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ICT spending to reach $9bn by 2024
22 Feb 2021 - 8:11
The Peninsula
Doha: Qatar offers FinTechs worldwide substantial opportunities domestically as an unsaturated market with ICT spending expected to reach $9bn by 2024.
Qatar is accelerating the development of its FinTech ecosystem and is making significant strides in this regard, according to the Qatar Fintech Report 2021 released yesterday by the Qatar Financial Centre and Refinitiv. Investors have poured $30.4bn into FinTechs globally in the first nine months of 2020, noted the report.
Although with the MENA region accounted for less than 1 percent of global investments in 2019, the figures suggest the region is becoming increasingly attractive for investors.