UAE’s focus on 5G and fibre helping transition to a knowledge economy
The UAE has one of the fastest median download speeds on 5G networks in the world, and also among the highest fixed broadband speedsates. This is the result of focussed investment in infrastructure in recent years, with an emphasis on fibre as opposed to upgraded copper networks, as well as on 5G. Indeed, the UAE has the second highest 5G take-up globally, behind only China.
This progress is part of a long-term strategy to wean the UAE’s economy away from its dependence on oil, and to be supported more by digital services. To this end, the government has encouraged foreign investment by several means, including the ongoing development of the futuristic Masdar City, and by enabling higher foreign ownership of the two principal telcos Etisalat and du. The rapprochement seen in the October 2020 Abraham Accords Agreement signed between the UAE and Israel will also encourage cross border commerce and telecom traffic, and encourage investment in technology firms and digital services.