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SAF Tehnika to establish joint venture with Saudi Arabian Najahat Development&Investment

Nina Kolyako, BC, Riga, 26.04.2011.Print version
Today, one of the world's top microwave carrier-class licensed point-to-point manufacturers, SAF Tehnika, announced that it has signed an agreement to establish a joint venture SAF Tehnika Middle East with Saudi Arabian company Najahat Development&Investment, strengthening the company's presence in the Middle East.

According to SAF Tehnika’s announcement for "NASDAQ OMX Riga", SAF Tehnika Middle East will focus on delivering reliable and robust customized microwave solutions for mobile backhauls, business services and broadband networks as well as on meeting the growing demand for cost-effective wireless solutions in the region, informs LETA.

 

"Customer loyalty and sustained increase in demand are the main reasons encouraging us to continue the market expansion," said the company's CEO Janis Ennitis.

 

Najahat Development&Investment will own the majority of SAF Tehnika Middle East shares.

 

SAF Tehnika Middle East headquarters will be located in Saudi Arabia's capital – Riyadh.

 

All SAF Tehnika microwave systems are operating in high temperature up to plus 55 degrees Celsius, penetrating dust and rain. In some cases the signal can be transmitted over very long distances, demonstrating perfect suitability for the climatic and geographical conditions in the Middle East.





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