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UAE seen to spend $40bn on ICT by 2015: study

United Arab Emirates: Tuesday, September 24 - 2013 @ 00:00

Kuwait Financial Centre (Markaz) has said the UAE is the second largest ICT market in the GCC region after Saudi Arabia in terms of capital and volume of spending, Arab News has reported. Between 2003 and 2010, the UAE’s ICT spending has grown at a CAGR of almost 19% to $12bn, with ICT spending for the period 2013-2015 expected to reach some $40bn, Markaz said in the report.

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Tuesday, September 24- 2013 @ 0:00 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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