KSA-Based Startup Tamara Becomes The Newest Fintech Unicorn in the Kingdom With Its US$1 Billion Valuation
Fintech platform Tamara has made history by becoming Saudi Arabia’s newest fintech unicorn, achieving a valuation of US$1
The Kingdom of Saudi Arabia has secured second place among the G20 countries in the Telecommunication and Technology Development Index (TTDI) 2023, an annual ranking by the International Telecommunication Union (ITU). This ranking measures the development of the telecommunication and technology sectors across 169 countries.
The TTDI evaluates a nation’s progress in communications and technology services through a series of sub-indicators, which are divided into comprehensive and effective communication axes. The index aims to gauge the strength of infrastructure and the ability to provide safe and effective communication for all. Saudi Arabia ranked at least 10 places ahead of the next G20 country in the 2023 edition of the index, highlighting the Kingdom’s robust communications and technology infrastructure, the wide availability of its services, and its significant impact on the growth and development of the national digital economy.
Reflecting the Kingdom’s rapidly growing telecommunications market—reported to be the largest in the MENA region—the index also illustrates how its communications and technology infrastructure and services have positively influenced economic growth and created new opportunities.
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