Emap Middle East seals Contax deal

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CONTAX PURCHASE: EMAP says deal will bolster ability of MEED Projects to monitor construction projects across MENA region. (Getty Images)

Emap Middle East, whose businesses include MEED Magazine, MEED Events, MEED Insight and news portal AME Info, has confirmed it has bought the Contax Market Intelligence (CMI) database.

CMI is a web-based intelligence service that tracks and monitors energy, infrastructure and construction projects across the MENA region.

Dubai-based CMI is seen as adding additional value and functionality to Emap’s existing MEED Projects product.

MEED Projects currently tracks over 5000 live projects (min value $50 million) throughout their lifecycle across the MENA region.

Richard Baker, CEO Emap Middle East said in a statement: ''In these tough times, it is essential that our customers continue to receive the most comprehensive and accurate project information in real time from a trusted source in order to be aware of, and be able to respond to, upcoming business opportunities. Maintaining a competitive advantage is paramount to business survival.''

Baker added: ''Our investment in CMI is a real indication of our commitment to building our high value information business in the region and offering our customers greater focus and a more complete and value added suite of products.

''By making use of our analytical tools and project market knowledge, our customers are able to identify opportunities and plan more effectively and efficiently which in turn leads to better and more informed decision making,'' he added.

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