Saudi Arabia’s Communications and Information Technology Commission (CITC) launched a new licensing approach for the telecommunications sector, on the sidelines of the annual ICT Indicators Forum 2022.
In a statement, the CITC stated that the procedure comes as part of its efforts to enhance the Kingdom's leadership in facilitating business, adopting a more liberalized licensing system, and developing the sector's regulatory environment in accordance with the international best practices.
The new approach restructured licenses and relevant financial considerations. The licenses were, accordingly, re-divided into four types, three of them are individual, and one is general that includes 13 licenses, the authority stated.
It added that the division reflects the authority's efforts to maintain the market balance, attract more investments to the Kingdom, and boost its role as a digital regulator.
Source: https://www.argaam.com/en/article/articledetail/id/1547715