Global Arab Network | IT spending in UAE to grow more than .5 bn by 2013

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IT spending in UAE to grow more than $4.5 bn by 2013

Global Arab Network - - George Haddad

Tuesday, 04 August 2009 23:06

IT_spending_in_UAE_to_grow_more_than_4.5_bn_by_2013

IT spending in the UAE is expected to grow from around $3.1bn in 2008 to approaching $4.7bn by 2013, according to a recent report by Business Monitor International.

The report predicts that, despite the global economic slowdown, local and federal government initiatives combined with significant population growth, and continued developments in healthcare, education, real estate and tourism will offer excellent opportunities for ICT companies.

With the Middle East ICT sector remaining buoyant at a time when more established markets are experiencing a slowdown, global companies are focussing heavily on strengthening their presence in the region.

Businesses are confirming their presence at Gitex Technology Week 2009, one of the most important ICT exhibitions in the world, which is taking place at the Dubai International Convention and Exhibition Centre 18-22 October.

'The continued expansion of essential services in the UAE creates a wealth of opportunities for international companies empowering their business operations. As many traditional markets experience difficult times, visionary companies are turning to Gitex Technology Week as a platform to capitalise on the need for reliable, integrated ICT solutions,' said Helal Saeed Almarri, CEO, Dubai World Trade Centre, organiser of the event.

The Business Monitor International report adds that despite a fall in oil prices, exports from Dubai to Gulf Co-operation Council (GCC) countries were still rising. It states that, 'Spending should continue to be strong in traditional sectors such as government and verticals, while other sectors such as healthcare, retail and education should also offer opportunities.'

Local governments account for around 20% of all IT services spending, and with Dubai expected to spend between $1.6m and $2.2m per year implementing its plan to get 90% of government services online, there remains a market for high-quality ICT products and services. With a new dedicated e-government sector to support this dynamic industry, visitors and businesses can have a first hand look, the various e-government services on offer which are designed to provide easy accessible information on a 24/7 basis.

Exhibitors who have already booked space at the Business Solutions section of Gitex Technology Week already include Aptec, Apple, Brother, Dell, Dubai Internet City, Dubai Municipality, e-Saudi, Epson, Logicom, McAfee, Mindware, Ministry of Interior, Ministry of Social Affairs, Oracle, Secureway and Symantec.

Gitex Business Solutions will also showcase the latest and best in network and security, IT solutions, and office automation and supplies, with thousands of IT professionals and decision-makers converging under one roof over five days to conduct new business and source cost-effective solutions.

'Gitex is the only dedicated IT exhibition in the region that is designed to help companies increase their regional out reach. Brother has always had a strong presence in the Middle East. We are growing as a company, and Gitex will give us that needed platform to educate regional businesses and individuals on all the new and exiting technology Brother has to offer,' said Mr. Shinji Tada, Managing Director, Brother International (Gulf) FZE.

Now in its 29th year, Gitex Technology Week has become a beacon for the information technology and communications sectors in the Middle East, and attracts tens of thousands of visitors from all over the world. Decision makers and buyers will seek to use the event to improve the value proposition of their offerings while enhancing the cost efficiency of their operations.

As well as Gitex Business Solutions, Gitex Technology Week 2009 will offer a focused environment with other industry specific sectors including, GULFCOMMS and Consumer Electronics. In addition, the Middle East International Banking, Financial Technology and Services Exhibition, MEFX, will run alongside Gitex Technology Week to provide all-encompassing exposure to business opportunities throughout the region.

The Gitex Technology Week Global Conference programme entitled 'Defining the value of IT in a challenging economy' has been expanded again this year to include an impressive 40 tracks. Designed for senior executives, new this year will be the Leaders in Industry Breakfast Briefings where analyst firms Gartner and Forrester Research will outline key trends and provide industry insight.

Other forums will also feature leading international industry personalities who will engage and empower the Gitex community with new intelligence and information to effectively adapt and manage their businesses as we enter a new era of economic dynamics.

Gitex Technology Week, 18-22 October is open to trade and business professionals only from 10am - 7pm and takes place at Dubai International Convention and Exhibition Centre.

Global Arab Network

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