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Gulf IT outlook improves
- United Arab Emirates: Sunday, October 14 - 2007 at 09:54
Market research firm IDC says the outlook for the Gulf IT industry is improved following increased sector-wide buying behaviour, reported Gulf News. IDC now believes IT spending will rise by 14 to 15% each year for the next three years, or three to four times the annual GDP rate in the Gulf. The previous quarterly outlook was a compound annual growth rate of 10 to 12% for GCC countries.
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Jeff Florian, Senior ReporterSunday, October 14 - 2007 at 09:54 UAE local time (GMT+4)
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