BMI View: Although growth opportunities are somewhat limited by market saturation, Saudi Arabia’s towers market will prove attractive to tower firms owing to its large population, subscribers’ high spending compared to African markets, rapidly rising demand for mobile data, and the opportunity to gain entry into the lucrative GCC telecoms market.
An attractive tower market
Saudi Arabia’s mobile market is already saturated, with subscriptions hovering between 50-52mn since 2013, and reaching a penetration rate of 173.3% in March 2015. Subscribers in the country have demonstrated a rapidly rising appetite for mobile data services.
