Serco wins key consultancy deals in Saudi
Manama, November 15, 2012
Serco Bahrain has secured consultancy contracts with the Royal Commission for Jubail and Yanbu and Al Elm Company, which will be serviced from its recently-opened new consulting offices in Bahrain.
Serco Consulting offers a range of management and operations consulting services across the financial services, telecommunications, utilities and public sector markets, said a report in our sister publication the Gulf Daily News.
Serco's success in the region comes as consultancy-focused multinationals Boston Analytics and Thomson Reuters have also recently set up bases in Bahrain in order to increase their access and operations in the Gulf region.
"We are delighted at the success that Serco has achieved following its decision to establish a consulting presence in Bahrain, reflecting the kingdom's suitability as a destination for international consultancies looking to access the trillion dollar Gulf market," said Economic Development Board director of business development Vivian Jamal.
"Our presence in the kingdom continues Serco's long association with Bahrain and further strengthens our commitment to the region," said Serco's consulting business managing director David Beresford.
"The combination of well-developed financial services and business process outsourcing markets, as well as the geographic proximity to Saudi Arabia, means we are placed to serve our clients from Manama," added Manama office director Damon Dermody. – TradeArabia News Service
More Finance & Capital Market Stories
- Emirates NBD seals Dubai tower deal
- Dar Al Arkan raises $450m from sukuk sale
- Barclays advises on equities over bonds
- World Bank boosts funds for Syria refugees
- Doha Bank sets $1.5bn to fund Emirati SMEs
- Gold gains on China demand
- HSBC to launch insurance products in UAE
- Bahrain to host key Arab exchange talks
- QNB to start India operations
- Gulf must consider flexible exchange rate: banker