Lebanese software industry reaches $150 million
The Lebanese software industry has grown to $150 million, inclusive of related services such as consultancy, training and implementation, according to a spokesperson from Professional Computer Association (PCA) in Lebanon. Market research indicates that over the past five years Lebanon has achieved a phenomenal growth rate of between 10 to 20 percent in the software development sector. It is currently estimated that Lebanese exports in the software field amount to $50 million.
In an effort to highlight this upward trend, Lebanon’s Information Technology (IT) industry will be represented at GITEX Dubai 2002 with a group of leading Information, communication and Technology (ICT) companies, showcasing their software expertise under the umbrella of the Lebanese Pavilion, which is organized by the PCA.
The Lebanese Pavilion will also be hosting a delegation from the Investment and Development Authority of Lebanon and the Lebanese Business Council. Both bodies are expected to announce export initiatives at the region’s largest IT event, according to a press release.
“There has been a major increase in Lebanese software exports to the Gulf, which serves as our largest customer base, due to geographical proximity and competitive pricing,” said Michel Nseir, head of the Lebanese Pavilion, at Gitex Dubai 2002.
“Lebanese companies have acquired high levels of expertise in recent times. We have witnessed two major developments in the Lebanese software industry. ICT companies developing software have started opening offices in the Gulf and North Africa,” he added.
The companies participating at GITEX this year include Automation Computer Technology (ACT), Software Design, International Gateway, Dot Lb, Terravision, DC Soft, BMB, SETS, Internet Facilities and Al Yousifi. — (menareport.com)
© 2002 Mena Report (www.menareport.com)