Speculation abounded about the numbers of winners and losers due to the outbreak of the "Corona" virus, and its spread around the world very quickly, which showed high levels of awareness of its seriousness and how to address it on a personal level, but in contrast revealed a great weakness in how to deal with its direct repercussions in terms of containment, treatment and solutions that guarantee To stop its spread.
The health care sector tops all indicators of real demand, followed by the preventive products sector strongly, then the financial technology sector.
As for the telecom sector, it achieved the highest demand indicators in history during the past month only, to become the only way out for those committed to domestic insulation, while the entertainment and electronic games sector has become the outlet for many and maintain their stay inside the home.
The weekly report of Al Mazaya Holding Company stated that the rapid progress in the field of technologies and modern technology and registered development has created many digital entertainment solutions, and behind it are institutions and companies with billions of investments working in this innovative sector.
The report issued today pointed to the importance of a large volume of development, modernization and investments to raise the readiness of the medical and research sectors related to emerging epidemics, which are expected to carry many positive aspects on the pace of financial and economic activity, and return returns not less than those of most sectors Vitality, despite the poor performance and disappointing results up to now in many countries of the world, which would raise the investment attractiveness to him.
He explained that in the current scene, the telecommunications sector is leading, along with the health and financial sectors, factors to resist stress and deal with emergency developments with high efficiency, according to the report on benefits, as the telecommunications sector currently controls the largest portion of solutions to all challenges and obstacles facing the continuation of economic and life activities, while The components of the economic sector in the Gulf countries seem more ready than others in dealing with such conditions, in light of its continuous development and modernization, which leads to optimism in getting out of the current ordeal with the best results and at an advanced level of techniques and expertise.
The report followed that the Gulf telecom companies enjoy good financial positions and positive accumulated profits that qualify them to lead the current stage, so the data circulating shows that the net profits of these companies resulting from the growth of revenues related to operating operations to $ 5.94 billion during the first nine months of 2019, where investments are concentrated in Areas of digital transformation, development of digital payments, and artificial intelligence.
As for financial technology, the report pointed to record unprecedented increases in use, to replace credit cards instead of paper money in daily purchasing transactions, as part of measures to prevent the spread of the Corona virus.
In contrast, the report pointed out that the annual growth rate in the number of emerging financial technology companies reached 39%, which reflects the great interest of investors in entering into these projects.
The growth in the demand for financial services technology is due to several factors, including the demographics in the region and the rise in the income of individuals from the local product, while the great spread of the Internet contributes to be a direct engine for the growth of demand for this technology, where the rate of Internet penetration reaches 94%, accompanied by a rise in Electronic payment services reach 76%, while the availability of capital is a major catalyst for the growth of this industry at present and in the future.
The report discussed the volume of development and proliferation in which the electronic games market enjoys at the level of the region and the world, which contributed in one way or another to achieving great successes in implementing the quarantine of more than one billion people around the world, where the home entertainment and electronic games sector is one of the most effective options In these exceptional circumstances, the data circulating indicates that the computer games market, for example, has reached $ 152 billion, or 45% of the total market.
The report also pointed out that the returns of the electronic gaming market at the global level exceeded $ 100 billion in 2019, an increase of no less than 10% compared to the level achieved during the year 2018, noting that entering the fifth generation technology will serve the current demand for entertainment products, and will double the value of The market, especially as more than two billion people around the world are interacting directly and indirectly with technology gaming products.
The report indicated that the real estate sector maintains its balance as it expresses the stock of investment values, despite the decline in the pace of activity due to closures and the restriction of investment and economic movement, and he expected that the advertising and advertising sectors would witness a booming boom and record new growth figures, while most of the productive sectors would be pushed towards operations Acquiring new market values within its high production capabilities.
The report added that the performance of vital economic sectors is still living away from balance at the present time, as the sectors are divided into areas under direct pressure and record sharp losses, and others are still able to cohesion and try to escape the noise of rapid developments, and others find additional opportunities to raise production and expand the range of services Pump more investments and take advantage of the conditions around the world well, expecting to achieve unparalleled qualitative leaps that will pay it for long periods in the future, stressing the importance of developing plans and strategies that achieve parity between all sectors.