Netgear to capitalise on Qatar boom
TradeArabia writes…Netgear has launched a regional expansion programme directed at capitalising on the increasing levels of ICT growth throughout the region.
The move will see Netgear, a worldwide provider of technologically advanced networking products, operate from Qatar, in addition to the UAE, following increased levels of mobile phone and internet penetrations, especially among the Gulf Cooperation Council (GCC) states.
‘We have achieved outstanding success in our Middle Eastern operations so far, registering more than Dh7.34 million ($1.99 million) in revenue since we opened our Dubai office only six months ago,’ said channel sales manager, Netgear Middle East, Ahmad Zeidan.
‘We also have established wide distribution channels covering Saudi Arabia, Bahrain, Kuwait and Egypt, which underlines our ambitious expansion programme in the Middle East and our serious commitment to fulfilling the high market demands of the region.’
According to recent Madar reports, Qatar has experienced exceptional growth in its ICT industry in recent years and is currently ranked third on the Arab countries ICT Use Index.
Statistics indicate that in 2005, the country experienced an overall 32.73 per cent increase of ICT usage during the previous 12 months, in addition to a 76 per cent increase of internet users during the same period as a result of price reductions and speed upgrades.
Netgear’s decision to appoint a local Qatari representative is in line with its strategy to expand regional network by offering customers specialised and localised services to their requirements rather than addressing it remotely, said a Netgear official.
