Sunday, January 20, 2008

Cisco to Invest Up to $1.6 Billion in United Arab Emirates

Cisco plans to invest up to AED 5.8 billion (USD $1.59 billion) on information and communications technology (ICT) in the United Arab Emirates over the next five years. As part of this investment, which is expected to create up to 650 new jobs at Cisco by December 2010, Cisco will open a new regional headquarters office in Dubai in April 2008. The regional office will host one of Cisco's most advanced customer briefing centers allowing Cisco to showcase the latest innovations in Internet Protocol (IP) networking technology, such as Cisco TelePresence. The company will also open an office in Abu Dhabi in June 2008 to serve the growing customer base in the capital.

Cisco CEO John Chambers said the investment would support the 2015 vision of His Highness Sheikh Mohammad Bin Rashid Al Maktoum, vice-president and prime minister of the UAE and ruler of Dubai.

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