Opportunities for M'sian & Saudi ICT companies to cooperate

Opportunities for cooperation between Malaysian and Saudi information and communications technology (ICT) companies will be explored when Multimedia Development Corporation (MDeC) hosts a delegation from the Council of Saudi Chambers on May 18, 2006. The visit by the delegation comprising ICT and public representatives will also provide an insight into potential investment opportunities in both countries, MDeC said in a statement Monday. The delegation, led by Abdulaziz Jazzar, ICT committee chairman of the Riyadh Chamber of Commerce, is keen to establish bilateral trade collaboration in the areas of communication and broadband, e-education, e-health, content, private equity, venture capital investments and ICT services. MDeC said the visit is also expected to discuss matters of mutual interest, including the possible establishment of a Saudi Malaysian ICT Fund for companies to pursue investment opportunities in both countries. more....

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