IT News
IT spending in UAE to increase to $3.13bn in 2008
Information technology spending in the Gulf is predicted to rise to $8.42 billion (Dh31bn) this year from $7.26bn in 2007, according to an IT specialist reports Mohamad Al Kady of Emirates Business 24/7.
Growth rates are expected to remain strong and average 14 per cent annually. Hardware, which forms 55 per cent of IT sector sales, is expected to grow by 18 per cent, followed by software (14 per cent) and the service sector (13 per cent).
Last year, Gulf governments spent $718.6 million on IT purchases. However, industry and the private sector – including energy companies, banks and factories – were responsible for 85 per cent of IT sales, especially hardware. The remaining sales were made to small companies and individuals.
