Fujitsu Siemens Computers (FSC), European Information Technology (IT) company and one of the top four IT vendors in the United Arab Emirates (UAE), has relocated its Middle East and Africa (MEA) Head Office to Dubai. The relocation also coincides with FSC's move to set up its office at the Dubai Internet City (DIC) with the objective of servicing the vast Middle East market from a centralized location with an IT-conducive atmosphere. FSC closed the 2001/2002 financial year with a profit turnaround of €100 million compared to the previous financial year, ending its second complete financial year since the merger with a pre-tax profit of €29 million. Fujitsu Siemens Computers sees tremendous potential for growth in the Gulf Cooperation Council (GCC), a company press release stated adding that DIC has emerged as the showcase IT hub of the Middle East. In contrast to some parts of the world where the IT industry is experiencing a downturn, the Middle East region is witnessing phenomenal development. Recent market research in the region shows that annual IT spending in the Gulf touched $2.1 billion in the year 2001. In addition, the fast growing Internet penetration in the Middle East has ensured that the GCC region alone accounted for 1.08 million Internet subscribers in 2001, up by 47 percent. FSC was founded in October 1999 as a joint venture of Fujitsu Ltd. and Siemens AG. During the last quarter, Fujitsu Siemens Computers achieved its strongest growth in the Notebook segment, with shipments increasing at twice the market rate in both EMEA and Western Europe. Its market share for Europe, Middle East and Africa (EMEA) was 5.9 percent and for Western Europe 5.8 percent. While the Notebook market in EMEA grew by 14.9 percent overall, Fujitsu Siemens Computers recorded a growth of over 27 percent. Fujitsu Siemens Computers has also extended its market share in the desktop PC market and is the number one supplier to the Consumer Desktop market in Western Europe with a market share of 11.4 percent, according to recent figures. With extensive European manufacturing facilities and more than 7,000 employees serving our customers, the company operates in 25 countries across Europe, the Middle East and Africa. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
