Collaboration, Management and Control Solutions (CMCS), a leading provider of project portfolio management solutions in the Mena region, has opened a new office in Rome.

CMCS - Italy aims to generate 2.5 million euros in sales revenue within the first three years of operation in its bid to become the leading player in the Italian project management market.

CMCS - Italy is a joint venture between CMCS International, which is based in the UAE, and Italian entrepeneur Dr Edoardo Narduzzi who has more than 15 years local market experience, having co-founded several business ventures in Italy.

Dr Narduzzi, a graduate from London Business School and Harvard University, will be the chief executive of CMCS - Italy, while Bassam Samman, founder of CMCS, will be the chairman, said a statement.

“Our goal is to become a leading local player in Italy, which represents an exciting market for CMCS in Southern Europe and a gateway to other European markets such as Spain, Greece, Portugal, France, Slovenia, Albania, Austria and Switzerland. These are the key markets that we plan to venture into eventually by leveraging our core competnences in two main business sectors - construction and oil & gas,” said Dr Narduzzi.

Narduzzi also pointed out that the new development gives CMCS the opportunity to benefit from the possibility of offshoring part of the European activities of the company to Dubai and other Mediterranean and Gulf region offices of CMCS.

CMCS Italy will also offer competitive tariffs to Italian customers in the field of specialized training, noted Narduzzi.

“Our expansion is based on a recent study that we have done and which reveals that Project Portfolio Management in Italy is under-supplied. More skilled and referenced professionals are needed while the demand is growing due to complex projects done by major companies and by the Government to renovate the country’s infrastracture,” added Bassam Samman.

The move by CMCS to set up operations in Italy is regarded as the first foreign investment by a UAE-based international company in the Italian market.-TradeArabia News Service