Gitex team predicts IT spending surge

Middle East and Africa spending on IT hardware alone will surpass US$20 billion a year by 2009 according to the numbercrunchers at IDC. Against this healthy market backdrop, Dubai World Trade Centre, organisers of Gitex 2005, reckons that this year’s show will play a pivotal role in stimulating and defining IT spending across various industry segments.

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By  Stuart Wilson Published  July 27, 2005

Middle East and Africa spending on IT hardware alone will surpass US$20 billion a year by 2009 according to the numbercrunchers at IDC. Against this healthy market backdrop, Dubai World Trade Centre (DWTC), organisers of Gitex 2005, reckons that this year’s show will play a pivotal role in stimulating and defining IT spending across various industry segments. Total IT spending in the MEA region — comprising hardware, software and services — surpassed the US$20 billion mark in 2004 according to DWTC executives. “The MEA region alone saw IT spending register an increase of 2.1% to touch US$21.53 billion in 2004,” explained DWTC director general, Helal Saeed Khalfan Al Marri. Al Marri claims that major names in the manufacturing and services sectors will focus on Dubai and Gitex 2005 to learn more about customised IT solutions that can facilitate the smooth running of their businesses. In addition to IT hardware vendors, Gitex will also feature a wide range of software and services companies exhibiting their wares. IT spending in the GCC states alone is expected to total almost US$5bn in full year 2005 with Saudi Arabia and the UAE accounting for 46.8% and 30.4% of this spending respectively. Given the strong IT spending growth rates predicted for the MEA region, DWTC expects an increased number of exhibitors and trade visitors to attend Gitex this year. In 2004 the event attracted 939 exhibitors representing some 2,428 companies from 41 countries. More than 116,000 visitors attended Gitex 2004.

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