The Saudi IT market is estimated to reach $3.8 billion by 2010 thanks to recent developments pointing to the modernisation of the market, according to recent studies.

The kingdom has made dedicated efforts to enhance its current ICT infrastructure and sizeable investments have gone into the development of eServices, eEducation and smart cities.
According to the IDC report, the six Gulf countries of Saudi Arabia, UAE, Kuwait, Qatar, Bahrain and Oman will account for nearly 23 per cent of the total Middle East and Africa’s projected 2008 IT spending of more than Dh146.8 billion ($39.9 billion) in 2008.
The report further pointed to the potency of the Gulf information technology market, which is expected to exceed Dh44 billion by 2011, representing a growth of almost 12 per cent. Saudi Arabia is the largest market in the region, comprising 43 per cent of the overall IT spending.
One of the companies cashing in on the growth is Mindware, which has decided to launch its new office and establish stronger operations in the kingdom to address the booming demand from its government, as well as its largest industrial and business sectors.
 The office, to be set up in Olaya Street, opposite Kingdom Tower in Riyadh, will serve as a domestic hub for its Saudi operations. It is expected to usher in further growth in Mindware’s business in the kingdom.