Gitex to highlight 1.6trn smart city opportunity

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The impact of the Internet of Things on Smart Cities could reach 1.6 trillion by 2025, according to experts set to speak at the Gitex Technology Week, the region's largest annual IT trade fair, in Dubai, UAE. The opportunities include 800 billion in transportation and 700 billion in healthcare, they added, citing a recent report by the research firm McKinsey Global Institute. The 36th edition of Gitex Technology Week runs from October 16 to 20 at Dubai World Trade Centre. Since its launch in 2014, with a mandate to make Dubai the happiest city on earth, enabled by smart technology, Smart Dubai has completed the first phase of its city transformation. Other significant milestones in the past year include: completing phase one as the first pilot city for the United Nations' International Telecommunications Union global Smart City index, and announcing the Smart Dubai Platform, the "digital backbone" of the city.