UAE's IT sector 'will see significant expansion'

04/03/2010 - Dubai Investment News
UAE's IT sector 'will see significant expansion'

Posted by Bob Brunskill

There will be "a significant surge" in the demand for IT professionals in the UAE over the coming years, it has been suggested.

The trade development firm Dulsco claimed that there is excellent growth potential for the IT sector in the region.

It noted that the Dubai Chamber of Commerce and Industry has said that the sector will be worth US $4.7 billion by 2013, up from US $3.2 billion in 2009.

Dulsco said the UAE government's increased focus on attracting global IT firms and its efforts to promote e-governance and provide online services had been key factors in creating new employment opportunities in the IT sector.

Satnam Grover, senior manager of contract staffing at Dulsco, said: "Expenditure on IT infrastructure has always been one of the priorities of the UAE Government and the private sector, so I believe it is time to focus on recruiting world-class IT expertise."

This week, a research note issued by investment bank Nomura International claimed the UAE will return to a double-digit budget surplus this year thanks to rising oil prices and the country's plentiful financial assets.

There’s never been a better time to invest in Dubai, say industry heavyweights heading to this month’s Cityscape Global Conference. Invest in your Future - Click here to learn more.