IT spending in MEA to reach $36 billion in 2009

IDC study claims IT sector will help drive countries around the world out of economic slump

Tags: Economic crisisEconomic recoveryIDC Middle East and AfricaSaudi ArabiaUnited Arab Emirates
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IT spending in MEA to reach $36 billion in 2009 IT spending on hardware, software and services for the UAE will reach $4.1 billion in 2009.
By  Vineetha Menon Published  October 5, 2009

A new study by market research specialists IDC has pegged IT spending in the Middle East and Africa region to reach $36 billion this year.

IDC's 2009 Global Study, which was sponsored by Microsoft, says that the sector will help drive growth in economies worldwide to create 5.8 million new jobs and 75,000 new businesses globally over the next four years.

It expects growth in worldwide IT spending on hardware, software and services to continue at a pace roughly three times that of the rest of the economy between now and 2013.

"In this fundamental economic reset, innovative technologies will play a vital role in driving productivity gains and enabling the creation of new local businesses and highly skilled jobs that fuel economic recovery and support sustainable economic growth," said Steve Ballmer, CEO of Microsoft.

Emerging countries will account for only 21% of IT spending this year but, over  the next four years, will be responsible for more than 50%  of net new IT spending.

The total IT spend for all 52 countries analysed in the study will be $1.4 trillion in 2009, with countries from the Middle East and Africa region accounting for $36 billion.

Based on IDC findings for the Arab region, Turkey is the country that will spend the most on IT this year at $7.2 billion. Saudi Arabia follows at $5.9 billion, then the United Arab Emirates at $4.1 billion and Egypt at $1.9 billion.

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