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Mena Business Services sells majority stake in BPO arm
- Saudi Arabia: Thursday, December 20 - 2012 at 00:21
Dubai-based Mena Business Services has sold a majority stake in its Saudi business process outsourcing (BPO) arm to UK-headquartered Serco. Based in Al Khobar, the Saudi unit provides IT and outsourcing services to Saudi Aramco. According to Datamonitor, the Middle East BPO market is estimated at $2.85bn and growing at about 17%.The UAE and the Saudi Arabia are the two largest BPO markets in the Middle East region and together represent three-quarters of the market.
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