Market Share of Kuwait ICT Industry
The Kuwaiti ICT market is semi-consolidated despite the presence of significant players like Ooredoo, Zain, IBM Corporation, Huawei Technologies, and Cisco Systems. Players in the market are adopting strategies such as partnerships, mergers, innovations, and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.
July 2024: Google Cloud inaugurated its new offices in Kuwait, receiving a license from the Kuwait Direct Investment Promotion Authority (KDIPA). The event was graced by His Excellency Mr. Omar Saud Al-Omar, the Minister of Commerce and Industry and Minister of State for Communication Affairs. This move underscores Google Cloud's dedication to bolstering Kuwait's digital transformation, emphasizing the modernization of government services and fostering economic growth. The newly established offices will act as a collaborative and innovative hub, uniting Google Cloud experts to engage closely with local customers and partners.
March 2024: Ooredoo and Huawei will collaborate to upgrade all core networks to a 5GC service-based architecture. The partnership, which was signed during Mobile World Congress Barcelona 2024, will see the modernization of Ooredoo’s core networks in Qatar, Kuwait, Oman, Iraq, Tunisia, Algeria, and the Maldives.
Kuwait ICT Market Leaders
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Ooredoo
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Zain
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IBM Corporation
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Huawei Technologies
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Cisco Systems
*Disclaimer: Major Players sorted in no particular order
