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April-June 2021

Saudi IT spending to hit $11bn in 2021

Saudi Arabian organisations will spend $11bn on IT this year, as emerging technologies are adopted to adapt to the post-pandemic business environment. Post-pandemic challenges will fuel IT spending alongside existing strategies to diversify the local economy, where IT will play a key role in reducing reliance on oil revenues. Spending on IT services and devices will account for more than half of the IT spend, said IDC. The total spent on IT this year will be 4.2% higher than last year, and Saudi government, finance, and communications organisations will spend about $3.6bn on IT. Speaking at the virtual edition of IDC Directions Middle East, Turkey & Africa event, regional director for Saudi Arabia and Bahrain, Hamza Naqshbandi, “IDC expects that emerging technologies will continue to play a critical role in the post-pandemic digital economy as business and IT leaders in Saudi Arabia look ahead to 2021 and the new normal.” “Saudi Arabia’s vision for a smart economy relies heavily on digital transformation initiatives, an area the...

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