UAE- Industry players welcomes support for Dh44b IT spend

The information technology industry welcomed as an excellent opportunity for their businesses a report that IT spending in the Gulf region is seen to hit Dh33 billion by end-2008 and Dh44 billion by 2011, crediting it mainly to the continuous government support of the sector. The UAE is the second-biggest IT market in the region, with a 36 per cent share, after Saudi Arabia's 43 per cent, according to the global provider of market intelligence to the IT, telecoms and consumer technology markets, IDC. Kuwait has a nine per cent share, Qatar has five per cent, Bahrain has four per cent and, Oman, three per cent. "We see the boom in IT spend in the GCC market as an excellent opportunity to leverage on the regional IT and consumer electronics market by offering our best products," said Manish Bakshi, the general manager for the... [read full story]