Lebanese technology market with great potential still

A weekly report, by Bank Awdah, indicated a growth of 11.8 percent in the technology market bringing value from USD 287 million in 2010 to a current USD 321 million, and forecast particular interest in investing into info-technology infrastructure in the near future. The report said the growth shows political stability and further growth would require further confidence in the state's state of affairs. The forecast for the next five years was for investments worth USD 500 million, which would yield growth in the market for years to come. Main growth is generated in view of and in relation to EU and UN and other international bodies' programs. "The market is still unsaturated the percentage of ownership of computers is only just 15 percent at present," the report pointed out.