Social unrest spurs ICT investment
This is according to Bobby Gupta, Mahindra Satyam VP and head, Middle East and North Africa (MENA) region, who says the company is trying to achieve 100% revenue growth from the region this fiscal.
Mahindra Satyam's revenues from MENA region stood at approximately $56 million last fiscal.
He says: “Unrest has, in a way, increased government spending on key programmes to deliver better services to citizens. In a way, it is good for all ICT companies. We are focusing upon large markets such as Saudi Arabia, Qatar and UAE.”
The Hindu says Gupta believes the decision to hold the next Fifa World Cup in Qatar had driven in an influx of major development projects, many of which add ICT components that could help attract more IT spending.
Money Control reveals that West Asian governments are spending on much-needed e-government programmes. In addition, there's a faster adoption of shared services.
Mahindra Satyam has around 80 customers in the region, of which 72 are from gulf countries.
The company it is participating at QITCOM-2011, the Middle East's biggest ICT event showcasing Qatar's booming technology industry, this week, at the Doha Exhibition Centre.
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