Market research indicates that over the past five years Lebanon has achieved a phenomenal growth rate of between 10 to 20 per cent in the software development sector. It is currently estimated that Lebanese exports in the software field amount to $50 million.
In an effort to highlight this upward trend, Lebanon’s IT industry will be well represented at GITEX Dubai 2002 with a group of leading Information, Communication and Technology (ICT) companies, showcasing their software expertise under the umbrella of the Lebanese Pavilion, which is organized by the PCA.
The Lebanese Pavilion will also be hosting a delegation from the Investment and Development Authority of Lebanon and the Lebanese Business Council, which is expected to provide a major boost to their participation. Both bodies are expected to announce major export initiatives at the region’s largest IT event.
“There has been a major increase in Lebanese software exports to the Gulf, which serves as our largest customer base, due to geographical proximity and competitive pricing,” said Michel Nseir, Head of the Lebanese Pavilion, at Gitex Dubai 2002. “This will be our fifth consecutive year at GITEX, as it has proved to be the most significant platform for us to display our software capabilities. By participating at the leading IT exhibition, we hope to attract high end users from big corporations in the region as well as sign up with dealers looking for new and innovative products to launch in the region.”
“Lebanese companies have acquired high levels of expertise in recent times. We have witnessed two major developments in the Lebanese software industry. ICT companies developing software have started opening offices in the Gulf and North Africa,” he added.
The companies participating at GITEX this year include Automation Computer Technology (ACT), Software Design, International Gateway, Dot Lb, Terravision, DC Soft, BMB, SETS, Internet Facilities and Al Yousifi.
“These companies are keen to utilize GITEX Dubai 2002 as a platform to forge stronger links with the UAE and other Gulf countries in the field of ICT, by networking with high-end users from big regional corporations and signing up deals for launching new products and solutions in the region. The UAE, which has emerged as the IT capital of the region, is indeed a major priority for Lebanese ICT companies,” Nseir added.
“The difficult economic situation in Lebanon has made it necessary to drastically increase exports to all markets. We will leverage the event to emphasize to the Lebanese government and the Ministry of Finance the need to render assistance to ICT companies in the form of export incentives and investment incentives to sharpen our competitive edge and further improve the economy,” Nseir said.
Nseir said the participating ICT companies would also be exploring opportunities for UAE investment in Lebanon’s ICT sector. “Of late, many companies based in the UAE have opened offices in Lebanon and we expect it to become a trend in the coming years, in view of the rapid strides undertaken by the Lebanese IT sector.”
The participating Lebanese ICT companies will use GITEX 2002 to display their world-class applications and programmes as well as highlight their competitive pricing, estimated to be 3 to 5 times lower than the European counterparts.
Monday, August 26- 2002 @ 12:07 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.