Climate finance must be fairer for emerging economies: Finance Minister    Al-Sisi orders expansion of oil, gas and mining exploration, new investor incentives    Cairo intensifies regional diplomacy to secure support for US Gaza resolution at UN    Egypt unveils National Digital Health Strategy 2025–2029 to drive systemwide transformation    Minapharm, Bayer sign strategic agreement to localize pharmaceutical manufacturing in Egypt    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    ADCB launches ClimaTech Accelerator 2025    Egypt's FRA approves first digital platform for real estate fund investments    Egypt signs 15-year deal with Deutsche Bahn-El Sewedy consortium to run high-speed rail network    Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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Middle East IT spending to lead world
Published in Bikya Masr on 28 - 01 - 2010

CAIRO: Severe budget cuts in the IT sector in 2009 are over, as experts at the CIO Summit in Dubai said they are looking at 2010 to bring stability and increases in the global spending levels on IT. Analyst group IDC said at the summit that it is expecting a massive push in the Middle East in IT growth, although worldwide they say it will only rise some 3.2 percent.
IDC said it is expecting Middle Eastern nations to see a growth of around 12-13 percent in the IT sector in 2010.
Within the Middle East, Saudi Arabia and Qatar are expected to be the main areas of this growth, due to their IT sectors being less developed than countries such as the UAE prior to the global economic crisis, and according to IDC, “therefore still need to complete infrastructure build-up phases.”
However, while the Middle East is likely to see good growth levels, this is only expected to bring IT budgets back to levels similar to those last seen in 2008, and globally, IDC does not expect to see “real recovery” until 2011 at the earliest.
“The market last year tanked about 15% in terms of IT spending, and this year we expect to see about 12%-13% growth in the UAE, which means that in terms of IT spend we are still at a lower level than what was recorded in 2008,” said Jyoti Lalchandani, VP & Regional MD META, IDC, focusing on the UAE.
Although companies across the globe are beginning to embrace cloud products and services, doubts continue in the Middle East, particularly around the public cloud. Private cloud initiatives are expected to take off, especially as more companies move to offer increased products and services for this sector.
“The Middle East are sceptics on public cloud. I sense that there is some concern, some scepticism…CIOs in this region have been focused on getting to a more efficient, more dynamic data centre and the private cloud is really a way to accelerate that transformation, and it really doesn't carry those same risks that CIOs perceive in a public cloud,” Frank Gens, Senior Vice President & Chief Analyst, IDC, told AMEinfo.com.
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