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Article: Sustainable growth of Middle East economies requires strong technology leadership, says IDC

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Al Bawaba
Article date:
March 13, 2008
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The Middle East and African region will be one the world's leading "hotspots" for technology investment in 2008, alongside China and India, according to new research from leading analyst house IDC.

This year, total investment could reach USD 40.5 billion growing by more than 13 percent over 2007 with GCC investment amounting to USD 9.1 billion. Nearly 40 percent of this investment will be in support of new initiatives, in sharp contrast to markets like Europe and the US, where most investment is going towards replacing and updating existing technology infrastructure.

This high investment forecast has created international interest in the potential of the Middle East market. However, if ...

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