UAE IT spending to reach $804 million

Published June 24th, 2001 - 02:00 GMT

Recently published statistics by the International Data Corporation (IDC) estimate the total spending on information technology (IT) in the United Arab Emirates (UAE) will reach 2.95 billion Emirati dirhams ($804 million) by the end of 2001, compared with $654 million in 2000.  

 

The figures reflect a 23 percent growth on IT spending over the past year. Future spending on IT in the Emirates is expected to rise up to $990 million by 2002-end, according to Al-Bayan daily.  

 

It was further projected that computers sales in the UAE will reach 207,850 units by the end of 2001, compared with the 158,052 units sold in 2000 and the 120,480 units of 1999. These figures translate into a 31 percent increase in computer sales.  

 

Information technology spending in the entire Middle East region will predictably reach $3.8 billion by the end of 2001, compared with $3.2 billion in 2000. IDC anticipates this figure to climb a further 21 percent by the end of year 2002, bringing IT expenditures in the Middle East to $4.6 billion. ― (MENA Report)

© 2001 Mena Report (www.menareport.com)


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