The booming IT industry

A global survey of executives across the IT industry predicts strong growth for the Middle East region in the year ahead. Globally, the survey indicates positive growth for IT jobs and revenues

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By  Andy Tillett Published  April 6, 2005

A global survey is predicting strong growth in the Middle East’s IT industry. Approximately 5% of the respondents polled for the survey say the Middle East is overtaking Western economies and 10% of companies voting outside of their own region opted for the Middle East as the region to watch. 232 enterprises were surveyed worldwide. The poll, by Nettresults/Eurocom PR Worldwide, showed a continuation in the movement of IT manufacturing to the Middle and Far East, and all respondents were positive about the year ahead. Overall, confidence among businesses was high with 40% of respondents listing themselves as more confident of their prospects in the year ahead, and 60% retaining the same level of confidence. This is reflected in predictions for an upturn within the industry. “The study suggests the tech recovery has well and truly kicked in. While we will never get back to the heady days of the dot.com boom, that is to be welcomed. This study suggests a more sustainable recovery,” says Nick Leighton, managing director of NettResults to increase revenues, 44% expect to increase jobs and 52% said that head count levels would be maintained. Only four percent predicted layoffs. 232 CEO or Director level executives responded to the survey in 30 countries from the Middle East, Europe, North and South America. The survey was completed in February 2005.

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