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INDEX Investment Management and MiTAC Information Technology Corp. Signed a Cooperation Agreement in Taiwan
mitac incorporated

Branching out the ICT Services into the Middle East and North Africa Market

As a part of their strategic planning and growth, Taiwan-based MiTAC Information Technology Corp.and Dubai-based INDEX Investment Management signed a cooperation agreement on March 4, 2011. Both parties will be developing businesses for projects within their respective systems development, system implementation, operational management, and other professional services in the Middle East and North Africa region.

The agreement was signed by Mr. Simon Chiang, President of MiTAC Information Technology Corp. and Mr. Abdul Salam Al Madani, President of INDEX Holding, with representatives form both companies present at the signing ceremony. “INDEX Investment Management is the Subsidiary of INDEX Holding which is a name that carries with it more 80 years of experience in the MENA region, as well as a wide business portfolio covering a variety of services such as general trading, healthcare industry services, investment management and consultancy, conferences & exhibitions, media & marketing, amongst others. INDEX Holding is a unique and leading enterprise in the Arab world because of the scope of services it offers. MiTAC is confident that with the support and help of INDEX, the successful experiences of Taiwan's system integration will be replicated to the Middle East and North Africa.” stated Mr. Chiang.

Mr. Abdul Salam Al Madani also expressed his enthusiasm for this cooperation and what it holds for the future. “MiTAC's accomplishments in e-government programs, e-transportation programs, smart cities, and safety surveillance projects are very impressive. I am certain that this agreement will provide opportunities in the very near future where the people in the MENA region will be able to enjoy the same high quality ICT services like those in Taiwan.” stated Al Madani.

Both parties are exploring the MENA market starting from Dubai. In this agreement, the intelligent surveillance system will be introduced to the market similar to those used in Taiwan. Another key component of the agreement will be introducing smart card technology which is expected to yield high interest in the UAE and GCC countries. The cooperation agreement places emphasis on targeting public sector organizations in the GCC countries -and gradually reach out to the MENA region- to introduce integrated IT solution programs.

These services include the design, testing, delivery, assembly and installation of specific requirements for systems integration and automation projects. And provide system design and software development services, as well as provide customized packaged software.

Mr. Al Madani concluded that “we are blessed here with the vision of the rulers of the UAE which make such achievements possible. The UAE keeps proving itself as an investment destination for many companies looking for new business opportunities, and expanding their markets. We are happy to have a great partner such as MiTAC on board, and we are certain that our cooperation will grow as their products and services are cutting edge and have a lot to offer for the MENA region.”

About MiTAC-SYNNEX Group and MiTAC Information Technology Corp.

The MiTAC Group, with more than 40 companies incorporated and 40,000 employees worldwide, is principally engaged in four major markets – electro-chemicals, IT product design and manufacturing, system integration and mobile services, and global distribution and fulfilment. In 2010, revenues in excess of US$21.5 billion were generated.

MiTAC Information Technology Corp., the principle member of the MiTAC-SYNNEX Group, is the leading system integration provider with extensive experiences in e-government programs, e-finance programs, e-industry programs, e-transportation programs, and communication systems in Taiwan. MiTAC has successfully implemented and enjoyed a high reputation with projects covering Traffic Surveillance Systems, Automatic Fare Collection Systems, the Taipei Smart Card Project, computerization of the National Taxation Bureau, and the Military Communication & Logistics Command Projects, all of which involved cooperation with worldwide renowned companies.

About INDEX Holding LLC, and INDEX Investment Management.

INDEX Holding

INDEX Holding was established in 2006 to create synergy among its subsidiaries and integrate their functions to serve one vision. As a result, the overall operation of the company has become more efficient by optimizing the use of resources and collective knowledge. This unique model offers exclusive turnkey and tailor-made solutions to clients all over the world.

From a modest beginning of a small tailoring shop on the Dubai Creek in 1928, INDEX Holding today oversees twelve companies and two branch offices operating in different industries such as healthcare, events, media, engineering, trade and retail; and is continuously exploring new opportunities to strengthen its business portfolio.

INDEX Investment Management

INDEX Investment Management was established in 2009 to provide knowledge and innovation based consultancy services to prospective corporations interested in business opportunities in the MENA region. INDEX Investment Management strives to assist its partners with market expansions, overseas investments and strategic alliances.