Monday, September 22, 2008

UAE to spend $15b on ICT by 2011

The UAE is currently spending $11.4 billion on Information and Communications Technology (ICT), and that figure is set to rise to $14.8 billion by 2011, according to research conducted by economic and financial analysts Global Insight.
The country has been a leader in the Middle East when it comes to spending on ICT, according to the researcher.
Of the overall industry, IT spend alone in the UAE will reach $2.3 billion in 2012, with a continuous annual growth of 23.9 per cent, International Data Corporation (IDC), a research firm, said in a recent report.

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