According to Gartner, IT spending in the Middle East and North Africa (MENA) region is forecast to total 193.7 billion USD in 2024, an increase of 5.2% from 2023. Nonetheless, the MENA region presents abundant opportunities for IT investment, driven by the adoption of emerging technologies, digital infrastructure development, and strategic partnerships. By addressing challenges and leveraging opportunities, the MENA region can chart a course towards sustainable growth and leadership in the digital economy. “CIOs in the MENA region are expected to increase their spending on cloud services. While AI/GenAI has some influence on cloud services spending, it is not expected to have an immediate and significant impact on IT spending levels in MENA in 2024,” said Eyad Tachwali, Senior Director Advisory at Gartner.

Source: The North Africa Journal June 13, 2024 09:46 UTC