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Monday, April 7, 2008

America's Dell to sign partnership with Dubai's Tecom




One of the world's leading computer maker, Dell, will be signing an agreement to bulid a strategic partnership with Dubai's tecom Investments, if both would agree after the discussion of the possible partnership. But Michael Dell, did not elaborate detalis of his first visit to Dubai, though, he said he had a good conversation with the government of Dubai regarding the project.


Abdulatif Almulla, CEO of Tecom Investments, said Dell's visit clearly reflects Dell's focus on the needs of the Middle Eastern market and its commitment to supporting this key region during the next phase of its growth. "With the overall IT spend in the Middle East and Africa expected to exceed $40 billion in 2008 and with the Gulf Cooperation Council accounting for nearly 23 per cent of the total, the region's IT sector has significantly evolved into one of the key players in the global IT industry. We will be working closely with Dell to find ways to bring the benefits of its best practice approaches to this region," said Abdulatif.

According to him, IT business in the UAE posted an annul growth of 10 per cent to hit $1 billion. Dell has been crucial to this growth, he added.

The US company, which set up presence in the UAE 11 years ago, has been operating from Dubai Internet City for the past seven years. He said the Middle East and Gulf region is one of the fastest growing market, but declined to disclose the size of the business generated from the region. Last year, Dell's global revenues surged to $61 billion, while profits rose to $3.4 billion.

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