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Information and Communication Technology spends in the GCC region is expected to grow. Investment in technology parks, rising FDI, growing e-commerce will be major driven factors for IT spending in the GCC region. CAGR forecast highlights that ICT spending is rising in Saudi Arabia, UAE, Qatar, etc.
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Compiled by: Vibin Theril
Information & CommunicationTechnology Spends in GCC
Investments in technology parks, rising FDI, growing e-commerce are likely to drive ICT spend amongst the three largest markets in GCC
ICT SPENDING GROWTH FORECAST (USD BN)
Significant investments in e-commerce related platforms, incubation centers & smart cities
Growing gadget tech savvy youth population coupled with entry of foreign players in the GCC region, will speed up mobile and broadband penetration
Federal eGovernment Plan 2012-2014 to implement 36 initiatives in a span of 2 years to improve eServices and eReadiness
Increasing investments in technology parks across the emirate & incubation centers would foster IT growth
Expected increase in adoption of ICT services across educational institutions
An ambitious five year plan with government planning to invest US$1.7bn over next 4-5 years for upgrading telecom infrastructure
24.8
33.3
2012 2015
SAUDI ARABIA
UAE
QATAR
CAGR10.3%
Source: Commercial Bank of Qatar, Zawya, Desk Research, Aranca Analysis
Source: Commercial Bank of Qatar, Zawya, Desk Research, Aranca Analysis
Source: Commercial Bank of Qatar, Zawya, Desk Research, Aranca Analysis
15.3
23.8
2012 2015
CAGR15.9%
3.14.4
2012 2015
CAGR12.0%
