Iraq to Invest Over $6 Billion On IT Infrastructure

Iraq to Invest Over $6 Billion On IT Infrastructure

Iraq is set to spend close to $6.4 billion annually on information and communication technology (ICT) by 2008, according to a moderate growth-rate scenario of the Iraqi economy.

The projection is part of a comprehensive study on current ICT profile and future development of Iraq’s ‘knowledge economy,’ which in 2008 will witness up to triple-digit growth in some areas, such as mobile-phone and Internet use, compared to 2002.

According to Madar Research Group, Iraq is expected spend around eight percent of its gross national product (GDP) on ICT-related development projects annually between 2003 and 2008. – (World IT Report.com)

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