Wipro completes a decade in Saudi Arabia

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Wipro completes a decade in Saudi Arabia

Wipro has announced the commencement of its eleventh year of operations in the Kingdom of Saudi Arabia (KSA). Wipro entered the region in partnership with Dal Al Riyadh in Al Khobar, a diversified group in Saudi Arabia. Wipro strengthened this partnership by forming a joint venture with Dal Al Riyadh.

Prince Turki Bin Abdullah Bin Abdulrahman, Chairman, Wipro Arabia Ltd., said, "Wipro has a committed localization policy with almost 38% of employees being Saudi nationals. The company has contributed significantly in terms of building an IT base in the Kingdom catering to requirements across Saudi Arabia."

Anand Sankaran, Senior Vice-President and Business Head, India, Middle East and Africa, Wipro, said, "The Kingdom of Saudi Arabia has proved to be the growth engine for Wipro among emerging markets. In the last four years, our revenue from KSA has grown at a Compounded Annual Growth Rate (CAGR) of upwards of 80%. We continue to be positive about the growth potential of this region."

The region is seeing investments in the Public Sector, Oil & Gas, Banking and Telecom. The government sector is also propelling growth with investments in Education and Healthcare.


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