Breaking Headline

Mideast IT Spending to Hit $46b in the Year 2002

Published June 21st, 2001 - 02:00 GMT
Al Bawaba
Al Bawaba

Spending on information technology (IT) in the Middle East is reportedly growing twice as fast as the world average. 

The consultancy Killen and Associates was quoted by ameinfo.com as saying that “regional spending on IT products and services will soar to $35 billion in 2002, more than twice the record level of $17.8 billion in the year 2000. Spending on IT related services will also rocket from $4.8 billion to $11 billion next year – Albawaba.com

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