EMX appoints Al-Jarawi as deputy chairman    Mexico's inflation exceeds expectations in 1st half of April    Egypt's gold prices slightly down on Wednesday    GAFI empowers entrepreneurs, startups in collaboration with African Development Bank    Egyptian exporters advocate for two-year tax exemption    Egyptian Prime Minister follows up on efforts to increase strategic reserves of essential commodities    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Benya to finish establishing investment arm in Saudi Arabia before end of June
Published in Daily News Egypt on 17 - 05 - 2022

Benya Group plans to establish an investment arm in the Saudi market before the end of next June as a first step to expand in the markets of the Arabian Gulf.
Ayman AlBayaa, Benya Group Chief Operations Officer and CEO of Benya Systems said that the kingdom is a virgin market in terms of investment opportunities in the field of data centres, smart city solutions, and information security, especially with the vision of the political leadership to establish 13 data centres during the next phase.
The group also has successful experiences in the three sectors within the Egyptian market.
AlBayaa told Daily News Egypt that the group is currently working on evaluating the impact of the economic and security repercussions that the world is witnessing on its future plans.
With this evaluation, it aims to ensure the preservation of its investments and position locally and in all of Africa, provided that appropriate alternatives are identified to deal with the current situation based on well-thought-out action plans.
On the other hand, he stressed that the success of the digital transformation experience in Egypt — despite the challenges — is the result of the government implementing a group of giant projects in various economic sectors. He also pointed out that Benya was an essential part of this system.
He explained that his company implemented several projects over the past phase, most notably the first phase of the Knowledge City Project in the New Administrative Capital (NAC), as well as a project to secure the banking sector against security risks with the Central Bank of Egypt (CBE) in cooperation with more than 27 international companies in the field of information insurance.
Additionally, it handled automating 64 companies affiliated with the holding companies for tourism, insurance, mining, and metal industries in nine months in partnership with SAP and Microsoft.
Furthermore, Al-Bayaa noted that Benya Systems — a Benya Group company — is currently implementing the second phase of the project to automate public business sector companies, as it recently contracted with the Holding Company for Drinking Water and Wastewater in Assiut and Beheira.
He added that digital transformation projects contributed to making trained professionals available in the information technology sector.
On the project to implement the technological infrastructure network in the Democratic Republic of Congo (DRC), he said that the group is currently waiting to obtain a license from the concerned authorities to start implementing the project, especially that it determined the contractors who will undertake the implementation work and is also planning to expand in new countries in the regions of Africa, Asia, and the Gulf before the end of 2022
Benya Group for Communications Solutions announced in April 2021 signing a shareholder agreement with La Société Congolaise des Postes et Télécommunications in the DRC to establish a new service operator that will develop the infrastructure of communications and information technology in the country.
Under this agreement, a company will be launched titled 'Benya Telecom – DRC' to build and operate a national fibre-optic network (NFON) at a distance of up to 16,000km to connect Congolese cities.


Clic here to read the story from its source.