Wed, 02 February 2022
Gulf Future Business (GFB), a Bahraini company, plans to open its first Business Centre located in Saudi Arabia’s business district area this year. GFB Business Centre will provide companies with a soft-landing zone into the Saudi market with a working space and support services to accelerate their market entry, support their ongoing operations and generate opportunities.
The Gulf Future Business Centre of Business in Saudi Arabia was specifically designed to incubate ICT companies in addition to companies operating in other activities and have products, services, solutions, and expertise required by the Saudi market.
The centre is currently prepared to incubate 15 companies, with the group hoping to expand further. “Saudi Arabia’s ICT sector has a 45 percent e-commerce share of the GCC market in 2021; and a 32 percent growth of the e-commerce market from 2015-2020. Big multinationals have already chosen Saudi Arabia due to its rapid growth of local FinTech services and a growing number of FinTech players leveraging the local investment ecosystem,” explains CEO of Gulf Future Business, Ahmed Al Hujairy.
“Bahraini firms’ strong presence in the Saudi market, which is experiencing rapid expansion and unparalleled potential, will assist Bahrain’s economy by increasing returns and extending their share of this market,” he concludes.