An agreement signed with Direct Technologies Limited is for a project to develop and export software and provide IT related services for overseas clients. The investment is made by Saudi Arabian company, National Technology Group. The company provides Online Stock Trading Solution, "Mubasher". The project will integrate the global solution with reputable banks and brokers to trade with the solution.
Director / General Manager of the company, Arjuna Nanayakkara said "This is our second BOI project and we have been operating is Sri Lanka for over 7 years. We looked at investment opportunities in other Asian countries but decided on Sri Lanka because we have a good base in Sri Lanka for expansion". He also commended the fast service offered by the BOI.
The venture is an initial investment of US $ 300,000 and will generate around 100 employment opportunities. Mr. Arjuna Nanayakkara (Director / General Manager) signed the agreement on behalf of the company.
Monday, September 8, 2008
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