Why Saudi Arabia Is a Big Deal for Systems Limited (SYS)?
Systems Limited (SYS), Pakistan’s top IT company, is going all-in on the Middle East, and especially Saudi Arabia (KSA), and for good reason. The region is full of exciting projects, government support, and major tech investments that could supercharge SYS’s growth.
Let’s break it down:
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MENA market: what’s driving growth?
SYS expects its Middle East & Africa (MENA) revenues to grow 30% every year over the next 5 years. That’s a big deal.
Here’s how they plan to make it happen:
1. Expanding local teams
- SYS is growing its teams in Saudi Arabia and Egypt.
- In KSA, it’s aligning with the government’s $100 billion ICT plan.
- Egypt is becoming a key operations hub; it’s cheaper and has Arabic-speaking talent.
2. Growing in banking tech
- SYS has a special partnership with Temenos, a global banking software provider.
- It holds first rights to sell Temenos’ new modular banking system (CMB) across MENA.
- This gives SYS a major first-mover advantage in the region’s fast-growing banking sector.
3. Winning mid-sized banking deals
- SYS is going after mid-sized banking projects, like the $20 million Temenos-Mbanq deal.
- These types of deals are expected to become more common in the region.
4. Partnering with global tech giants
SYS is teaming up with:
- Microsoft
- SAP
- Oracle
- AWS
These partnerships help SYS offer complete digital solutions, cloud, apps, infrastructure, analytics, and more.
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Saudi Arabia’s mega projects = huge opportunities
Saudi Arabia is rebuilding its future, and SYS is hoping to be part of it. Just look at what’s coming:
| Project | Launch Year | What It Means |
|---|---|---|
| Red Sea Global | 2026 | Smart resorts & eco-tourism |
| Qiddiya (Entertainment City) | 2027 | Mega theme park & VR zones |
| NEOM Phase 1 | 2027 | Smart cities & innovation hubs |
| Trojena Winter Games | 2029 | Hosting the Asian Winter Games in the desert mountains |
| Expo 2030 | 2030 | Global event (40M+ visitors), major tech demand |
| FIFA World Cup | 2034 | Massive digital infrastructure buildup |
Most of these projects will begin buying tech solutions starting in 2025–2026. That’s where SYS steps in
SYS is betting big on Saudi Arabia, and the timing couldn’t be better. With a tech revolution underway and mega-events on the horizon, SYS is in a strong position to ride the wave of digital change.
Source: JS Global
⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →
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