Middle East to spend US$25 billion on aviation IT
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The aviation sector in the Middle East will see an investment of US$25 billion in IT infrastructure over the next five years, Gulf News reported an industry expert as saying.
While the region’s aviation industry is facing a US$200 million loss this year, according to IATA forecasts, the investment in airport projects and airline fleet expansion continues. A total of US$60 billion will be invested in regional airports, with a major share of the investments being set aside for IT infrastructure, the report said.
“The driver for the investment is cost reduction,” Gulf News quoted SITA’s Hani al Assad, Regional Vice President – Sales and Relationship Management for Middle East and Turkey, as saying. “The region’s IT infrastructure was lagging behind because of the long time-span for decision-making. The lack of privatisation was also a problem. But we are catching up now,” al Assad added.
Last year saw a 2.6% increase in IT spend compared to the year before, the report said.
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