of the telecom sector in supporting the UAE's digital economy, the expansion of e-commerce, and the development of technological infrastructure. FCSC is a government centre affiliated with the Ministry of Cabinet Affairs. FCSC was established to develop and enhance the UAE's performance in the areas of global competitiveness, statistics and data, and to support the country's journey in achieving UAE's Centennial Plan 2071.
