The World Economic Forum has recently ranked Kuwait as 62nd in its latest annual Global Information Technology Report - up 13 places. Last year, the WEF singled out Kuwait as being the only high-income economy that did not feature in the top half of the global rankings but this has now changed.
In 2012, Kuwait has made several improvements in its IT infrastructure and continues to be dedicated to digital growth. The government's dedication to IT and electronic advancement is encapsulated by its large spend on IT service sales - growing 9% year-on-year. Both software and hardware sales are expected to continuing increasing following the government's push for all sectors and industries to increase their IT technologies.
Going forward, it is believed that an increased IT infrastructure will open up more opportunities for investment and international export/import.
To read the full report please visit the Oxford Business Group Economic Update. This news story was also featured in the Arabian Gazette.
