Wealth Management by

Region gears up for Middle East CIO Summit 2016 in Abu Dhabi

February 1, 2016 6:10 pm

Middle East is gearing up for the top CIO (chief information officer) summit set to take place in Abu Dhabi later this month.

Market research firm International Data Corporation (IDC) says the Middle East CIO Summit 2016 will set new benchmark in the ICT (information and communications technology) sector in the region.

Under the theme ‘Leading Your Organization’s Digital Transformation’, the summit will be held at Abu Dhabi’s Jumeirah Etihad Towers on February 17–18.

While speaking to reporters at a press conference to announce Middle East CIO Summit 2016, Jyoti Lalchandani, IDC’s group vice president and regional managing director for the Middle East, Africa, and Turkey, said the region will benefit from the emergence of digital transformation.

“The Middle East is increasingly being exposed to a new wave of disruptive technologies that present incredible opportunities to drive innovation and value creation across all facets of the organization,” added Lalchandani.

According to IDC’s latest figures, ICT spending in the Middle East will reach $103.6 billion in 2016 as businesses across the region are gearing up to embrace digital transformation to streamline their costs and boost their flexibility, IDC revealed that cost optimization and lack of skills expected to drive demand for security services in the region, which recorded a total spending of $101.4bn in 2015.

However, it warned that the sharp decline in oil prices and subsequent delay in investments may pose as key challenges in the region’s ICT market. The IDC also revealed that consumer sentiments were expected to be weaker in 2016 than of the previous year.

IDC has planned two separate CMO and CFO workshops on the sidelines of the event. ICT investment in the oil and gas, government, and BFSI industries will also be in focus at the summit.

The summit will also see two new sessions that will explore the growing prominence of women leaders in IT and the rise of Smart City initiatives across the region, IDC has announced.


By Mujeeb Rahman
Mujeeb Rahman is a business journalist at AMEinfo. His areas of focus include economy, markets, politics and international relations in MENA and Asia-Pacific regions. An ex-BBC digital journalist, he delves deeper into the subjects that matter most.