DUBAI, 8 June 2007 — Turkey has called on Saudi businessmen to invest in information and communication technology sectors for mutual benefits.

At a press conference held here on Monday to mark the opening of the new headquarters of Logo in Dubai, Tegrul Tekbulut, chairman of Turkish Informatics Industry Association ( TUBISAD), said “we want Saudi investors to invest in the ICT sector which would not only yield attractive returns but would also help our country to keep pace with the advanced technological developments.”

Tekbulut, who is also the chairman of Logo, said “the new Logo headquarters in Dubai will focus on further expansion in the Middle East including Saudi Arabia,” pointing out that the company has only two partners in the Kingdom and it is interested in establishing cooperation with many more Saudi companies. He indicated that the emerging economic cities would pave the way for several ICT projects in the Kingdom. He said the office in the Internet City is part of award-winning Logo’s global services and support network that provide round the clock consulting services for clients and partners.

Established in 1979, TUBISAD is the largest non-governmental organization of the Turkish private sector, including industries and services, with a representation base of 95 percent through its direct membership.

Ali Guven , chief executive officer, said Logo is a leading independent software group with 150,000 customers and 1 million users across the world. “Countries in the region are experiencing impressive growth with existing companies expanding and a large number of new companies starting up,” he said, indicating that the continuing economic prosperity in the region has persuaded his company to establish the new office which will serve as a hub for the countries in the region.

Since its formation in 1984, Logo has grown into a group of companies with activities ranging from development of accounting applications for small-to-large customizable Enterprise Resource Planning (ERP) systems.

“It was the first IT company to be listed on the Istanbul Stock Exchange,” he added.

He said ERP software is expected to gain a substantially bigger market share in GCC countries in next five years. “A new study by Madar Research, forecast the value of this market in the GCC at close to $270 million by end of 2008.”