Accenture and Al Faisaliah Group have completed their joint venture to strengthen their IT capabilities in the Middle East. Accenture has followed through on the joint venture plans established in June by acquiring a majority stake in Al Faisaliah Business & Technology Company, a subsidiary of the Saudi Arabia-based Al Faisaliah Group.
The joint venture combines Accenture’s management consulting, technology and outsourcing experience with FBTC’s enterprise architecture, systems implementation and technology consulting skills in order for Accenture to provide a comprehensive IT services to clients in the Kingdom of Saudi Arabia.
“Establishing the joint venture is an important step to enhancing our capabilities and positioning Accenture as a leading technology services provider in Saudi Arabia,” said Omar Boulos, managing director of Accenture in the Middle East. “We will now turn our focus to supporting the business goals of our clients and addressing the growing needs of companies in the market.”