Orange Business Services, an arm of France Telecom-Orange and one of the Middle East’s major ICT employers, has announced the opening of its new dedicated office in Saudi capital Riyadh.
Announcing the Saudi foray, Orange Business Arabia said the new office will help address the specific and significant ICT market opportunity in Saudi and also strengthen its position within the domestic market through closer proximity to customers.
This is the latest local company established by Orange Business Services in the Middle East and Africa under the continuing development of the business, said a senior official.
Saudi Telecom Company (STC) says a target to boost foreign operations to half of its total business is still realistic, despite the operator’s failed bid to enter the Syrian market.
The company last year reported revenue of 56 billion Saudi riyals (Dh54.8bn), with about 32 per cent of that coming from outside Saudi Arabia.
It had aimed to expand the overseas contribution to 50 per cent by the end of next year but has faced difficulty because of scant acquisition targets and few telecommunications licences being offered.