News
IDC Prepares To Host 16th Annual Middle East CIO Summit
This year’s event will feature in-depth discussions and presentations, as well as expert-led panel sessions on the hottest information and communications tech issues.
On the 22-23rd of February 2023, IDC will host the 16th edition of its annual Middle East CIO Summit at Dubai’s iconic Atlantis, The Palm hotel.
The digital economy has become a hot topic over the past few years. Web 3.0 and startup culture are gaining rapid traction across the MENA region, and organizations are hungry for information on how best to adapt their business models to suit the demands of modern, tech-savvy customers.
IDC‘s Middle East CIO Summit 2023 takes place under the theme “Enabling the Digital Economy’s Leaders”. It will examine the current state of the digital sector and its impact on citizens, customers, employees, and operations. Presentations and panel sessions will address critical challenges that must be resolved, and experts will outline best practices and strategies to help businesses achieve future success.
As for the event’s format, the venue will incorporate five different “Transformation Zones” showcasing pioneering technological advances in DevOps, customer experience, sustainability, Industry 4.0, and, of course, the Metaverse.
Also Read: Kuwait Aims For Digital Transformation With Google Partnership
“Today, almost every country in the region has a cohesive national vision for a digital economy that focuses on driving local economic value, employment creation, and social development by reaching the underserved. Whether it is accessing essential government services, purchasing products on digital platforms, or the shift to online learning and working, the impact of this mass transition to digital is evident everywhere,” says Jyoti Lalchandani, IDC vice president and regional MD for the Middle East, Turkey, and Africa.
IDC’s research shows that internet penetration has reached 100% across Gulf Cooperation Council countries, with over 50% of consumers regularly shopping online. Furthermore, in the UAE, digital payments (and contactless transactions) now account for 80% of all regional purchases, and the market is becoming increasingly reliant on 5g and cloud infrastructure. It seems then that 2023’s Middle East CIO Summit will be a pivotal event, helping businesses to create new customer experiences and drive innovation with their partners.
News
Microsoft Plans $10 Billion-Plus Gulf Expansion Despite Iran Conflict
Security is shaping Microsoft’s approach, from resilience work with governments to what it will say about how the money splits by country.
Microsoft is planning more than $10 billion of investment across the UAE, Saudi Arabia, Qatar and Kuwait through 2030, Vice Chair and President Brad Smith told Reuters, calling the spending schedule aggressive. The Iranian conflict that began on February 28 has not persuaded the company to scale back.
“We’re sustaining all the investments we planned to make before this conflict started, and we are in fact adding to them,” Smith said. The $10 billion-plus total does not, however, show how large those additions are.
The investment, which Smith described as part of Microsoft’s continued infrastructure expansion, is aimed at cloud and AI infrastructure and at the company’s growing regional operations. Microsoft also intends to put more than $400 million into subsea and terrestrial connectivity across the Middle East by 2030.
The spending fits the region’s own ambitions too. Gulf governments have been investing heavily in AI infrastructure as part of a push to diversify their economies beyond oil and gas and turn themselves into global technology hubs. Major cloud and AI providers have been drawn in part by the land and relatively low-cost energy on offer.
Microsoft is widening its partnerships with regional AI companies, though not on identical terms. In 2024, it invested $1.5 billion in Abu Dhabi-based G42 for a minority stake, and Smith currently sits on G42’s board. Saudi Arabia’s Humain and Qatar’s Qai are working with Microsoft on selected priority areas, but Smith said the company does not plan to make capital investments in either.
Also Read: Egypt’s Mobile Wallets Are Booming, But Cash Still Has Power
The conflict has added another strand to Microsoft’s work in the region. Since it began, Smith said, the company has supported regional partners with digital resilience assessments, and it is now working with Gulf countries through a digital resilience initiative focused on preparedness and the protection of critical data.
So far, the company has given no country-by-country breakdown of the investment, citing security among other factors. So while the headline figure is public, how Microsoft divides the spending among the four countries is not.
-
News3 weeks agoApple’s First Folding iPhone Arrives Late To A Shrinking Market
-
News2 weeks agoTrip.com Is Betting An AI Agent Will Book Your Next Vacation
-
News2 weeks agoEgypt’s Mobile Wallets Are Booming, But Cash Still Has Power
-
News2 weeks agoOKX Bets Streaming Perks Can Take Crypto Mainstream Across MENA
