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UAE’s Mawarid Technology Promises to Pump Investments at a Value of USD 100 Million in Egypt

Nuaimi: Egypt Represents a Regional Gateway for Arab and African Markets.

During the visit of President Abdel Fattah El Sisi to UAE’s Mawarid Technology’s booth at Cairo ICT 2016. Mr. Mohammed Al Nuaimi, Chairman of Mawarid, promised that the company will pump USD 100 million in investments in the Egyptian market during the coming period, affirming the company’s keen support of the Egyptian market to help it reach the “Smart Government” concept. Nuaimi also announced that the company’s strategy depends on Egypt as a regional gateway for the Arab and African markets, considering them as promising.

Mawarid was established in early 2016 with joint investments pumped by the three major companies: Falcon Eyes, TacME, and Quicknet, which have long history in implementing huge technology projects across the Middle East.

On his part, Habib Halabi, General Manager of Emirati Mawarid Technology Group affirmed that the company owns sufficient expertise to establish the technological infrastructure for major projects, pointing out that the coming period will witness major expansions in the Egyptian market which will result in new major job vacancies for Egyptian youth.

He added, “We aim at forming local partnerships in addition to acquiring some entities specialized in security solutions in Egypt in order to establish a major entity for the company in Egypt. Through this entity we can support and boost digital transformation in the Egyptian market, considered one of the most growing markets in the Arab and African regions.”

Mawarid is present in the Emirati market through 3 branches located in Dubai and Abu Dhabi. The company works on implementing a number of major governmental projects in the UAE.
President Sisi inspected a number of integrated technology services the company provides in several fields including: public safety and security, information technology, digital payment (e-payment), financial inclusion, and smart government applications.