Friday, March 18, 2011

Technology and Innovation

Here's something interesting I found regarding the development of technology in the UAE, and more specifically the development of broadband internet within the Emirates. The Emirates Telecommunications Corporation, or etisalat, is going to be investing $15 billion over the next 5 years to expand the broadband network of the Emirates and other countries in the region.
The money being invested is going towards purchasing things like fiber optics cables, which increase the potential bandwidth of the network.
The UAE hopes to have 100% broadband penetration by 2012, and by doing so, hopes to expand markets such as banking and tourism. On top of hoping for complete penetration, the UAE government has committed to continuously expand the country's broadband capabilities.

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