Sunday, April 30, 2006

KOM Welcomes First Silicon Valley Tenant

Hewlett Packard (NYSE: HPQ), one of the world's largest IT firms with a global presence in the fields of computing, printing and digital imaging has significantly expanded its Middle East presence with the opening of a new office on Knowledge Oasis Muscat (KOM). This move is the latest in KOM’s ongoing efforts to attract and support fast-paced, high growth technology companies, from multinationals to start-ups.

The new office, which is now operational, is being headed by Mr. Divesh Loomba (pictured - left to right: Mohammed Al Maskari, Acting Director General, KOM; Joseph Hanania, MD, HP Middle East; and Divesh Loomb, HP Country Manager, Oman), this is a key step for HP as it continues to grow its Middle East business and support network. Mr. Loomba is obviously a key appointment in that regard and the new office on KOM will undoubtedly provide HP with enhanced market opportunities.

“HP employs in excess of 150,000 people, has an annual revenue of over US86 billion, owns more than 30,000 patents and is acknowledged as the producer of the world's first personal computer and regarded by many as the symbolic founder of Silicon Valley – this is the calibre of international firm we’re looking to attact to KOM. Indeed, we’re delighted that HP has chosen to base its operations in Oman on KOM,” remarked Mohammed Al Maskari, Acting Director General, KOM.

We’re an exciting and competitive Technology Park," said Ibtisam Al Faruji from KOM’s Marketing Team, "where business enjoys easy access to a full spectrum of services and infrastructure. Our innovation and IT industry operates under a well-established framework, with intellectual property rights protected by effective laws. We strongly believe HP will become a valuable member of the Park’s community.”