KSA Official Country Sponsor for GITEX 2015
Kingdom’s ICT sector to exceed SAR 138 billion by 2017, driving new investment opportunities
GITEX TECHNOLOGY WEEK 2015, the largest technology event in the Middle East, Africa, and South Asia, has announced that the Kingdom of Saudi Arabia will serve as the Official Country Partner.
Demonstrating investment opportunities, the Kingdom’s ICT sector has expanded significantly over the past ten years and remains on a strong growth trajectory. Over the next five years, the Kingdom’s ICT market is expected to expand at a compound annual growth rate (CAGR) of 8.1% to exceed SAR 138 billion in 2017.
Public sector investment in ICT will play a key role in the Kingdom’s nationwide digital transformation, with the Kingdom’s public sector IT spending set to grow by 44% from 2014-2017, according to a report by IDC and Mobily.
“As the Official Country Partner for GITEX Technology Week 2015, the Kingdom will use this global platform to demonstrate best practices in government-led innovation to boost economic diversification, while encouraging foreign direct investment in the Kingdom’s ICT sector and supporting home-grown technology entrepreneurs to expand beyond our borders to deliver transformative services,” said Mohammed bin Abdullah Al Asiri, Official Spokesperson, National Information Centre, Ministry of Interior, Kingdom of Saudi Arabia.
GITEX Technology Week 2015 will feature the event’s highest-ever number of Saudi exhibitors and exhibition space since the event’s launch 35 years ago. In 2015, GITEX Technology Week will host 48 Saudi exhibitors over more than 1,800 square metres, a 26% increase in exhibitors and 19% in total space.
“For the 35th anniversary of GITEX Technology Week, the Kingdom is our ideal partner – a regional powerhouse for economic growth and technology innovation, and the region’s largest market for ICT investment. Visitors to the event can discover innovations in government services, and insights into reaching a large, youthful, and tech-savvy audience for technology innovations, and a welcoming market for foreign direct investment,” said Ahmed Al Khaja, Senior Vice President, Dubai World Trade Centre, organisers of GITEX Technology Week 2015.
At GITEX Technology Week 2015, new areas that will promote innovation and investment are led by GTX Communities, which will provide new research, networking, and solutions across key verticals of banking, construction, education, healthcare, retail and oil and gas. The GTX Horizons zone will showcase demonstrations of emerging solutions such as 3D Printing, Autonomous Vehicles (drones), robotics, and smart transport. Celebrating innovation, more than 100 globally-renowned speakers will lead the show’s expansive conference formats.
Running under the theme “The Internet Future of Everything,” GITEX Technology Week 2015 is set to attract more than 140,000 visitors, 20,000 C-level executives and over 3,500 exhibiting brands from 55 countries. The show will be held from 18-22 October 2015 at DWTC.