MANAMA, Bahrain – Saudi Arabia has become the top investor in Information and Communications Technology (ICT) with investments of up to SR75 billion ($20 billion) in 2008, according to a report by Global Insight, an international research company.
Europe, the Middle East and Africa (EMEA) are set to spend SR273 billion ($73 billion) on ICT reaching over SR356 billion ($95 billion) in the next three years. At the current rate the regional expansion is set to overtake the US in ICT spending.
The report stated that businesses in the Middle East are experiencing a 5 percent growth, compared to a 4 percent growth in the US. The Middle East and Asia-Pacific are becoming the two fastest growing regions in the world, according to the report. – SPA
Europe, the Middle East and Africa (EMEA) are set to spend SR273 billion ($73 billion) on ICT reaching over SR356 billion ($95 billion) in the next three years. At the current rate the regional expansion is set to overtake the US in ICT spending.
The report stated that businesses in the Middle East are experiencing a 5 percent growth, compared to a 4 percent growth in the US. The Middle East and Asia-Pacific are becoming the two fastest growing regions in the world, according to the report. – SPA
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