IT spending to fall in Gulf

14 July 2009

A new report by IDC says information technology spending in the Gulf is likely to fall sharply for first time this year. IT spending in six Gulf countries is forecast at $12.18bn, a decrease of 5.83% compared to $12.94bn in 2008. Research firm IDC has slashed its growth forecast for the third time this year. In December, they revised the figures from $15.93bn to $14.95bn and now to $12.18bn.

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