IT expenditure in KSA up 9% to reach $4.1bn in 2012 as tech investments in key sectors rise
- Saudi Arabia: Monday, February 18 - 2013 at 16:09
- PRESS RELEASE
The Kingdom of Saudi Arabia has remained one of the biggest IT markets in the region, with IT expenditure projected to have sustained a 9% year-on-year growth reaching $4.1bn in 2012.
In 2012 alone, KSA's healthcare expenditure already reached $24.35bn, achieving a 16% increase compared to the previous year. A substantial percentage of the total expenses was used to purchase specialized e-Health and related IT solutions for healthcare. Moreover, KSA allocated $1.74bn for medical devices in 2012, up 17.8% from 2011.
Mehmet Bilginsoy, Managing Director, CGM Middle East, said: "The Saudi Government has strengthened its investments in technology as part of its commitment to enhance the quality of public services being provided to its citizens. In this regard, improving the technology infrastructure of the healthcare sector is one of the Kingdom's top priorities, which in turn has helped establish KSA as one of the most lucrative markets for healthcare IT solutions".
"We are confident that CGM is strongly positioned to cater to KSA's growing demand for e-Health solutions that enable healthcare institutions across the Kingdom to vastly improve the quality of their services. We have already provided healthcare IT solutions to several prominent Saudi medical institutions, including King Fahad Medical City. Moreover, CGM has been stepping up its efforts to develop more personalized solutions that cater to the unique requirements of the Saudi market," said Thomas Reitmayr, Vice President, Business Development, CompuGroup Medical.
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