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Orange Business Services Launches A Joint Venture In The State Of Qatar

Stocks in this article: FTE

Orange Business Services, the business services arm of France Telecom-Orange, has announced the launch of a joint venture company in Qatar, through the establishment of EGN LLC, which will trade in Qatar as Orange Business Services. The new local Qatari company has been established in partnership with Sheikh Fahad Bin Ghanem [Al Abdul Rahman] Al Thani as the majority shareholder.

Through the new company, Orange Business Services will address the significant ICT market opportunities in Qatar, one of the world’s fastest growing economies with ambitious investment programs in place, as host of the 2022 FIFA World Cup finals and with a strategic national vision to diversify the economy by 2030.

The launch of the new joint venture company in Qatar is the most recent local company established by Orange Business Services in the Middle East and Africa (MEA) region and is the first of its kind dedicated to large systems integration programs and operations.

It follows the launch of a new local company in Saudi Arabia in 2012 under a growth strategy focused on the developing markets in MEA, as companies are poised to translate economic growth into business opportunity. Orange Business Services has a strategic focus on emerging markets where it seeks to generate one billion euros in revenues by 2015.

Orange Business Services has also announced the appointment of Antoine Farah as general manager of the company in Qatar, along with a team of senior professionals to qualify, design and build targeted projects. The new team will comprise program directors, senior architects, project managers, subject matter experts and operations directors, and will focus on target business sectors including oil and gas, government sector projects, telecom company systems integrators, new cities and large infrastructure projects.

Commenting on the new Qatar joint venture, Sheikh Fahad Bin Ghanem [Al Abdul Rahman] Al Thani said: “This new joint venture company is a very significant step that will support the development of world class ICT infrastructure in Qatar, and the broader economy, as a partner for the long term, bringing new technology and complex integration capability. Qatar has already developed leading ICT systems in the areas of e-government and border security, and through this new joint venture company, Orange Business Services will bring the global experience and capabilities of France Telecom-Orange to Qatar. This will help accelerate our progress towards achieving the economic vision laid out in the Qatar National Vision 2030, for the development of a competitive and diversified economy capable of creating and sustaining a high standard of living for all our citizens.”

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