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Bangalore Jan. 23 Wipro Infotech, the India, Middle East and Asia Pacific IT Business of Wipro Ltd, has floated a joint venture with Dar Al Riyadh Group in the Kingdom of Saudi Arabia to tap local market.

Wipro Infotech owns a 66 per cent stake in joint venture - Wipro Arabia Ltd, while Dar Al Riyadh Group holds the remaining stake. Wipro Arabia will offer a range of IT solutions, including application development & management, package implementation and system integration services. The joint venture will have a combined workforce of some 300 people, of which about 220 will be from Wipro Infotech.

Dar Al Riyadh, a diversified business group in Saudi Arabia, has interests in engineering services, industrial products, systems & integration and information technology.

Mr Suresh Vaswani, President, Wipro Infotech said, the joint venture provides a scalable and efficient model for both partners to address the fast emerging segments in Saudi Arabia's IT services market. Further, it provides a strong platform for scaling our presence in the region, he said.

More Stories on : Alliances & Joint Ventures | Software | Wipro Ltd

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