HCL Tech, Saudi firm in 7-yr outsourcing deal

MUMBAI, INDIA: HCL Technologies said on Sunday that it has signed a seven-year information technology outsourcing services agreement with Saudi Arabia’s Al Majdouie Group to provide end-to-end services for a period of seven years.

The company did not disclose the financial details of the deal.

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As per the deal, HCL is to develop infrastructure, implement an Oracle e-business suite with more than 70 modules, and manage its IT infrastructure of Al Majdouie, which is a transportation, freight forwarding, logistics and distribution company.

HCL said its end-to-end IT services would enable the Al Majdouie Group, having interests in the transportation, steel, automobiles, real estate and travel businesses, to streamline business processes and integrate seamlessly across all group companies.

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"We are confident of delivering significant cost efficiencies and business benefits to Al Majdouie Group," HCL Technologies Infrastructure Services Division Senior Vice-President Kiran Bhagwanani said.