Alsalem_Int Pres
- 1. The latest internet service launched was fiber optic connections, with speeds of up to 100 Mbps. The average broadband speed of the country is 3.8 Mbps. Most standards and technology solutions are adopted from the U.S and Europe. MCIT- Ministry of Communications and Info Tech KACST – King Abdulaziz City for Science and Tech CITC - Communications and Info Tech Commission CERT - Computer Emergency Response Team Anti-Spam Program
- 2. The E-Crime Act Web sites hacking or PC spying can result in penalties of up to one year in jail and fines up to $133,000. Hacking financial or banking databases, or performing false monetary transactions can result in penalties of up to four years in jail and fines up to $800,000. The E-Transaction Act Setting uniform legal standards for using electronic transactions and signatures. Ensuring the credibility and integrity of electronic transactions, signatures and records. Preventing misuse and fraud in electronic transactions and signatures.
- 3. Largest and most stable economy in the Gulf. No personal income taxes and only a 20% corporate tax. 100% foreign ownership of companies and property. Should have a visa to enter the country. Copyrights law is not strictly applied. Risk of terrorist attacks on oil companies and facilities. Threats form other countries to attack oil facilities or block production lines.