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Bahrain’s ICT market forecasted to hit $180bn by the end of 2012

Bahrain: Thursday, December 13 - 2012 @ 14:53

In addition, the demand for more fully efficient and reliable IT solutions is also being driven by massive eGovernment and eCommerce initiatives, which are all aimed towards achieving more economic diversification.

In line with this, First Information Security (FIS), a company dedicated to offering a comprehensive range of security products and services that are in compliance with the latest international industry standard requirements, highlighted its move to strenghten its market leadership during its participation at this year’s edition of ‘Meet ICT Bahrain 2012,’ an annual platform bringing together key industry players to discuss regional strategy towards a sustainable ICT development in the region, which was held from December 10, 2012 to December 12, 2012 at the Bahrain International Exhibition and Convention Centre.

This event was held under the theme, ‘Leading business growth through ICT advancement’ and featured over 34 speakers coming from different international and regional organizations.

Leading online security expert and FIS VP for Advanced Infosec, Jorge Sebastiao, gave a talk on today’s cyber security challenges and threats and also lectured on how to use ‘Time Based Security’ for cloud computing.

FIS also conducted a special one-day workshop focusing on the significance of mobile security across today’s businesses. ‘Meet ICT Bahrain 2012’ also included a three-day exhibition showcasing products and services of more than 50 exhibitors; three parallel ICT workshops and special business matching sessions.

“Over the last few years, Bahrain has strategically positioned itself as a leading ICT market for the Middle East region, which has been reinforced with the presence of the most liberal and advanced ICT infrastructure and policies,” said Sebastiao.

“In fact, Bahrain has always been regarded as the region’s technological pioneer, which is ably reflected in its posting of the highest mobile and internet penetration rates for the Middle East. Seeing the industry’s continued growth and potential, we would like to position ourselves as a major player in this segment by leveraging our diverse portfolio of services and products across the country’s various industry verticals. Our aim is to not only reinforce our market leadership but to also position ourselves as a preferred brand when it comes to information and online security.”

ICT analysts have identified the Middle East with the highest potential growth in the global ICT market. Bahrain, in particular, offers low entrance costs with its underdeveloped market rich with opportunity.

The country is the first country in the GCC to have ratified a Free Trade Agreement with the US, which facilitates the exchange of technology expertise. This has led global ICT enterprises to set their sights on Bahrain—exploring the long term possibilities in outsourcing particularly across niche areas in software development.

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Thursday, December 13- 2012 @ 14:53 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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