3i Infotech, a global IT solutions & services provider, is significantly enhancing its commitment to Saudi Arabia with the creation of a fully owned subsidiary, 3i Infotech (Saudi Arabia), and will set up offices in Riyadh, Jeddah and Dammam to tap into the Middle East’s largest services and solutions market.
The company now plans to promote its banking, insurance, other financial and government services solutions, over and above its ERP (Enterprise Resource Planning) solution - ORION. 3i Infotech already has a strong presence in Saudi Arabia through its partners and distributors with over 50 clients in the ERP and insurance sectors.
Announcing the move at a press conference during GITEX 2006, Hari Padmanabhan, Deputy Managing Director, 3i Infotech said, “Saudi Arabia is not only making investments in infrastructure initiatives, but is bringing about significant changes in the regulatory environment for the financial markets.
Elaborating on the rationale for the move, Mr Padmanabhan said “By establishing a strong presence in Saudi Arabia, we will provide an array of proven solutions to Saudi customers, thus empowering them to leverage technology for increase in productivity and improved profitability.”
He further added, “We are also looking to grow our operations by recruiting the best local talent available. This will create employment opportunities for qualified and experienced professionals as well as fresh nationals graduating from Saudi universities”.
The reforms in Saudi Arabia’s BFSI sector are also reflected in the Government initiatives. Major government initiatives including Jeddah’s Economic City is encouraging foreign direct investment. These initiatives would exponentially increase demand for technology-related services and solutions. 3i Infotech with its strong Government practice and numerous government related assignments in India and USA, which includes both consultancy and implementation of IT projects, is well poised to tap into the Government sector and offer cutting edge IT solution.
Farooque Khan is 3i Infotech’s Senior Vice President in the Europe Middle East Africa region and operating Head for Saudi Arabia & Bahrain. In Saudi Arabia, an office will be initially setup in Riyadh, followed by Jeddah and Dammam.
About 3i Infotech Limited
3i Infotech (www.3i-infotech.com) provides a range of information technology solutions for insurance, banking & finance, capital markets, mutual funds, e-Governance, manufacturing, and retail & distribution. The company is SEI CMMI Level 5-compliant for its software business and ISO 9001:2000-certified for its Infrastructure Services and Business Process Outsourcing Operations.
Using its domain knowledge and through continuous investment in technologies, 3i Infotech Limited helps corporations in their businesses through its expertise in enterprise-class software solutions, software services, information security consulting, IT infrastructure and disaster recovery solutions. 3i Infotech has a presence across 5 continents and serves customers in 50 countries.
For almost two decades, 3i Infotech has been serving the Middle East and Africa region. 3i Infotech's list of more then 500 customers includes those in the GCC countries, Sudan, East & West Africa, South Africa, Mauritius, the Central Asian Republics and the Mediterranean countries.
