Dubai-based IT major Almasa Group has plans to invest in Iraq in addition to setting up its own computer assembly line in the Jebel Ali Free Zone. “We are also on way to diversifying our business portfolio as we are looking at other industries to invest,” said Mehdi Amjad, president and CEO, according to <i>Gulf News</i>.
He said the group is carefully looking at options to employ its capital in areas other than the IT industry. But IT will remain at the heart of the group, which recorded 52 per cent growth in its profits and 44 per cent in revenues last year.
