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