The Indian information technology firm HCL Technologies has said that it expects its Dubai-based Middle East operation to create 5,000 jobs and over US$300 million in revenue over the next five years.
Shiv Nadar, founder chairman of HCL, told the Khaleej Times that Dubai is a springboard for penetrating markets across the Middle East.
"Dubai is an entrepot not only for the GCC but for the whole Middle East and North Africa region, and we believe the opening of the regional office [is] a milestone in our corporate history," he said.
HCL began operations in the Middle East in 2007 and now provides services to more than 25 corporations in the region from its base in Dubai Internet City. Mr Nadar said that in a short space of time, the firm had been able to "structure strategic relationships" with partners in the region.
Dubai Internet City is a strategic free zone offering ICT companies the opportunity to target emerging markets in the Middle East and Indian subcontinent.