Growth predicted for region's IT sector

The GCC’s IT sector is expected to post a resounding 30% growth next year, according to projections made by Mohammed Ali Al Musallam, secretary-general of the Gulf Organisation for Industrial Consulting (GOIC).

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By  Patrick Phelvin Published  September 29, 2003

The GCC’s IT sector is expected to post a resounding 30% growth next year, according to projections made by Mohammed Ali Al Musallam, secretary-general of the Gulf Organisation for Industrial Consulting (GOIC).

Speaking at the ninth GCC Industrialists’ Conference in Oman yesterday, he said the there had been an encouraging volume of investment in the region’s IT sector but the region must invest further in infrastructure.

“The GCC states are still required to transform to the digital economy, which needs joint efforts of the government and the private sector, and the coordination at the AGCC level,” he told the conference.

The GOIC secretary-general said some Gulf states have surpassed the international rates that measured progress in communication, while others are endeavouring to catch up.

“To that effect, GOIC on many occasions, had called for taking the initiative to bridge the digital gap. The priorities of the Gulf states at this stage are to complete the infrastructure, promulgate necessary legalisation, transfer and localisation of technology and establish knowledge-based industries,” he added.

He argued that priorities include the launch of e-governments in the GCC, in addition to attracting foreign investment. In his working paper, Strategy for IT industries in the AGCC, Mohammed Ali mentioned that production in the e-industry had surpassed the output of all other forms of production in chemical and mechanical industries and called upon the GCC states not to miss the opportunity.

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