Collaboration, Management and Control Solutions (CMCS), a leading provider of project portfolio management solutions, will launch new offices in Saudi Arabia, Bahrain and Egypt this year, as part of its aggressive expansion plans.

'Today’s challenging economic conditions have actually had a reverse effect on the project management sector, since our services are enjoying even higher demand from organisations who want to optimise their activities,' said Bassam Al Samman, chief executive and founder, CMCS.

'We therefore see current market conditions as favourable for the addition of more offices in key areas such as Saudi Arabia, Bahrain and Egypt.'

CMCS is eyeing additional operations in Saudi Arabia, Bahrain and Egypt because of the vast business potential of these areas, he explained.

'Saudi maintains the largest economy in the region and is home to various oil and gas and property projects. In Bahrain, investors plan to inject more than $2.65 billion into new industrial projects.'

'The country’s Industry and Commerce Ministry already gave primary approval to 295 projects representing a total investment value of $2.2 billion in 2008.'

'Egypt’s growing population and unique real estate strategies, on the other hand, have influenced an increase in government and private sector projects. Just recently, the Ministry of Investment and Ministry of Transport launched three joint projects worth a combined $1.34 billion,' he added.

CMCS is accredited by the prominent organizations such as the Project Management Institute, making it a leading provider of project management training.-TradeArabia News Service