CAGR of 12%, Placing Egypt in Top-Tier of Global IT Growth Markets;
GITEX TECHNOLOGY WEEK Provides Platform for Expansive Growth Throughout Region
Cairo, Egypt: IT spending in Egypt is set to reach US$ 2.1 billion by 2014, making it one of the fastest growing IT economies in the world.
The latest research from Business Monitor International for the first quarter of 2010 states that Egypt's IT spending will grow from US$ 1.3 billion at a compound annual growth rate (CAGR) of 12 percent due to the economic recovery, higher incomes and new hardware and software upgrade cycles.
Egypt has one of the most established and developed IT infrastructures in the Middle East and North Africa and is a lucrative sector for international companies looking to expand their presence in the region.
Information Technology Industry Development Agency, (ITIDA) will lead the Egyptian participation at this year's GITEX TECHNOLOGY WEEK, the region's most influential and high-profile ICT event, as companies look to build on the strong relationships between Egypt and the world's leading companies in the ICT field. The event takes place at the Dubai International Convention and Exhibition Centre (DICEC) from 17 - 21 October 2010.
Dubai World Trade Centre has a long standing relationship with ITIDA, as the official pavilion from Egypt with the support of the Egyptian government, to attract a high number of participants and trade visitors from Egypt, to reinforce the country's position as one of the region's fastest growing ICT markets.
"ITIDA plays a pivotal role in promoting the growth of Egypt's ICT market and attracting more international companies to set up operations in our country," said Dr. Hazem Y. Abdelazim, Chief Executive Officer for ITIDA. "GITEX TECHNOLOGY WEEK is the leading ICT exhibition in the region, and one of the best in the world. It is critically important that we work closely with the show organisers to bring the great news from Egyptian companies to the many thousands of international visitors."
Celebrating its 30th anniversary this year, GITEX TECHNOLOGY WEEK will be one of the most significant events of the year in the industry and will help to provide Egyptian exhibitors a dedicated platform to highlight the latest technological advancements.
"Relations between Egypt and the UAE are stronger than ever with more than one billion U.S. dollars worth of trade exchanged each year. With continued growth expected in the Egyptian IT sector in the coming four years GITEX TECHNOLOGY WEEK is going to provide the ideal platform for companies hoping to capitalise on this impressive growth," said Helal Saeed Almarri, CEO, Dubai World Trade Centre, organiser of GITEX TECHNOLOGY WEEK.
"We look forward to a strong Egyptian presence at GITEX TECHNOLOGY WEEK to celebrate our 30th anniversary show."
Egyptian companies will be participating in every sector within GITEX TECHNOLOGY WEEK with key suppliers and market innovators bringing new technological developments to the global ICT community.
GITEX TECHNOLOGY WEEK has an established reputation for delivering outstanding return on investment for companies, both looking to market their new products to the Middle East and North Africa, whilst also generating new business for companies within the GCC.
More than 3,500 companies will again participate in the landmark event, with more than 133,000 ICT professionals visiting the exhibition from 134 countries during the five days.
GITEX TECHNOLOGY WEEK is presented in four key disciplines: GITEX Business Solutions, GULFCOMMS, Consumer Electronics and the GITEX Global Conferences, including the GITEX Telecoms Executive Summit and the GITEX Cloud Confex.
Another new area which will prove extremely popular at this year's event is GITEX Mobile Apps World. With a combination of device manufacturers, operating software (O.S.) platforms, apps stores and developers, as well as interactive features, this sector will be the place to learn, download and interact with the Middle East's premier and only Mobile Apps platform.
GITEX TECHNOLOGY WEEK runs from 17 - 21 October 2010, at Dubai International Convention and Exhibition Centre, UAE. To register or for more information please visit www.gitex.com.
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About GITEX TECHNOLOGY WEEK
Website: www.gitex.com
Now in its 30th year, GITEX TECHNOLOGY WEEK 2010 delivers the ultimate platform for the international ICT industry to meet and conduct business. The event is a definitive gateway not just to the Middle East market but to the wider region.
GITEX TECHNOLOGY WEEK hosts thousands of key suppliers and market innovators across four core disciplines:
GITEX Business Solutions: The leading international ICT trade event for enterprise solutions and SMBs for the MENASA region
GULFCOMMS: The largest international telecommunications trade event for mobile, fixed IP and satellite
Consumer Electronics: The MENASA region's premier international trade event for consumer electronics, entertainment, IT systems, components and peripherals
GITEX Global Conferences: The region's largest dedicated knowledge exchange forum
GITEX TECHNOLOGY WEEK Global Conferences - This key networking platform brings together the crème de la crème of industry experts and ICT professionals under one roof and will feature an unparalleled series of strategic keynotes, seminars and dynamic networking sessions. The event gives delegates a priceless opportunity to learn from, debate with and exchange views with some of the leading experts within the ICT industry.
In 2010 the GITEX Global Conferences focuses on' include: Inspiring Innovation and Collaboration' and includes the following:
- GITEX Global Leaders Summit
- GITEX Telecoms Executive Summit
- GITEX Cloud Confex
New GITEX Telecoms Executive Summit - 'Driving the future of the telecoms industry'
As the MENA telecoms industry continues to experience unprecedented growth, GITEX presents a new, focused Telecoms Executive Summit. Thought leaders and analysts will discuss the latest hot topics and challenges for the industry including regional harmonisation, infrastructure rationalisation and transparency though a high level keynote address and a series of seminars and panel sessions.
New GITEX Cloud Confex - 'Shaping the future of cloud computing in the Middle East'
Introducing a exhibition and conference for cloud computing specialists to showcase their newest services and innovations, compare and research new ideas, garner new partnerships and knowledge share. The event will also discuss the pros and cons of this new IT strategy including dynamic infrastructure, flexibility, cost reductions and increased reliability within a two day dedicated conference.
GITEX Majlis
This executive business programme for CEOs and other top level executive attendees, is designed to ensure that they enjoy a fast-track experience at the show. Keeping their busy schedules in mind, members can enjoy easy pre-completed registration, advance issuance and delivery of the GITEX Majlis Badge and Executive Lounge facilities. These are just a few of the benefits offered to GITEX Majlis members. For more information, please visit www.gitex.com
About Dubai World Trade Centre (DWTC)
Website: www.dwtc.com
As the organiser of GITEX TECHNOLOGY WEEK, Dubai World Trade Centre offers more than 31 years' experience of delivering world-class events in the Middle East, providing local, regional and international exhibitors with unmatched expertise and in-depth market knowledge.
Our team organises 18 of the largest and most successful international and regional shows in Middle East, providing an ideal platform for business development in the region. Our commitment to ongoing innovation within the exhibition industry has supported the rapid growth and development of a wide range of business-to-business and business-to-consumer shows, and delivered consistent satisfaction to exhibitors and visitors.
DWTC works the region's leading trade bodies and industry associations to ensure that all conferences deliver full value and are built upon the real needs of their specific sector.
For more information, please contact:
Jehad Kamal
Dubai World Trade Centre
Tel: (+9714) 308 6087
E-mail: Jehad.Kamal@dwtc.com
© Press Release 2010
