Study maps UAE IT sector growth to 2008

A report on the growth of the IT market in the UAE concludes that the slowdown in the global technology market over the last three years has had little impact on the UAE and specifically Dubai.

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By  Patrick Phelvin Published  November 10, 2003

A report on the growth of the IT market in the UAE concludes that the slowdown in the global technology market over the last three years has had little impact on the UAE and specifically Dubai.

The report by Madar Research — entitled Dubai Knowledge Economy 2003 to 2008 — described Dubai as the region’s main and most vibrant trading and distribution market for IT products and services.

“Firstly, the UAE is an emerging market, and has yet to reach saturation point,” the report’s authors write. “Secondly, the pace of IT development in Dubai — and other emirates — has been firmly set by the political will which is the core force driving the migration of both government and businesses towards the digital economy.”

Despite the generally rosy outlook, the report finds that many IT providers in Dubai noticed a slowdown in their activities during 2002, although their growth is still positive and outlook for 2004 is optimistic.

Madar Research used historical growth patterns and a number of influencing factors to conclude that the Dubai IT market will witness double digit growth rates between 2003 and 2008, far outpacing overall economic growth.

Among the trends that will affect Dubai and the whole UAE IT market over the short term is growing sophistication, with more total solution and value-added service providers replacing pure box movers.

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