Dubai Outsource Zone highlights commitment to banking and finance sector in MENA region

Press release
Published May 30th, 2011 - 11:55 GMT
Majed Al Suwaidi, Director of Dubai Outsource Zone
Majed Al Suwaidi, Director of Dubai Outsource Zone

Dubai Outsource Zone, a member of TECOM Investments, today announced it is the strategic partner ofthe seventh Financial Technology Summit and Meetings - Middle Eastfor the second consecutive year.

To be held at the Beach Rotana Hotel in Abu Dhabi from 31 May – 1 June,the Financial Technology Summit will focus on ‘Business trends and technology enablers in 2011-2012’. The exclusive event (by invitation only) is expected to draw high-profile IT decision-makers from the banking and financial sector in the Middle East.

DOZ’s support to the event comes on the back of an increasing number of regional as well as global banks and financial institutions setting up support operationswithin the free zone, leveragingits array of mid and high-end services. Dunia Finance, Mashreq Bank, Royal Bank of Scotland (RBS) and Arab Bank are some of the key entities that have marked a presence at DOZ.

Majed Al Suwaidi, Director of Business Development at Dubai Internet City and Dubai Outsource Zone, said: “A main focus for DOZ is to help businesses within the zone make the best use of their resources.This isespecially apparent in the finance and banking sectors witha significantnumber of institutions from thesector setting up back-offices in DOZ. Through partnering with thesummit, we aim to highlight our commitment to the growth and development of the diverse sectors of the region.”

Dubai Outsource Zone provides a purpose-built infrastructure to companies extending outsourcing services in the region. The zone caters to entities specialising in services such as business process outsourcing, knowledge process outsourcing and legal process outsourcing. Additionally, it offers an environment that attracts different elements of the value chain: banking and finance, insurance, IT, legal, airlines and hospitality.

Dubai Outsource Zone currently hosts a number of companies in diverse sectors such as banking and finance, accounting, IT, payroll processing, engineering, research and development as well as design. Current companies operating in DOZ include Nokia Siemens Networks, Emirates airline, AXA Insurance, du, First Data, Cupola, Larsen and Toubro Infotech Ltd, Al Futtaim Willis, and the Jumeirah Group.

Background Information

Dubai Outsource City

Dubai Outsource City (DOC) was launched in 2007 to cater to the market demand for outsourcing companies. DOC supports Business Process Outsourcing (BPO), HR Outsourcing, IT Outsourcing, back office and call center operations.

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