A growing number of Canadian information technology companies are showing interest in the Gulf Information Technology Exhibition (GITEX 2001), which will be held in the Dubai International Conventions Center during October 14-18, reports Al-Bayan daily.
According to these Canadian firms, an appearance in GITEX would enable them to significantly expand their influence in the Arabian Gulf states, as well as learn more about the region’s information technology (IT) markets.
Market specialists expect the demand for international IT in the Middle East to double from $17.8 billion last year to $35 billion in 2002. The same sources anticipate the local demand for computer programs and computer services to grow from $4.8 billion in the current year to $11 billion by the end of next year.
Canada is presently considered one of the world’s major IT and international telecommunication exporters, with the Middle East absorbing 2.7 percent of these exports. In 2000, the Canadian IT and international telecommunication exports totaled 39.4 billion Canadian dollars (US $25.8 billion), a 9.6 percent rise compared with the previous year. –(MENA Report)
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