Government drives market demand, with government spending representing 74.1% of total demand in 2023. Saudi Press Agency is the largest company in Saudi Arabia, generating 3.5% of the industry’s total turnover value in 2023. The industry is fragmented, with the top one company generating 3.5% of total production value in 2023. The total number of companies decreases in 2023, to 4,732 units. The costs of the industry decrease by 1.4% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 21.5% of turnover in 2023, the 15th highest regionally. With turnover of USD1.5 billion, Saudi Arabia accounts for 29.7% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on News Agencies in Saudi Arabia: ISIC 922. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The News Agencies in Saudi Arabia: ISIC 922 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Information and Communication is an aggregation of Telecommunications, Computer and Related Services; Filmmaking, Radio and TV, Publishing and Printing.
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