IDC on IT spending in Arab countries

Expenditure on Information Technology (IT) in the six members of the Gulf Cooperation Council is expected to grow by 10.2% in 2004 to reach $4.2 billion, market research firm IDC reported. IT expenditure in Saudi Arabia will increase from $1.88 billion in 2003 to just over $2 billion in 2004 - a 6% growth. IT expenditure in UAE will increase from $1.04 billion in 2003 to $1.15 billion in 2004 - a 10.6% growth. IT expenditure will grow by 7.6% in Oman and 12.9% in Qatar.