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Project Update | October 2011

Viva Infoventures inks JV pact with Al Majed

Qatar is rapidly assuming significance as the primary hub for business in the Middle East

Mumbai-based Viva Infoventures has signed an agreement with Qatar's Al Majed Technologies (AMT) to explore opportunities in the knowledge-driven education, technology and media sectors in the Gulf state, a news report said. AMT, one of the leading business houses in Qatar, is a member of the Al Majed Group and has been present in the market for over six decades now. The agreement was signed by Viva Promoter Vineet C Nambiar and AMT Managing Director Hussain Salatt in the presence of Al Majed Group Finance and Administration Head Jacob V Jacob. Salatt said Qatar is rapidly assuming significance as the primary hub for business in the Middle East and a lot of this has to do with the dynamic ICT development activities it has embarked on. "This partnership is yet another example of growing international interest in Qatar's knowledge economy initiatives," he was quoted by Gulf Times as saying. "This partnership harnessing Viva's technical prowess and Al Majed's business intelligence will make for a highly potent combination," he said. Nambiar said Viva is inspired by Qatar's vision to develop a knowledge-based economy through indigenous innovation capabilities and knowledge-based assets. "We are excited about the steps being taken in this direction and hope to play a role in achieving this goal," he said, adding that Viva undertakes knowledge ventures that are entrepreneurial and transformational.

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