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FINANCIAL NEWS
Middle East ICT spending hits USD 212.9bn in 2016
02 Mar 2016
(MENAFN) Information and Communications tech (ICT) spending in the Middle East is projected to reach USD 212.9bn this year, recording increase of 3.7 percent.
Moreover, the industry is being driven by digital business and an environment driven by a connected world, and there will be a positive growth in the area.
The large industrial refocuses on producing new economic development beyond the oil industry, with smart cities initiatives and the adoption of IOT.
Additionally, tablets and PC sales are predicted to reach almost USD 8bn in 2016, and exceed USD 10bn in 2018, while mobile phone sales will grow at USD 30bn.
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