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MONEY TRANSFER

French payments firm opens Bahrain branch

Manama, September 10, 2012

Paris-based Galitt, the payment systems and secure electronic transactions consultancy, has opened a new branch in Bahrain in a move to expand its Middle East operations.

“The Gulf region is prone to innovation and many projects demonstrate new technologies offering economic growth beyond the oil and gas industry,” said Gerard de Moura, managing director of Galitt and president of Galitt Middle East Consultancy.

“Our international development strategy targets pivotal regions, among which is the Gulf. Bahrain is welcoming our approach and is helpful in leveraging local and regional opportunities.”

Kamal bin Ahmed, Minister of Transportation and acting chief executive of the Bahrain Economic Development Board (EDB), said: “We are delighted that Galitt has decided to set up a new branch in Bahrain, a decision which reflects our strong business fundamentals.”

“Bahrain has long recognised the importance of encouraging innovation and the development of new technologies, and the presence of Galitt’s new office will only enhance our continuing focus on economic growth, modernisation and competitiveness,” he added. – TradeArabia News Service




Tags: Bahrain | EDB | paris | Money transfer | Branch | payments |

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