Samsung declared 'Number one IT company' in Middle East by ITP

Samsung was presented the award at a special ceremony to honour regional IT companies.

"Winning the award stands testimony to Samsung's commitment to consistently providing an unprecedented digital-technology experience to customers in Middle East. Samsung continues to redefine the technology benchmark and drive growth in the regional IT industry," said Mr.Taeho Roh, General Manager, Samsung Gulf Electronics.

Recently Samsung was ranked as the world's fastest growing brand for the second year in a row by BusinessWeek magazine and Interbrand Consultancy in a survey of the top 100 global brands. Samsung was ranked as the world's 25th largest brand, an improvement on its 34th place in 2002 and 42nd place in 2001. Samsung's brand has registered a 31 per cent growth over last year, more than doubling its value from $5.2 billion in 2001 to $10.8 billion in 2003.

"Samsung's increasingly influential role in the regional mobile communication industry was illustrated earlier this year with the launch of the region's first 180-degree rotating camera mobile phone. This was followed by the launch of cutting-edge flat panel televisions, including the largest range of 3-panel LCD Projection televisions," said Mr. K.S. Vasudevan, Senior Manager, Samsung Gulf Electronics.

"More recently, the company launched the region's fastest and lightest laser printers in the cassette based digital black-and-white category, and introduced a range of highly advanced TFT-LCD monitors aimed at both the corporate and retail market segments," Mr. Vasudevan added.

Samsung Electronics has announced its ambitious plans to grow revenues by 27 per cent to $1.9 billion in the Middle East and Africa (MEA) region for the year 2003. Maintaining its growth pattern from previous financial years, Samsung reported a remarkable performance in 2002, with annual sales revenue in the MEA region reaching the $1.5 billion mark.