Bahrain's Mumtalakat holds CIO Forum

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The forum brings together the CIOs responsible for the IT strategies and platforms for Mumtalakat's portfolio companies, such as Gulf Air, Alba, Batelco, NBB and McLaren, as well as contributors from some of the world's leading IT companies, including Cisco, Microsoft and Oracle, to discuss the future role of the CIO.

The role of the CIO has become increasingly significant as today's businesses seek to use IT as a strategic business tool to deliver better services to customers at lower cost, whilst reducing the growing complexities of doing business in a knowledge-driven, global economy.

Speakers at the forum are not only examining the role of the CIO in their own business, but, also discussing industry themes such as the challenges facing organisations moving to increasingly customer centric strategies.

As the owner of 35 companies based in Bahrain, Mumtalakat intends to create specialist working forums for key service areas such as IT.

Today's forum is Mumtalakat's first step towards the creation of shared service platforms for its portfolio companies.

This would mean that Mumtalakat portfolio companies would be able to share key applications such as CRM (Customer Relationship Management), reducing cost and creating significant operational efficiencies.

Talal Al Zain, Chief Executive of Mumtalakat, said,

'As the active shareholder of 35 companies in Bahrain, we are keen to create cost synergies and efficiencies across our portfolio as much as we can. The CIO Forum is the first step in getting the leading IT experts from across our portfolio together to start to discuss and think about how they can help Mumtalakat's strategy of creating value for Bahrain.'

'IT is one of the biggest generators of value if you get the strategy right. We want to ensure that our CIO community is focused on the potential operational and cost efficiencies and today's Forum is the first step towards creating a strategy that will see Mumtalakat's portfolio companies increasingly sharing their IT platforms and services.'