Press Release — The introduction of 5G technology in the Hashemite Kingdom of
Jordan is a major development that has the potential to generate significant
economic benefits for the country. In this article, I will explore the
importance of 5G in Jordan and detail its potential impact on the country's
Gross Domestic Product (GDP).
اضافة اعلان
Recently, Ericsson commissioned a study by management consulting
firm Analysis Mason titled “The Future Value of Mobile in Emerging Markets”
showcasing the potential economic, consumer and environmental benefits of 5G
connectivity in 15 national emerging markets. According to the study, these
markets could benefit from GDP growth between 0.3 and 0.46 percent through
2035, with an estimated three-to-seven-fold cost-to-benefit ratio. Although
Jordan was not one of the 15 countries in the study, we can still apply these findings
to the Hashemite where we could foresee a strong link between 5G adoption and
GDP growth.
One of the primary ways in which 5G could boost Jordan's GDP is
through its ability to provide faster and more reliable connectivity. This is
particularly important for Jordan, as the country has made significant efforts
in recent years to position itself as a regional hub for technology and
innovation. With 5G, businesses and individuals in Jordan will be able to
access high-speed internet, enabling them to further participate in the global
economy and take advantage of new opportunities for economic growth. It is
worth mentioning that the mobile phone penetration in Jordan has increased
dramatically in the second quarter of 2022, reaching 7.4 million subscriptions
according to the Telecommunication Regulatory
Commission.
In addition to its impact on connectivity, 5G could also drive
innovation and enable the development of new technologies. With its high speeds
and low latency, 5G can support a wide range of applications and services,
including the Internet of Things (IoT), autonomous vehicles, and virtual and
augmented reality. This could lead to the creation of new businesses and job
opportunities in Jordan, as well as the potential for new technologies to
improve various sectors such as healthcare, transportation, and agriculture.
Another way in which 5G could contribute to GDP growth in Jordan
is through its potential to improve the efficiency and productivity of existing
businesses. For example, 5G could enable the adoption of new technologies that
automate various processes, resulting in cost savings and increased efficiency.
It could also enable businesses to access new markets and customers through the
use of online platforms and services.
Finally, the introduction of 5G in Jordan could also have a
positive impact on the country's tourism industry. Tourists will be able
to access high-speed internet while traveling, enabling them to stay connected
and make use of online services such as booking and transportation. The
technology can help create new tourism-related innovations such as virtual and
augmented reality experiences, giving visitors a close to real-life interaction
with tourism activities. This could attract more visitors to the country.
Although the full potential of 5G technology is yet to be
tapped, there is no doubt that it will create never-before-seen experiences for
individuals, businesses, and society by making the unimaginable possible. The
Hashemite Kingdom of Jordan will indeed reap the benefits of 5G technology and
its associated socio-economic benefits, while boosting industries and
transforming how its citizens connect and interact with each other.
Disclaimer:
This press release is not produced by Jordan News. We do not bear responsibility for its content. In case you have any questions about this press release, please refer to the contact person/entity mentioned in the body of the text.
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