Alfalak named official contractor by Saudi govt
Riyadh, February 7, 2012
Alfalak Electronic Equipment & Supplies, a leading provider of technology solutions in the Middle East, has been classified as official contractor for public projects by the government of Saudi Arabia.
Alfalak can now bid on government projects covering general contracting, information technology and electronic security systems, and telecommunications.
Increased expenditures on ICT products and services in key Arab markets such as Saudi Arabia have enabled Alfalak to achieve sustained growth. Total ICT investments in the Kingdom alone are expected to reach SR50 billion ($13.3 billion) by 2015, a statement said.
To support its growth plans, Alfalak will invest into its ongoing expansion programme across the GCC region as well as in other high-growth markets.
Alfalak is also enhancing its capability to cater to the evolving requirements of its customers in the region by strengthening strategic partnerships with leading international IT companies.
Alfalak provides corporate IT solutions integrating key technologies from its partners through a network of offices and specialized staff in the Gulf and Middle East regions, specifically in Saudi Arabia, UAE, Bahrain, Qatar, Kuwait and Sudan.
Ahmed Ashadawi, CEO and president of Alfalak, said: “Thanks to our inclusion as one of the Saudi Government’s official contractors, we are now on track to maintain our leading position in the region’s highly competitive ICT sector.”
“This welcome development adds to the positive outcome of our expansion initiatives and gives use even more momentum to post another solid annual performance and achieve our growth targets for 2012. The growing investments in ICT in the Middle East will continue to drive our growth plans in the region, while we are likewise moving forward with our local and global expansion initiatives.” – TradeArabia News Service
More IT & Telecommunications Stories
- Kuwait moves to create telecoms watchdog
- Batelco backs Royal Fund for Martyrs
- Egypt's Global Telecom posts $749m Q4 loss
- Red Hat launches open source BPM suite
- Batelco announces new board
- Batelco offers improved broadband
- You don't own phone numbers, warns TRA
- Tech giants back top Qatar ICT event
- Du to provide wifi access in public areas
- Zain finalises $800m, five-year loan facility
- Ooredoo Q4 net profit falls 36pc to $140m
- Mobily, Etisalat team up for LTE roaming
- Batelco approves $84m dividends for 2013
- Etisalat Q4 profit rises 70pc to $394m
- Kenya telecom firm to join Etisalat SmartHub
- Aruba appoints new sales director
- Du enters $1.17 billion financing deals
- VIVA extends 4G LTE offer
- Batelco to update students with latest technologies
- Etisalat SmartHub seals IPX agreement
- Etisalat picks Alcatel for LTE network expansion
- Boeing, QCRI host machine learning forum
- Mobily provides 4G LTE international roaming
- Viva Kuwait, Huawei to set up innovation centre
- Etisalat, Airtel deal to boost network services
- Batelco offers 4G LTE backup solution
- Arbor unveils ‘Peakflow’ solution
- Etisalat launches enterprise mobility services
- STC launches advanced 4G network
- Dubai to host ITU global summit