UAE to invest $3.3bn in comms

11/03/2009 - Dubai Property News
UAE to invest $3.3bn in comms

The UAE is set to invest some $3.3 billion (AED12.1 billion) in new communications hardware and infrastructure, Proleads predicts.

According to the company, the emirates is set to outstrip other Gulf Cooperation Council countries in IT investment, with the total spend for the council estimated at $4.5 billion.

Investment will be made to improve IT systems for commercial property in Dubai and other emirates, in addition to increasing functionality and connections of mixed use developments and residential property for sale in the UAE.

"As the Proleads data shows, residential and mixed developments are taking up broadband services aggressively," commented Ed Malkoun, group exhibition director of IIR Middle East, organisers of the upcoming trade show Mecom 2009.

The expo will take place on May 25th to 27th and is expected to build on the successes of the previous year, when some 5,640 business-to-business visitors from 49 countries headed to Abu Dhabi for the trade show.

At this year's event, the chief executives of the region's major telecoms players will come together for a roundtable discussion exploring the exciting growth opportunities in the industry.ADNFCR-2019-ID-19068997-ADNFCR