Dubai’s GITEX technology week is expected to have a positive impact and bring in more investments to the UAE, especially in the field of telecommunications, analysts told by Mubasher.
Issam Kassabieh, senior financial analyst at MenaCorp Financial Services, expects this international event to positively influence the performance of the major players in the telecommunications sector.
GITEX is one of the most important technology exhibitions in the region and provides a remarkable platform for sharing investments, exchanging market information, and enabling investors to get together and conclude flagship deals, Jamal Ajaj, director of Al Sharhan Financial Brokerage Center.
He added the companies’ results will see a boost owing to the business transactions sealed during the four-day event, noting that the boost may not be instant but will definitely be effective.
Earlier on Tuesday, Dubai-listed telecom operator du CEO Osman Sultan said that his company had invested as much as AED 2 billion in infrastructure works over the past 12 years, of which AED 1.3 billion were in 2018.
The UAE’s Telecommunications Regulatory Authority (TRA) is currently taking part in the 38th edition of GITEX, which kicked off on Sunday, 14 October and would wrap up on Wednesday, 17 October.
The telecom regulator will showcase Bashr, a portal that helps establish new businesses within 15 minutes, the User Experience Lab, AI Lens, and the Happiness Journey, it said on Sunday.
Under the motto “Driving the Digital Future and the 5G industrial revolution to Empower Communities,” Etisalat showcased its latest experiments in the telecom industry, including 5G network and smart services.
The four-day event welcomes more than 4,100 exhibitors who will exchange expertise on various technology-related fields, notably the state-of-the-art 5G technologies, artificial intelligence (AI) and smart cities.