US-based Intel, the world's largest semiconductor company, said it has made its first major investment into a software company based in the Middle East, Gulf News has reported. The company, called Sphere Networks, which is located in Dubai Silicon Oasis, currently has a staff of 26 people and provides network management software. Current clients include municipalities in Saudi Arabia and Jordan and the Abu Dhabi Chamber of Commerce. Feroz Sanaulla, Intel's director of capital for the region, said the investment represents a minority share. Intel will not be taking a managerial role with the company.
You might also like...
Red Sea Global awards Marina hotel infrastructure
18 April 2024
Aramco allows more time to revise MGS package bids
18 April 2024
Morocco tenders high-speed rail project
18 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.