Huge growth predicted for ICT market in Jordan

Market set to reach $3bn by 2011, with outsourcing to be one of the key drivers of growth, according to local executive.

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By  Michele Howe Published  September 10, 2007

The ICT market in Jordan is expected to reach $3 billion by 2011, up from $1.8 billion at present, the CEO of the Information Technology Association of Jordan (int@j) told yesterday.

The $3bn figure was in fact conservative and actual growth could be much higher, Sabri Tabbaa told after a presentation on the ICT landscape in Jordan during GITEX.

"The $3bn figure is not exaggerated. IT spending in the Arab world is one of the lowest internationally and that is going to change. Approximately 60% of the Arab world is under 25, so that will drive ICT sales. Plus we have a strong direction for growth. It is going to explode," he said.

One of the key drivers of growth will be outsourcing, said Nidal Qanadilo, director of ICT investment and promotion at the Ministry of Information and Communications Technology in Jordan.

He described the investment climate in Jordan as "extremely attractive".

"Jordan offers all the right ingredients for a successful and vibrant outsourcing industry, such as our capable workforce at competitive cost as well as the country's robust technology infrastructure," he said during the presentation.

Egypt, which is currently being touted as the likely number one destination for outsourcing in the future overtaking India, will present competition for Jordan in this area, but there is room for both players, Qanadilo added.

"There will be enough demand for Egypt as well as Jordan. We don't want to compete with Egypt," he said.

Export sales will be another driver of growth for Jordan, Tabbaa said. Currently at $190 million, export sales will jump 25% over the next five years, he predicted.

Ten companies from Jordan are participating in this year's GITEX, one of the largest regional delegations at the show.

They include technology and consulting firm Optimiza which was formed from the merger of nine companies, and which makes its regional debut at GITEX.

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