MENA governments are anticipated to spend a total of $13.3 billion in 2022 on information technology (IT) sector, with most budgets going to telecom services ($3.9 billion), IT services ($3.13 billion), and software ($2.56 billion).
Dubai's iconic Museum of the Future and Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain and cryptocurrency infrastructure provider aims to develop and launch a range of digital products on the blockchain, starting with their first-ever NFT collection – The Most Beautiful NFTs in the Metaverse.
Adopting the UAE digital economy strategy, His Highness Sheikh Mohammed bin Rashid Al Maktoum said that the goal over the next 10 years is to increase the contribution of this sector to the GDP by 20%.
As part of its strategy to diversify its economy, Saudi Arabia has set aside $6.4 billion to invest in future technologies, according to minister of communications and information technology Eng. Abdullah Al-Swaha.
The digital government authority (DGA) launched the regulatory sandbox initiative for government technology companies.
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