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Thursday, 1 December 2016

Mawarid Technology investing USD 100 mn in domestic market in 2017

The UAE’s Mawarid Technology are investing around USD 100 mn into the domestic market in 2017 as part of the company’s expansion plan into Egypt, Mawarid GM Habib Halabi told Al Borsa. The network security and IT solutions specialist is targeting PPP contracts in the security infrastructure sector, Halabi added. Mawarid was established early this year through the partnership of Falcon Eye Technology, Tacme Handcrafted IT Solutions, and Quicknet.

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