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Eye of Riyadh
Business & Money | Monday 8 April, 2024 10:10 pm |
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International Business Hub Kicks Off at GITEX Africa in May, Organized by BTECH

The Bahrain Technology Companies Society (BTECH) is set to organize the

International Business Hub at the second edition of GITEX Africa, slated to unfold

from May 29 to 31 in Marrakech, Morocco.

This global exhibition serves as a platform for technology firms to showcase their

products and solution to an international audience, fostering idea exchange and

highlighting market trends within the tech sector while keeping abreast of the latest

innovations. Notably, the event introduces three new sectors—digital health, smart

manufacturing, and agri-tech—aimed at propelling technological advancements

across the African continent.

The International Business Hub serves as a premier meeting point and

entrepreneurial community, hosting dynamic events that encourage dialogue and

creativity. It brings together entrepreneurs, experts from leading technology

institutions, and fosters entrepreneurial opportunities for SMEs looking to thrive in

the technology industry and embrace digital transformation.

This hub presents prime opportunities for exhibitors to engage, drive sales and

investments, foster bilateral trade, and forge connections with a global audience.

With over 50,000 visitors from 80 countries, interactions with 900+ large

companies and startups, and engagement with more than 275 leading investors

from over 34 countries, participants can anticipate fruitful partnerships and ample

networking prospects.

Mr. Tareq Fakhroo, Chairman of BTECH, commented: "The swift and remarkable

growth of Africa’s tech sector has transformed the continent into a burgeoning hub

for information and communication technology investments. This potential has

spurred us to organize the International Business Hub and empower companies to

explore business opportunities in the African market and engage in fruitful

collaborations. Africa has emerged as a promising investment market in the field of

information and communication technology.”

Mr. Fakhroo added: "The significance of the exhibition is amplified by Africa’s

emergence as a pivotal player in the global tech market, coupled with its unique

 

demographic composition. Home to 17.8% of the global population and a youthful

demographic that constitutes 65% of its own populace, Africa presents

unparalleled opportunities for ICT sector. Africa’s potential is driving an

unprecedented surge in digital transformation and its adoption across the

continent."

Mr. Fakhroo pointed out that GITEX Africa stands as the largest technology and

startup exhibition on the continent. He emphasized that Africa presents a vast array

of economic opportunities across various sectors. Digitization is rapidly advancing

throughout the continent, driving a surge in demand for investment in information

technology and applications. Analysts project that the African technology market

could soar to nearly $715 billion by 2050.

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