Here are the foundational elements of Middle East’s digital economy

Here are the foundational elements of Middle East’s digital economy

As we look to the close of 2021, the digital economy has truly taken shape in the Middle East. The backbone of this digital economy is a new era of hyperconnectivity; one that is enabled by robust investments in digital infrastructure. This evolution is not by chance. It results from deliberate efforts by regional industry and government leaders to lay a foundation for economic and social transformation. At the government level, in particular, Middle East countries have recognised the transformational power of the digital economy and have made ICT a cornerstone of their growth strategies and national visions even before the pandemic. Key to realising these gains in the year ahead will be the expansion of 5G applications for industry, the greening of ICT infrastructure, and the fostering of digital talent across the Middle East. The Middle East has in fact made significant progress in the adoption of digital technologies over the last decade. A great example of this is how organisations in the region have prioritised 5G rollouts. Several regional telecom operators were among the earliest adopters of the technology globally. The number of 5G subscribers in GCC countries alone is estimated to exceed 10 million by the end