The Institute for Information Industry (III), one of the world's leading information technology institutes, has announced the formation of a new company in Middle East with Amjaad Capital, a leading advisory and project development company headquarter in Qatar.

The new company; Innotech, will be based in Qatar and will initially focus on servicing clients in the Gulf countries , with the aim of creating a world class integrated ICT company, and further demonstrating III's commitment to providing its world leading products, solutions and expertise to emerging markets around the Middle East.

Innotech's strategy, which focus on offering a variety of integrated IT and consulting services and solutions to clients from the telecom, banking, insurance, manufacturing and distribution, healthcare, education and government sectors in the region.

"We are delighted to announce the creation of this company. We have been investigating the opportunities for (III) services in the Middle East and identified the need for setting up a joint venture in the region to service our clients closely. This approach will enable us to offer all our solutions" said Tsai, Diana, Managing Director of International Group in (III).

"Information Technology (IT) spending in the Middle East and Africa (MEA) will exceed $40 billion during the current year. The six countries constituting the Gulf Corporation Council (GCC) will account for almost 23 percent of that total and it is forecasted the Gulf information technology market will cross $12 billion by 2011, representing a growth of almost 30 percent. . There is a huge need for high quality products, services and skilled personnel to deliver this demand and growth" explained Ahmed Alsheeb, Chairman of Innotech. "III’s wealth of experience in transforming Taiwan to a digital society and a leading country in the world in IT will be available to public and private sectors who are looking for the best."

About Amjaad Capital

Amjaad Capital is a Qatari company providing project development and advisory services. The company has already concluded a number of joint ventures with well known companies in ICT and building and construction services for the region.

About III

III is one of the world's leading information technology institutes and was established in 1979 -- jointly sponsored by the Taiwan government and prominent enterprises for the purpose of strengthening the development of the information industry in Taiwan.

Since its inception, III has been a source of vision, innovation, technological excellence and a major contributor to Taiwan’s development into a significant player in the global ICT arena. III has helped promote full utilization of ICT technologies thereby advancing the establishment of a modern information society in Taiwan.

Now with its more than 1,800 professional and dedicated engineers, of which more than 60% possess PhD or Master's Degrees in Computer Engineering and other associated fields, III plays a crucial and pivotal role in Taiwan's Information and Communication Technology (ICT) Industry and is the largest system integration organization in Taiwan.

CONTACT:

The Institute for Information Industry
Michelle Tsai, Program Manager
Email:mt@iii.org.tw
Office: 886-2 -2737-7111 ext 7254