Saudis control 40 percent of regional IT sales
A recently published International Data Corporation (IDC) report estimates that computer sales in Saudi Arabia for the year 2001 will reach 248,181 units. This figure will expectedly reflect a 13 percent sales rise, as compared with the 223,188 units sold in 2000. In 1999, 197,563 computers were sold in the Kingdom, according to Al-Bayan daily.
Saudi Arabia accounts for over 40 percent of the overall regional Information Technology (IT) spending, with IT revenues annually amounting to over $800 million. The fastest growing segments of the sector lie in the sale of applications software, communications hardware, Point of Sale (POS) equipment and mobile computing.
Internet technologies are in large demand in the country, following the opening of direct access to the Internet, which continues to boost growth for providers of computer hardware, software and consultancy services.
The IT sector will experience further growth in the future, as over 5,000 retail stores are expected to replace their standard non-electronic equipment with optical scanners and magnetic card readers. As a result, sales of such equipment are currently expanding by an average of 25 percent annually.
Also adding to the expansion of the local computer industry is the growing role technology plays in the Saudi educational sector. An increasing number of Saudi educational facilities are now linked to the Internet. The education sector presently receives the second largest share of government expenditures. ― (MENA Report)
© 2001 Mena Report (www.menareport.com)