Saudi Arabia, having a population of 25 million, accounts for approximately 45% of IT spending in the GCC. In 2006 the Kingdom's annual sale of personal computers and software reached $ 1 billion (source: Nooz Research). The Middle East Economic Digest (Meed) recently published current and projected usage of Telecoms & IT as a percentage of the population of Saudi Arabia. The penetration rates gleaned from this table are as follows:

• Mobile penetration increasing from 75% in 2006 to 106% in 2011.
• Fixed line penetration changing from 16% in 2006 to 21% in 2011.
• Broad bond penetration from 1% in 2006 to 6% in 2011.
• Household PC penetration from 17% in 2006 to 27% in 2011.

Currently the Kingdom has (3) mobile phone license holders and recently issued (3) new fixed line telephone licenses to share the market with the state-owned Saudi Telecom Company. This is part of the liberalization of the Kingdom's telecommunications sector.

The convergence of internet, mobile and data communication technology has created more opportunities for expansion which can be optimized using the right skills, experience and resources.

The high levels of expertise and experience brought together in the subsidiaries, partnerships and joint ventures associated with the Shoaibi Group provide a comprehensive range of professional services in this market sector.