Arab Online Ad Spending To Grow To $142 Million By 2011
According to a recent study by Madar Research, online ad spending in the Arab region is expected to grow to $142 million by the end of 2011.
Madar looked at the Arab regions of the Gulf Cooperation Council and the Levant countries bordering the eastern shores of the Mediterranean, leaving out the Arab countries in North Africa.
The company said that marketers in the GCC countries spent less than 5% of their overall ad budgets on online media in 2006 and that online ad spending there represented less than 1% of the global total.
Companies in the region generally say they can still reach their target audiences without campaigning online.
Aviation travel and hospitality accounted for almost a quarter of online ad spending in the GCC-Levant countries in 2006, at $4.68 million. Banking and finance companies in the region spent $3.28 million on online ads in 2006.
The growth rate averaged of more than 50 per cent took place over the past six years. However, by end of 2006, online ad spending in GCC-Levant raised 54.6 per cent from the previous year that cost $18.71 million. Marketers saw this development as a promising sign that will push online ad spending to break the 1 percent share in the overall advertising market in the upcoming years.
