Dubai was chosen as the headquarters for Internet Pictures Corporation International (iPIX), a joint venture between the Internet Pictures Corporation of the US and Soroof International, a Saudi Arabia-based Group of companies focused on technology and industry investment and technology transfer.
The new company will market and distribute the patented technology in more than 160 countries across the world. A formal inauguration of the company's new headquarters at Dubai Internet City took place today October 16 as part of GITEX 2002, the regional exhibition for the IT industry.
iPIX International will develop and manage the iPIX business outside North America, Japan and China through the exclusive distributor for iPIX Immersive still products, including the iPIX GPS Mapping System.
The formation of iPIX International is a continuing step in Soroof's plans for attracting new technologies into the region and to the world. Through a five-year royalty agreement with iPIX, this new global enterprise will develop integrated solutions for markets including real estate, travel and tourism and other markets in which online marketing is critical.
Soroof International is a global group of companies providing integrated solutions leading to knowledge-based economy and environment protection. Soroof International is founded on technologies, with a primary focus on core industry and technology investments, knowledge transfer and environment protection. Soroof accomplishes this through strategic alliances and partnerships with international industry and technology developers and research centers around the world. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
