Feb 3, 2012 - Spending on technology in the Middle East and Africa is set to surge by more than 14 per cent this year, bucking global trends in the industry.
Multibillion-dollar investments by Gulf organisations are predicted to contribute to the bulk of that growth, according to the research firm Gartner.
Information technology (IT) spending in the Middle East and Africa is set to grow 14.3 per cent this year, in contrast to flat or declining budgets in North America and Europe, Gartner said.
The firm's projection was based on a worldwide survey of chief information officers, who are responsible for IT budgets.
Mark McDonald, the group vice president for Gartner Executive Programmes, said the Gulf was "definitely a region to watch".
Companies in the region continue to experience growth, he said. "They're investing in new technology." Part of the reason is that regional companies are looking to expand in neighbouring markets.
"Companies based in the Gulf are investing in technology to reach out to the surrounding areas," said Mr McDonald.
A separate report by the research firm IDC said IT spending in the Middle East, Africa, and Turkey was expected to surpass US$65 billion (Dh238.7bn) this year, an increase of 12 per cent on last year.
Worldwide spending on IT is forecast to total $3.8 trillion this year, according to another report by Gartner published more recently.
Source: The National
Der Weg für die deutschen Mittelstandfirmen zum UAE-Markt
In the whole world are the most knowhow and technologies developed and growed up in the hand of the small and middle size companies (MSC).
It is more than necessary for the future´s economy and tomorrow´s global businesses market to support the MSCs and get them the opportunity to entre and exist in the market.
Our group has started its activity at June 2008 with the main duty and target to provide the MSCs , especially the German companies, to get a good entrance in to the UAE market, be at the right time and at the right place.
Best regards
Mehrzad Shariati
It is more than necessary for the future´s economy and tomorrow´s global businesses market to support the MSCs and get them the opportunity to entre and exist in the market.
Our group has started its activity at June 2008 with the main duty and target to provide the MSCs , especially the German companies, to get a good entrance in to the UAE market, be at the right time and at the right place.
Best regards
Mehrzad Shariati
Updates
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02 Feb 2012
IT Tech boom looms on horizon in the MENA Region
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