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Mubadala development and EDS set up IT services joint venture

Partners to provide a wide range of outsourcing solutions and services Abu Dhabi-based Mubadala Development Company has joined hands with the US’ Electronic Data Systems (EDS) to establish Injazat Data Systems, an Information Technology (IT) and Business Process (BP) services company that will offer a wide range of outsourcing services in the UAE.

07 December 2004

Partners to provide a wide range of outsourcing solutions and services Abu Dhabi-based Mubadala Development Company has joined hands with the US’ Electronic Data Systems (EDS) to establish Injazat Data Systems, an Information Technology (IT) and Business Process (BP) services company that will offer a wide range of outsourcing services in the UAE.

Injazat will provide complete IT outsourcing services, including the management of data centers, help-desks, desktops, and applications; along with IT consultancy services in areas of IT strategy and delivery; and, systems integration and implementation (including ERP). These core IT services together with business process outsourcing will be offered from the first quarter of 2005. Injazat will capitalize on EDS’s global network that spans 60 countries and supports more than 35,000 business and government clients throughout the Americas, Asia Pacific, Europe, the Middle East and Africa. The vision is for Injazat to become the premier Information Technology and Business Process Outsourcing services provider in the region, capitalizing on Mubadala’s knowledge of the business environment in the Gulf and EDS’ service delivery capabilities, creating a local company with the experience of a global player. “Studies have indicated that the UAE IT services market is expected to grow by over 11 percent a year to about $1 billion by 2015.

There is significant opportunity for a local IT services company to successfully establish itself in the market to deliver outsourcing services at competitive prices. Our combined strengths and credentials will enable us to establish Injazat as a leader in the market,” says Khaldoon Khalifa Al Mubarak, Chief Operating Officer (COO) of Mubadala Development. Injazat will initially focus on the oil & gas, financial services, utilities, government, transportation and healthcare sectors. Mubadala Development will outsource its IT requirements to Injazat whose other launch clients will potentially include Dolphin Energy, the Environmental Research & Wildlife Development Agency (ERWDA), and UAE Offsets Group (UOG). Injazat has initiated discussions with other clients in its targeted sectors. “Our partnership with Mubadala Development will further consolidate our position in the Middle East. EDS views this market, particularly the UAE, as a major growth area for its services and will build upon its core portfolio of information-technology, applications and business process services, as well as information-technology transformation services,” says Bill Thomas, President EMEA of EDS.

EDS provides a broad portfolio of business and technology solutions to help its clients worldwide improve their business performance. EDS’ core portfolio comprises information-technology, applications and business process services, as well as information-technology transformation services. With 2003 revenue of more than $20 billion, EDS is ranked 87th on the Fortune 500. The company’s stock is traded on the New York (NYSE: EDS) and London stock exchanges. Learn more at eds.com. Mubadala Development is an investment company wholly owned by the government of Abu Dhabi. Mubadala’s existing investments include a 51% majority stake in Dolphin Energy, the developer of the Dolphin gas project which involves the creation of the first cross-border gas network in the GCC through the import of Qatari natural gas for the markets of the UAE and Oman. It also has a 25 percent stake in the Dutch fleet management giant LeasePlan Corporation and holds shares in ADDAR Properties, National Central Cooling Company (Tabreed) and Abu Dhabi Ship Building (ADSB).