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Article: Cisco Systems Intends to Invest Over US $265 Million (SR 1 Billion) in Saudi Arabia Over Next Five Years.

Article from:
Business Wire
Article date:
April 18, 2006
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RIYADH, Saudi Arabia & SAN JOSE, Calif. -- Investments Planned in Staffing, Leasing and Finance, Innovation Hubs, Public-Private Partnerships, Education and Philanthropy Highlight the Expansion of IT in the Saudi Market

Cisco Systems(R) (Nasdaq:CSCO) today announced a significant investment initiative in Saudi Arabia totaling more than US $265 million (Saudi Riyal 1 billion). This announcement was made by John Chambers, President and CEO of Cisco Systems, during his visit to the Kingdom of Saudi Arabia and highlights the growing importance of the Saudi market in the global economy.

"Saudi Arabia is experiencing a transformation as it expands its ...

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