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Jordan IT Revenue Declined 15% Last Year, Industry Group Says

June 21 (Bloomberg) -- Jordan’s information technology revenue dropped by 15 percent to $732 million last year compared with 2009 because of a cut in government spending in the industry, the Information Technology Association of Jordan said.

“In 2010, the government’s spending on information technology was about 25 million dinars ($35 million), while in 2009 and the years before it was about 150 million dinars on average annually,” Abed Shamlawi, Chief Executive Officer of the industry body, said in a phone interview in Amman today.

The kingdom’s top clients were in Saudi Arabia, with 34 percent, followed by Iraq and the United Arab Emirates with 13 percent and the U.S. with 7 percent, he said.

Foreign direct investments in the information technology industry increased by $15 million last year to $143 million compared with 2009, according to the association.

To contact the reporter on this story: Nayla Razzouk in Amman at nrazzouk2@bloomberg.net

To contact the editor responsible for this story: Riad Hamade at rhamade@bloomberg.net.

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