Tech Mahindra floats JV in Saudi Arabia to provide IT and ITeS solutions

Tech Mahindra, a provider of connected solutions, has finalize a joint venture (JV) with Midad Holding, a subsidiary of Al Fozan of Saudi Arabia to provide IT and ITeS solutions.

The JV — Tech Mahindra Arabia — will be headquartered in Al Khobar.

Tech Mahindra Arabia will also have presence across other major cities in Saudi and will be functional post the regulatory approvals, PTI reported.

The regional strength of Midad Holding and the connectivity of Tech Mahindra will combine together in creating a synergic value proposition for customers in Saudi Arabia.

CP Gurnani, managing director and CEO, Tech Mahindra, said: “This joint venture will establish the company as a leading player in providing IT and ITeS solutions.”

Additionally it will also provide an exciting career opportunity for the talented men and women in Saudi region.

Part of Midad Holding’s model is to partner with global leaders providing game changing solutions that add value and address the challenges facing Saudi Customers.

G B Kumar, vice president and Geo Head, Middle East and North Africa, Tech Mahindra, said: “Tech Mahindra Arabia will pave the way for exponential growth by solving the business and technical challenges of customers from Telecom, Public Sector, Oil & Gas, Petrochemicals, Utilities, Manufacturing and BFSI segments.”