Al-Falak charts aggressive strategy to tap $3.7 billion Saudi IT market
Al-Falak, a Saudi and Information Technology (IT) and communications solution provider, has developed an aggressive strategy to play a more dominant role in the sector, with a focus on its home base, Saudi Arabia, the largest market in the Gulf valued at $3.7 billion, by introducing leading edge business intelligence solutions, according to a company press release.
Al-Falak's end-to-end solutions tailor-made to suit specific business requirements will be exhibited at GITEX 2003 Saudi Arabia to be held in Riyadh from April 27 to May 1, 2003. Saudi Arabia constitutes over 60 percent of the entire Gulf Cooperation Council (GCC) IT market, according to market research reports.
The GGC IT market as a whole was valued at six billion dollars in 2002, and is set to grow to eight billion dollars by 2005, according to a study by the Dubai-based Madar Research Group. Of this, Saudi Arabia and the United Arab Emirates (UAE) constitute 81.2 percent of the GCC total.
"Saudi Arabia and the rest of the GCC are emerging markets that are poised to generate an ever increasing demand for IT products and solutions," said Ahmed Ali Ashadawi, president and CEO of Al-Falak. — (menareport.com)
© 2003 Mena Report (www.menareport.com)