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Article: saudi arabia accounts for almost half of total regional information technology spend
- Article from:
- Al Bawaba
- Article date:
- September 30, 2009
CopyrightCopyright 2009 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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Kingdom's IT Market Forecasted to Reach US$ 4.9 Billion by 2013
The Kingdom of Saudi Arabia is the biggest Information Technology
(IT) market in the Gulf region, with a forecast value of US$ 4.9
billion by 2013, up from US$ 3.6 billion in 2009, accounting for
nearly half of the total Middle East IT spend, according to Business
Monitor International (BMI).
Mega projects such as the US$ 80 billion Economic City
demonstrate Saudi Arabia's demand for global IT solutions. The shift
towards knowledge-based industries also represents major
opportunities for a myriad of IT product and service firms, with
local IT solution providers looking at ways to further develop their
lines of business.
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