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IT spending in MENA to hit $45b in 2010  Join our daily free Newsletter

MENAFN - 08/07/2007

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(MENAFN) A report issued by research and consultancy firm IDC showed that the total spending on information technology (IT) in the Middle East and North Africa (MENA) region is expected to rise 50 percent to 45 billion by 2010, up from 30 billion in 2006, Gulf News reported.

The IDC report also showed that the total value of IT security spending for the region is estimated to touch 9.3 billion by 2009, with the UAE, Saudi Arabia, Kuwait, Qatar and Bahrain the top five investors.

The Middle East is one of the fastest growing consumer electronics markets in the world, estimated at 7 billion. Research indicates that it will experience double-digit growth in the years to come, a huge opportunity for major players.

 






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