Invest in an existing and successful IT and Telecom services business that will benefit from increasing infrastructure investment in Saudi Arabia and neighboring countriesThe Business
The Company provides IT infrastructure services such as data networking, data security, storage, and data center solutions to customers that include some Saudi ministries, as well as businesses. It has excellent working relationships with prominent IT distributors and is registered with all major IT vendors and products such as Cisco, RSA, EMC and VMware. The Company has successfully operated in Riyadh since November 2010, but it now is interested to increase the range of its services, and its ability to participate in tenders for the large growth of Saudi IT infrastructure that is planned by various authorities and organizations.
For the future, the Company plans to target SMBs for security and surveillance solutions as well as IT infrastructure solutions. In addition it will increase services to large enterprises for IT infrastructure and security solutions and software applications. The Company plans to form further alliances with overseas solution providers in IT infrastructure outsourcing, GSM VAS (Value Added Services) and RFID solutions.
Market
Saudi Arabia is the largest free market in the MENA countries. Saudi Arabia is ranked fourth in the world for “fiscal freedom” and it’s the 7th most rewarding tax system in the world. The Saudi Arabian General Investment Authority (SAGIA) initiative for the development of cities across Saudi Arabia is planning over $100 billion in investments in transport infrastructure alone over the next 10 years. In addition, King Abdullah’s initiatives include about $40 billion aimed at improving housing and civil infrastructure across the kingdom. Liberalization is taking place in various industry sectors such as water and power generation and transportation. These and other initiatives in e-healthcare, e-education, and e-governance will all stimulate investments in improvement of IT products and services.
Government spending in Saudi Arabia takes place through the process of tenders, which offer a fair chance to any IT services organization. On an average, 8 to 10 IT products/services tenders are issued every month.
The Company is seeking USD 4 million of investment to increase its service capabilities, reduce its dependence upon outsourcing, and enable it to participate in an increasing number of regional IT infrastructure projects.
Sector: Business ServicesSegment: Telecom and ITRegion: MENAFinancing Size: $1m to $5mContact: Mohammad Sharib
Company: Technolsys Inc.Telephone: +966 1462 8000Email: [email protected]