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EMEA IT spending to surpass US

Global Insights report says that IT spending will be greater in EMEA than in US in 2008

IT spending in the EMEA region is set to outstrip that in the US for the first time ever this year, according to a report from Global Insight.

The analyst company predicts that as the US economy slows down, IT spending in the Europe, Middle East and Africa will surpass that in the US, with the Middle East being one of the fastest growing IT markets worldwide.

Total IT spending in the Middle East will be $73 billion in 2008, increasing to $95 billion by 2011.

The figures were released as companies in the region begin preparations for the Gitex exhibition, which takes place in October in Dubai. With an increasing amount of focus from global vendors on the region, the Dubai World Trade Centre, organisers of the event, are predicting that it will sell out well in advance.

Helal Saeed Al Marri, Director General of DWTC said: "The Middle East is one of the fastest growing ICT regions in the world, combining strong business acumen and substantial experience in developing growth. This year's Gitex Technology Week will bring together the biggest local and international companies to build on the current boom in the Middle East ICT market."