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Datacentres Europe
Datacentres Europe
Tracking global change in IT Infrastructure
  • Datacentres Europe 2014
  • Datacentres Europe 2014
  • Datacentres Europe 2014
  • Datacentres Europe 2014

News Archive

Middle East's IT spending forecast above global rate

Technology spending in the Middle East is forecast to grow at double the global average, according to EMC, the world's largest data-storage firm. Strong oil prices and international expansion by local companies are cited as factors behind above-average spending on information technology this year, the US company said.

David Goulden, the chief financial officer at EMC, forecasts that the global IT industry will grow at 3% to 4% this year. But spending in the Middle East would outpace that, he said. "We think IT spending in the Middle East will bounce back at maybe as much as twice [the 3% to 4%]." Factors behind this include strong oil prices and the lack of legacy IT systems weighing down Middle Eastern companies, said Mr Goulden.

Source: The National

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