InnoVest forms consortium to address ICT infrastructure projects in MENA and Eurasia

These companies are the amongst the technology companies with the following capabilities: systems integration; business process outsourcing; custom application development; enterprise application services; enterprise transformation services; ICT infrastructure implementation and management; e-government; health IT; business intelligence and data warehousing; enterprise storage solutions; consulting and enterprise solutions; ERP from Oracle, PeopleSoft, and SAP; integrated engineering solutions; hi-tech solutions; product lifecycle management; geographical information systems; quality assurance/ quality control; supply chain management; and engineering and R&D services.

The technology infrastructure consortium is active in the following industry sectors: aerospace, automotive, financial services, government, healthcare, media and entertainment, pharmaceutical, public sector, retail and consumer, telecommunications, and transportation.

"InnoVest is aware of the move in Middle East and Eurasia from natural resource-based economy to knowledge-based digital economy. InnoVest and our strategic partners have prepared ourselves to meet all the challenges and be a partner in all aspects of this transition. We are ready to provide the entire ICT infrastructure that is required," said David Dastvar, managing partner, InnoVest Group.

The consortium is headquartered in New York with office in Jebel Ali Technology Park located in Dubai, UAE. Other branch offices are planned for Cairo - Egypt, Almaty - Kazakhstan and London - England.

InnoVest has signed three Memorandum of Understanding and partnership agreements to jointly pursue and implement ICT infrastructure projects for the public and private sectors in Morocco, Egypt, Saudi Arabia, Libya, Oman, Yemen, Kuwait, UAE, Hungary, and Eurasia.

The economic development of the respective countries is advising the consortium project development efforts.

The companies expect potential market opportunities worth more than $3.7bn in the near term.