Cisco Announces Investment Plan

Cisco announces AED 5.8 billion five-year ICT investment plan for theUnited Arab Emirates

January 22, 2008

1 Min Read
Network Computing logo

DUBAI, United Arab Emirates -- At ameeting held today with Mohammad Al Gergawi, minister of state forCabinet Affairs, Ahmad Bin Bayat, chairman of Tecom, and OsmanSultan, chief executive officer of du, John Chambers, Cisco(R)chairman and chief executive officer, announced a plan to invest upto AED 5.8 billion (USD $1.59 billion) on information andcommunications technology (ICT) in the United Arab Emirates over thenext five years. The investment intends to support the 2015 vision ofHis Highness Sheikh Mohammad Bin Rashid Al Maktoum, vice-president andprime minister of the UAE and ruler of Dubai, to fuel the nation'sgrowth and development plans.

Paul Mountford, president, Emerging Markets, Cisco, said: "Thisinvestment demonstrates our continued, long-term commitment to theUnited Arab Emirates (UAE). The vision of the country's leadershiphas allowed it to transition quickly to a 'connected' world. We lookforward to continued collaboration working closely with thegovernment to help support and realize the nation's ambitiousdevelopment and growth vision."

Cisco Systems Inc.

Stay informed! Sign up to get expert advice and insight delivered direct to your inbox

You May Also Like

More Insights