UAE's IT sector set for growth

08 December 2009

A Dubai Chamber of Commerce and Industry analysis based on a recently-released Business Monitor International report forecasts that the $3.2bn IT market in the UAE will see steady growth and become a leader in 
the region. Fundamental drivers for this market include local and federal government initiatives and development of the non-oil sectors, which include real estate and tourism. Government spending and investment will provide support to the IT market, the report said. Positive growth due to these drivers should prevent stagnation of the UAE IT market due to the downturn. Therefore, the total size of the UAE IT market is expected to grow from $3.2bn in 2009 to $4.7bn in 2013, the report added.

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