Smart cities market worth $1 trillion by 2016

According to a new market research report, “Smart Cities Market (2011 - 2016) - Projects, Advanced Technologies, Adoptions and Transformations - Worldwide Market Report”, published by MarketsandMarkets, the total Smart cities market is expected to reach more than $1 trillion by 2016, at a CAGR of 14.2%. Globally, there are some 700 cities, each with population exceeding 500,000 and are growing faster than the average growth rate of cities. This opens up the market for industry players to grow their business in new and emerging smart cities. The infrastructure investment for these cities is forecasted to be $30 trillion to $40 trillion, cumulatively, over the next 20 years.  With growing emphasis on reducing carbon emission and...

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Posted in: smart city

RIM plans to open its first Middle East retail store in Dubai

The BlackBerry phone maker moves forward with a big international push with plans to open retail shops in the Middle East, Southeast Asia, and possibly Africa.  With slumping sales in the West, Research In Motion has plans to go to the East. The BlackBerry maker is in the process of opening retail stores throughout the Middle East starting in Dubai, according to Bloomberg. "We're getting the first one up and running and then we'll be looking at other cities across the Middle East -- Saudi Arabia, Kuwait, Qatar," Sandeep Saihgal, the managing director of RIM's Middle East business, told Bloomberg in an interview earlier this week. The Dubai store in the United Arab Emirates will be the flagship shop and Bloomberg reports...

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Posted in: ICT