IBM's Middle East bet runs through Qatar

Summary:For Big Blue, the Middle East is one of its growth markets along with the typical BRIC countries (Brazil, Russia, India and China).

IBM said that it will open up a new office in Doha, Qatar as the Middle East is starting to attract tech vendors.

For Big Blue, the Middle East is one of its growth markets along with the typical BRIC countries (Brazil, Russia, India and China).

Qatar has been moving to diversify its economy, which largely rides on oil and gas. According to the CIA Factbook, half of Qatar's GDP is attributed to oil and gas. Qatar has been working to diversify via information technology as well as financial services.

The Middle East and Africa could be poised to become IT services hotbeds. After all, costs in both India and China are rising. That reality will spur companies to look to diversify their labor and research base. IBM said in a statement that it has offices in Mauritius, Angola, Senegal and Tanzania.

Topics: IBM, Banking, Enterprise Software

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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