March 15, 2008

The Middle East region will be one the world’s leading hotspots for technology

The Middle East and African region will be one the world’s leading “hotspots” for technology investment in 2008, alongside China and India. This year, total investment could reach USD 40.5 billion – growing by more than 13 percent over 2007 – with GCC investment amounting to USD 9.1 billion. Nearly 40 percent of this investment will be in support of new initiatives, in sharp contrast to markets like Europe and the US, where most investment is going towards replacing and updating existing technology infrastructure.

This high investment forecast has created international interest in the potential of the Middle East market. However, if the investments are to result in genuine productivity benefits for companies – and concurrent social and economic benefits – then strong technology leadership is required across enterprises and organisations.

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