Oman’s Ministry of Commerce, Industry, and Investment Promotion (MoCIIP) has initiated a project to advance the country’s adoption of the latest technological advancements and implement Fourth Industrial Revolution (4IR) techniques in a strategic move to accelerate industrial modernization.

Read more: Oman Set to Transform 30% of Factories into Smart Facilities by 2026

Telecom Review is thrilled to announce that nominations for the prestigious Telecom Review Excellence Awards 2024 are now officially open. This annual recognition, a notorious segment of the well-known Telecom Review Leaders’ Summit event, recognizes and honors the outstanding achievements and innovations within the ICT industry.

Read more: Be Recognized as an ICT Leader: Submit Nominations Now!

Oman’s information, communications, and technology (ICT) sector has continued to advance in recent years, boasting an increase in internet access of 98% in its households, according to the National Centre for Statistics and Information (NCSI).

Read more: Oman Accelerates ICT Growth, Cites 98% Increase in Internet Access

Generative AI (GenAI) is a technological breakthrough that is already changing the way businesses operate, and this transformation could significantly reshape Saudi Arabia and its journey to a digital future.

Read more: Saudi Arabia’s Generative AI Revolution Set to Supercharge Profit Across Industries

Reduced CapEx in the telecom industry signifies a strategic shift towards more efficient and flexible investment approaches, potentially leading to innovation and new growth opportunities while balancing the risks of underinvestment.

Read more: CapEx Trends in Telecoms: Balancing Efficiency, Innovation, and Market Demands

His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE’s Vice President and Prime Minister, and Ruler of Dubai, has announced the 2025 UAE National Action Plan, which places a strong focus on three key areas, including accelerating innovations in artificial intelligence (AI).

Read more: UAE to Invest in AI Research and Development in 2025 Action Plan

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