Tech Mahindra in Saudi JV, to provide connected solutions

Tags: Tech Mahindra, IT
Midad Holding, a subsidiary of Al Fozan, a leading group with diversified business interests in Saudi Arabia, has signed a joint venture (JV) agreement with Tech Mahindra, a specialist provider of connected solutions, the company has said.

The JV, to be called Tech Mahindra Arabia, will be headquartered in Al Khobar.

Tech Mahindra Arabia will also have presence across other major cities in Saudi and will be functional post the regulatory approvals.

The regional strength of Midad Holding and the global connectivity of Tech Mahindra will combine together in creating a synergic value proposition for customers in Saudi Arabia.

CP Gurnani, Managing Director and CEO, Tech Mahindra Limited said that Saudi Arabia has been a focus market for Tech Mahindra and they are "excited" about the economic growth potential the region has.

"This joint venture will establish the company as a leading player in providing IT and ITeS solutions", he said.

Additionally it will also provide an exciting career opportunity for the talented men and women in Saudi region," Gurnani added.

"Part of Midad Holding's model is to partner with global leaders providing game changing solutions that add value and address the challenges facing Saudi Customers.

"The purpose of the joint venture is to leverage Tech Mahindra's global expertise in Information technology while maximising local content," Mohammed Al Baadi, Managing Director & CEO, Midad Holding, said.

G B Kumar, Vice President and Geo Head, Middle East and North Africa, Tech Mahindra Limited said, "Tech Mahindra Arabia will pave the way for exponential growth by solving the business and technical challenges of customers from Telecom, Public Sector, Oil & Gas, Petrochemicals, Utilities, Manufacturing and BFSI segments.

"Our differentiating strengths in Networking, Mobility, analytics, cloud and security will be of key importance in bringing value to Saudi customers," said Kumar.

Tech Mahindra Arabia will provide a gamut of Information Technology (IT) and IT-enabled services (ITES) to cater to the established and emerging sectors in Kingdom of Saudi Arabia (KSA), the company said.

The solutions would aim to provide services in the areas of consulting, application development and management, network services, integration, engineering, managed services, remote infrastructure management, operational & maintenance services and business process outsourcing.

Tech Mahindra has a significant presence in the KSA region since 2006 wherein it continues to provide solutions to its global and local customer base.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Exchange managements must distinguish between speculation and gambling

    Every bull run in the Indian equity market raises the spectre of excessive speculation.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Building smart cities the Indian way

Today more than half of the world’s population lives in ...

Zehra Naqvi

The mere display of power is not success

The stars are not afraid to appear like fireflies —Rabindranath Tagore ...

Dharmendra Khandal

Let the tiger breathe in its natural home

The world has been observing July 29 as International Tiger ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture