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Market Analysis of GCC IT Industry

Updated on July 6, 2011

IT World

IT Industry in GCC


Market Analysis of GCC IT Industry

  • The idea of choosing the best companies in GCC is to make a perfect combination and to take advantage of the active IT business environment in these regions
  • IT industry in UAE, Kuwait, Lebanon, KSA and Oman is booming and it is the right time for KGL Investment to be an active participant in the market

Countries of Focus

Kuwait IT Sector SWOT

Kuwait Software Industry

  • Total spending on Software in 2005 was US$88mn and previous year US$70mn
  • One of the mature market in the region
  • Software enjoys a higher share of Kuwait IT spending than in many other countries
  • Recent boost in oil wealth encouraging banks to support a new wave of infrastructure investment
  • Expecting the total size of the Kuwaiti IT market to increase from US$338mn in 2005 to around US$830mn in 2010
  • IT services market is expected to be worth around US$118mn in 2006
  • Market CAGR is forecast at 21% for 2005 - 2010

UAE IT Sector SWOT

UAE Software Industry

  • Estimated UAE software spending will boom from US$236mn in 2005 to US$471mn in 2010
  • Central geographic areas for the software industry are Dubai, Abu Dhabi, and Sharjah
  • UAE market will have a CAGR of 15% in 2005-2010

Lebanon IT Sector SWOT

Lebanon Software Industry

  • Predicted software value of US$37mn in 2006, and a 2005-2010 CAGR of 11%
  • Lebanon Market is expected to grow significantly with the Implementation of large government and projects
  • The domestic software industry is highly export focused, with 1/3 of firms, according to a recent survey, getting 75% of all receipts from regional and Western markets
  • Leading Lebanese software companies tend to have a focus on banking, retail, education and trade

Saudi Arabia IT Sector SWOT

KSA Software Industry

  • Predicted software market value of US$460mn in 2006, up from US$441mn in 2005
  • The domestic software market is therefore expected to grow significantly, driven by an increased focus by Saudi enterprises on more sophisticated solutions that still offer value for money.
  • The CAGR for software revenues is expected to be in the region of 11%
  • Saudi IT services market is expected to reach US$1bn in 2006, up from US$719mn in 2005
  • Support and maintenance accounted for more than 1/3 (US$252mn) of the 2005 figure
  • Growth is expected to be at a CAGR of 12% for the 2005-2010 period

Overview of IT Spending

Path solutions Kuwait

  • Kuwaiti Private company established in 1992
  • Strong set-up of Islamic commercial & investment banking software and products solutions
  • Dealing with one of the largest Islamic banks in the country and outside the country
  • Ranked the world’s number one dedicated Islamic banking system vendor for 2005 in the influential international banking systems annual sales league table.

Short profile

Zajil Telecom

• Kuwaiti private company, established in 1991

• Employees 110

• Strong set-up of Local and International data communication infrastructure

• Providing Networking, internet services and mobile services

• Strong cliental profile

Emirates Technology Company

  • Established in 1974 with the total employees of 250
  • Strong network of branches in UAE
  • Wide range of software solutions to the IT industry
  • Strong Banking cliental portfolio in the country
  • The company is using a world leading core banking software (Flexcube).

BML Istisharat Lebanon

  • BML has a strong presence in IT and telecom industry in the country and worldwide
  • The company has more 300 clients worldwide including fortune of 500 companies
  • BML has strong cliental portfolio with one of the leading banking, investment and financial institutions

Comium Group Lebanon

• Lebanon base Joint stock privately owns company

• Established in 1992

• 600 Staff

• One of the major player in the country in telecom services

• Strong network of branches including Europe and America

• BML has strong cliental portfolio in the country and outside the country

National Technology Group KSA

  • Established 1984 and the total number of employees are 500
  • NTG has a strong presence in the market for a long time
  • The company is enjoying a strong business relationship with a leading Saudi Arabia banking and other companies
  • NTG have more than 10 subsidiaries in the Kingdom
  • NTG is the leading IT services provider in the kingdom

Industrial Management Technology and Contracting Company

  • Established in 1984 and total number of employees are 200
  • Industrial management technology and contracting company is mature IT Company in Omani market
  • The company has a strong cliental profile with outstanding IT solutions
  • The company is specialized for Banking, transportation and financial software solutions.

Why These Companies

  • Consumer oriented companies
  • Corporate governance of these companies would be easy to change
  • Strong presence in the market for a very long time
  • Mature in IT industry
  • Strong cliental portfolio private and government
  • Comprehensive range of software and products
  • Specialized in commercial, investment and Islamic banking software
  • Knowhow of the market and good reputation
  • Lead by high Professional teams

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