Global digital transformation enabler, SAP, announced today at GITEX Technology Week 2017 that the Internet of Things will catalyze the Middle East’s USD 70 billion digital contribution to GDP. According to McKinsey, the UAE contribution to that figure is USD 15 billion.
Governments across the Middle East, North Africa, and Southwest Asia are increasingly driving innovative government digital transformation visions to transform lives, from the UAE and Kingdom of Saudi Arabia, to Kuwait and Egypt, and Pakistan. This is powering the Middle East and Africa’s Internet of Things spend, which is set to grow 20 percent to USD 8 billion in 2017, says IDC.