NetSol Technologies, Inc., a US corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, announced on Friday that NetSol Asia Pacific was awarded a new IT services contract by Atheeb Intergraph Saudi Company (AISC) of Saudi Arabia, Marketwire reported from Emeryville, California on Friday. The project is related to application development for AISC and further strengthens NetSol's presence in the Middle East market. This project was facilitated by Atheeb NetSol Ltd., the recently announced joint venture between Atheeb Trading Company and NetSol Technologies, Inc. Najeeb Ghauri, NetSol Technologies, Inc. chairman and chief executive officer, said “with our global IT services delivery capabilities and our extensive local knowledge as an established player in the region, the dynamic growth and economic diversification underway in the Middle East represents an excellent opportunity for NetSol. Building on this latest customer win in Saudi Arabia, the ongoing development of our joint venture company Atheeb NetSol Ltd., as well as a number of prominent Middle East based customers, NetSol is particularly well positioned to increase its market penetration within this key market.” According to the terms of the agreement, NetSol will build a Telecom Operations Management System for AISC using the latest tools and technologies, which will then be deployed by AISC to its existing customers in the telecommunications domain. The services based project also contains the potential for additional revenues in the future through product implementation, maintenance and platform solution enhancements. NetSol Technologies is a worldwide provider of global business services and enterprise application solutions.
