Lebanon looks to expand ICT economy with Gitex appearance

The Lebanese information & communications technology (ICT) industry is planning to arrive at Gitex in force this year. Lebanon’s fledgling ICT economy is estimated to be worth US$150 million, inclusive of services such as consultancy, training and implementation.

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By  Mohammed Affan Published  October 6, 2002

The Lebanese information & communications technology (ICT) industry is planning to arrive at Gitex in force this year. Lebanon’s fledgling ICT economy is estimated to be worth US$150 million, inclusive of services such as consultancy, training and implementation, according to a spokesperson from Professional Computer Association (PCA) in Lebanon.

Further market research indicates that over the past five years Lebanon has achieved a growth rate of between 10 and 20% in the software development sector. It is currently estimated that Lebanese exports in the software field amount to US$50 million.

In an effort to continue its market momentum Lebanese companies are now hunting for customers across the region. Consequently, the PCA has organised the Lebanese Pavilion at this year’s show. The pavilion will also be hosting a delegation from the Investment & Development Authority of Lebanon and the Lebanese Business Council, which is expected to provide a major boost to their participation. Both bodies are expected to announce major export initiatives at Gitex.

“There has been a major increase in Lebanese software exports to the Gulf, which serves as our largest customer base, due to geographical proximity and competitive pricing,” explains Michel Nseir, head of the Lebanese Pavilion, at Gitex Dubai 2002.

“By participating at the leading IT exhibition, we hope to attract high end users from big corporations in the region as well as signing up with dealers looking for new and innovative products to launch in the region. Lebanese companies have acquired high levels of expertise in recent times. ICT companies developing software have started opening offices in the Gulf and North Africa,” he adds.

The companies participating at Gitex include Automation Computer Technology (ACT), Software Design, International Gateway, Dot Lb, Terravision, DC Soft, BMB, SETS, Internet Facilities and Al Yousifi.

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