The combined IT services market of Qatar, Oman, Bahrain and Kuwait is expected to expand at a compound annual growth rate of 12.5 per cent over the coming years to a total of USD 1.82 billion by 2018, according to a forecast released by a global advisory services firm.
The International Data Corporation (IDC) expects this growth to be driven by government-led infrastructure projects, eGovernment initiatives, transformations in the transportation, banking and financial services sectors as governments in the region pursue diversification strategies into non-oil sectors.