Brmaja Technology Egypt signed a memorandum of understanding (MoU) to acquire Brmaja Commercial Saudi Arabia which has a market value estimated at about $20m.
This step comes within the group’s strategy on consolidating investment relations between the two countries in addition to increasing the volume of local investments and attracting new professionals to accommodate the significant growth in the company’s business in the Egyptian market.
“The group and its two subsidiaries intend to pump more investments and expansions into the Egyptian market during the coming period, as it is one of the most popular and growing markets in various digital solution services and to increase the volume of its investments in the Egyptian market by 20% in 2022 in light of the development of Egyptian-Saudi relations, with an increase in the active role Saudi companies play in the Egyptian economy,” Hatem Bakheet, Chairperson of Brmaja Group, said.
The group’s fields of work include IT programmes, hardware and system integration, e-commerce solutions, digital media marketing, virtual call centres and solution development, digital platforms and artificial intelligence (AI) products, big data, and the Internet of Things.
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