The Communications and Information Technology Commission estimates that the volume of spending on the ICT services in the Kingdom rose to SR83 billion in 2011 compared to SR21 billion in 2002, an average annual growth rate of about 14%. The spending on information technology is around 30% of the total, mostly concentrated on hardware and IT services, said the CITC report.

It said the spending on ICT products and services is expected to grow by more than 10% in 2012, driven mainly by expected strong growth in demand for smart phones, high-speed networks and interactive applications resulting from strong growth of investment in the sector, and implementation of government projects, all of which will lead in turn to the growth of support services in the sector.

Source: Zawya