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TECH GLOBAL AND SAUDI BUSINESS MACHINES SIGNED A MEMORANDUM OF COOPERATION

TECH GLOBAL AND SAUDI BUSINESS MACHINES SIGNED A MEMORANDUM OF COOPERATION

17.10.2019
17.10.2019
Joseph Mucheru
Tech Global has signed a cooperation agreement with Saudi Business Machines (SBM), a leading technology solutions provider from the Kingdom of Saudi Arabia. The parties have agreed to jointly develop digital technologies in the Kingdom of Saudi Arabia, focusing on promoting and implementing Russian ICT solutions.

The signing took place on October 17, in Riyadh, as part of the Russian delegation state visit to Saudi Arabia, in the presence of Konstantin Noskov, Minister of Digital Development, Communications and Mass Media of the Russian Federation, and Abdullah bin Amer Alswaha, Minister of Communications and Information Technology of the Kingdom of Saudi Arabia.

"This agreement is the result of our analysis of the Saudi needs and of pulling together those Russian companies whose technological solutions meet the current demand from our partners. There are about 10 vendors providing a wide range of solutions in the field of information security, internet of things and telecommunications," said George Mikaberidze, CEO of Tech Global .

As part of the agreement the parties will coordinate the launch of Russian solutions onto the markets of Saudi Arabia and the Middle East, localizing the solutions as well as organizing and conducting joint educational and marketing events.

"We help promising Russian companies to launch their solutions and services onto foreign markets and support them by opening new export channels for their technological products. For this to happen, the support of the Ministry of Digital Development, Communications and Mass Media is crucial as it enables Russian companies to interact with the largest foreign integrators of technology as well as authorities. It would be difficult for projects to achieve this on their own when entering international markets," added George Mikaberidze.

Saudi Business Machines is the leading provider of technological solutions in the Kingdom of Saudi Arabia. According to IDC, a consulting company, the company's market share in the kingdom is up to 20%. SBM is the primary technological partner of the largest state and corporate customers in Saudi Arabia.
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