Despite the economic pressures of the past few years and the disruption of the pandemic, there is so much going on in tech in the Middle East at the moment. So, there was no shortage of material for Damian Radcliffe’s annual Middle East technology predictions story in ZDnet, which quoted me and others from the region’s tech ecosystem on a wide variety of trends including 5G, emerging technologies, government investment, startups, smart cities, open data and cybersecurity.
Prior to the pandemic IDC forecast that investments in digital transformation and innovation will account for 30 percent of all IT spending in the Middle East, Turkey, and Africa (META) by 2024, up from 18 percent in 2018. Meanwhile, it has predicted that government enterprise IT spending in META will top $8 billion in 2021.
During the past 12-18 months we have seen significant activity in several key areas of government spending, including digital transformation, creating Government Clouds, introducing open data policies and platforms, digital services and robotics. Then there was the Saudi Data and Artificial Intelligence Authority (SDAIA) announcement of the Kingdom’s National Strategy for Data & AI (NSDAI) in October, revealing plans to raise $20 billion in investment for data and AI initiatives.
My expectation is that some of the government digital platforms and initiatives that have been created over the past 18 months will support the launch of a variety of new initiatives, local and foreign investment, public-private sector partnerships and opportunities for startups during 2021.
You can read Damian’s full article on what 2021 means for tech in the Middle East here.