IT investments 'will create wealth of opportunities'

05/08/2009 - Dubai Investment News
IT investments 'will create wealth of opportunities'

Written by Neil King

Property in Dubai and other emirates is likely to develop further thanks to population growth and various initiatives.

This is according to a new report by Business Monitor International, which has predicted growth in IT spending over the next four years, AME Info reports.

Helal Saeed Almarri is chief executive officer of the Dubai World Trade Centre and is organising an ICT convention this October.

He said the UAE is seeing more and more essential services created, leading to "a wealth of opportunities" for international companies to explore.

The Business Monitor International report also forecast continued development in the education, healthcare and tourism sectors.

Progress in the Middle East's real estate industry was also discussed by a recruitment consultancy this week.

Macdonald & Company said demand for property management professionals was due to grow during 2009.

"The Middle East real estate market continues to evolve at an astonishing pace," said international director Matthew Taylor.ADNFCR-2019-ID-19298601-ADNFCR