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Tue 9 Mar 2010 07:40 PM

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Huawei sees further Mideast sales growth in 2010

Network equipment maker increased sales in the region by 25% from $2.4bn in 2008.

Huawei sees further Mideast sales growth in 2010
SIMILAR GROWTH: Chinas biggest network equipment maker, Huawei Technologies Co, said that it expected growth from its ME operations to be similar to 2009. (Getty Images)

China's Huawei Technologies Co said on Tuesday it expected similar growth from its Middle Eastern operations this year as 2009 when it achieved $3 billion in sales as the market continued to grow steadily.

Ihab Ghattas, assistant president, Middle East region, Huawei, said: "We expect the same growth, the Middle East is a strong region for us."

China's biggest network equipment maker increased its sales in the region, which includes Gulf Arab countries, Iran and Pakistan, by 25 percent last year from $2.4 billion in 2008, even as the financial crisis took its toll on global markets, according to Ghattas.

Some of Huawei's biggest customers in the region include telecom operators Emirates Telecommunications Corp, Saudi Telecom Co (STC), Dubai based telecom du and Qatar Telecommunications Co.

Ghattas said the firm was constantly looking at new deals in the region with a focus on Saudi Arabia and the UAE, but declined to be more specific.

Oman Telecommunications Co awarded Huawei a $26 million contract in January, as the firm beat bids from Cisco Systems Inc, Alcatel-Lucent and Nokia. (Reuters)

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