Despite only a few GCC regional oil companies industrializing wide-scale investment in digital technology, 88% of GCC refiners surveyed acknowledge that non-investment poses risks such as a lack of ability to improve margins and lower competitive advantage.

The Middle East can deliver approximately 8,500 billion cubic meters (bcm) of gas with average breakeven prices of $2.5 per MMBtu [Million British Thermal Units] by 2030. While recent record low gas prices are due in part to oversupply in the global market, low-cost gas reserves are abundant, and the structural cost competitiveness of gas is improving.

New research by Boston Consulting Group (BCG) highlights that spectrum enables 3.4% of GDP for the top 20 ICT nations from a range of sources, including employment, non-oil revenue, technological adoption, and investment deployment.