Government spending in Oman is set to increase by nine per cent in 2012 from this year to finance construction projects and create more jobs for nationals.
Technology
Alcatel-Lucent choosen by Zain Saudi for major IP/MPLS upgrade
Dr. Saad Al Barrak Zain KSA CEO & Managing Director.
Zain Saudi Arabia (Zain KSA) has selected Alcatel-Lucents IP/MPLS-based mobile backhaul solution to respond to the sharp increase in bandwidth requirements, and to keep pace with subscribers demands.
Huawei profits surge to US$1.94 billion
Huawei posted impressive financial results for the first half of 2011. Sales revenue grew 11 per cent YoY to US$15.34 billion and operating profit reached US$1.94 billion.
Du to invest US$460mn for network projects in 2011
Othman Sultan said du would not need any new loans till the end of 2011
du is planning to inject nearly US$460mn into new mobile and fixed line network projects this year after paying back debt to banks, according to dus CEO Othman Sultan.
Modon has spent US$1.86 billion on industrial cities
Modon revealed that the total cost of the establishment, expansion and development of industrial cities in Saudi Arabia over the past four years has amounted to about US$1.86 billion.
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