HP to establish local assembly operation in Saudi Arabia
Hewlett-Packard (HP)’s intends to establish a plant for the assembly of PCs in Saudi Arabia. The company is currently in discussion with partners regarding the details of the project and expects to be able to provide further details on the project in the first half of 2003. The location and date for the operation of the new facility will be announced in the near future.
The plant is the first such venture by the company in the Middle East and the third that it has opened in the Europe, Middle East and Africa region. It is expected that the plant will supply up to 60,000 PCs per annum to the local and regional market.
The decision to establish the plant was taken, according to HP, following extensive study of the potential of the PC market region as well as in response to existing customer demand. “We will be targeting the small to medium business in particular with this facility,” adds Regional Manager of HP PSG in the Middle East, Christoph Schell.
HP is a global provider of products, technologies, solutions and services to consumers and businesses. The company's offerings span information technology infrastructure, personal computing and access devices, global services and imaging and printing. HP completed its merger transaction involving Compaq Computer earlier this year. — (menareport.com)
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