Thursday, 29 November 2007

Singaporean e-Gov Solution Provider to Build Business and Technology Infrastructure for Saudi

Singapore based eGovernment solutions provider, CrimsonLogic has been engaged by the Public Investment Fund (PIF) under the Ministry of Finance in the Kingdom of Saudi Arabia to build its business and technology infrastructure, as well as operate its electronic trade (eTrade) project called SaudiEDI.

The 7-year-long project, worth about USD 30 million, is now in operation at two major seaports (Jeddah Islamic port and Dammam port), which together contribute to about 35 percent of the total trade volume of the Kingdom.

The system for Riyadh Airport and Riyadh Dryport (or railport) is in the final stages of implementation.

“CrimsonLogic has been a valuable partner in our national initiative (SaudiEDI) to serve the Kingdom digitally. Through the domain knowledge and expertise shown, we have great confidence that CrimsonLogic will continue to be a positive contributor to the Saudi Arabian trading community,” said Dr Ibrahim Bin Abdulaziz Al-Assaf, Minister of Finance.

"Investments in technology especially for strategic eGovernment initiatives is one of our focus in PIF. We (CrimsonLogic and PIF) are forming this strong relationship to achieve our strategic objectives while maintaining the returns on investment," said His Excellency Mr Mansoor Saleh Al-Maiman, Secretary General of PIF said,

SaudiEDI, was officially launched by the Saudi Minister of Finance and Board Chairman of the Public Investment Fund on November 25 2007. It provides a suite of eTrade services customised to the needs of the trading community in the Kingdom of Saudi Arabia. It also facilitates fast and transparent interactions between businesses and government (B2G) and among government agencies (G2G) to bring about significant time and cost savings for the trading community.