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Saudi Arabia Information Technology Q2 2018

Saudi Arabia Information Technology Q2 2018

BMI View:

The Saudi Arabian IT market outlook for the next five years is robust and our bullish view is based on a number of driversincluding an oil price rally, high foreign and domestic investor sentiment and the bold modernisation initiatives related to thelandmark Vision 2030. The government has established various multibillion dollar funds to support infrastructure investment and toreorient the economy away from hydrocarbons in a bid to secure a long-term economic future for the country. Out to 2022 andbeyond, we see strong demand for enterprise hardware, software and services driven by a process of social and economicdigitisaiton as the region’s largest country embarks on a bold new agenda.

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