Sunday 31 May 2020

ABS Network records double digit growth

DUBAI, January 14, 2015

ABS Network, a leading provider of all broadcasting and production services in the Middle East and North Africa (Mena) region, has reported double digit year-on-year growth in its profits through last year.

The company attributesd this success to the investments it made into its HD/SD application technology for all its offices and the establishment of a quick deployment operations department which allowed it to secure agreements with new regional customers including Al Arab TV and Live HD as well as expand its business with key customers such as the MBC Group and Jeem Channel, a part of the Al Jazeera children network, said a statement.

ABS Network now has an employee strength of over 250 and expects to maintain its growth momentum through this year as it will soon launch a news agency and provide production services for a popular regional drama series.

Mohammed Al Ajlouni, chairman of ABS Network, said: “The incredible demand for high quality HD services in the Middle East played to the favour of our business in 2014. We were quick to spot the trend and made rapid investments into equipment and personnel.

“The broader scope allowed us to deepen our penetration into major markets such as the UAE, Qatar and Saudi Arabia while also making inroads into high potential markets such as Egypt, Syria and Tunisia.”

Among the company's many investments last year were the upgrade of all its branches to the latest HD technology, the establishment of a quick deployment operations department with special equipment, and purchase of fully redundant HD systems to cover high profile events across the GCC.

This has enabled ABS Network to manage a significantly larger volume of work and provide a higher quality of services to clients.

The firm’s plans for this year include expanding of its network, starting with the opening of new branches and is looking to create an entirely new line of business by manufacturing and selling ABS branded equipment.

The company is set to participate at Cabsat 2015, where it intends to announce the signing of its new partnership with a US/UK based organisation.

It also plans to set up two new divisions - a new consultancy arm that will also provide outsourcing services to clients; and a international planning team that will covering events even in countries where the company does not have a physical presence.

“We see a huge potential for growth and are eager to position ourselves as the biggest provider of broadcast services across all majors in the Middle East and North Africa, the company is on track to achieving this goal and will be a key partner to regional broadcasters for the entire production of features and documentaries, programs and shows as well as sports and special events,“ Al Ajlouni added. – TradeArabia News Service

Tags: growth | Network | double | ABS |

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