Saudi Arabia has become the top investor in Information and Communications Technology (ICT) with projections to spend $20 billion on ICT sector this year, according to a recent report by international research company, Global Insight. Overall, Europe, the Middle East and Africa (EMEA) is set to spend $73 billion on ICT which will reach over $95 billion in the next three years and the region is projected to overtake the US in ICT spending, Arab News quoted the report as saying. The report disclosed that businesses in the Middle East are experiencing 5 percent growth, compared to 4 percent in the US, with the Middle East and Asia-Pacific becoming the two fastest growing regions in the world.
