Wipro Strengthens Middle East Presence: Relocates Regional HQ to Riyadh
Wipro has moved its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia. Mohamed Mousa has been appointed as the Managing Director for the Middle East region. The company signed an MoU with Prince Mohammad Bin Fahd University to establish a Center of Excellence in Riyadh for training local talent. This move aligns with Saudi Arabia's Vision 2030 and positions Wipro to contribute significantly to the kingdom's digital transformation efforts.

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Wipro , a leading global information technology company, has made significant moves to bolster its presence in the Middle East. The tech giant has announced the relocation of its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia, marking a strategic shift in its operations.
New Leadership and Strategic Appointment
As part of this transition, Wipro has appointed Mohamed Mousa as the Managing Director for the Middle East region. This appointment signals the company's commitment to strengthening its leadership team and driving growth in this key market.
Enhancing Local Talent Development
In a move that underscores Wipro's dedication to fostering local talent and contributing to the region's technological advancement, the company has signed a Memorandum of Understanding (MoU) with Prince Mohammad Bin Fahd University. This collaboration aims to establish a Center of Excellence in Riyadh, focusing on training local talent.
Strategic Implications
The relocation of Wipro's regional headquarters to Riyadh aligns with Saudi Arabia's Vision 2030, which aims to diversify the economy and develop public service sectors, including technology and innovation. By moving to the capital city and partnering with a local university, Wipro is positioning itself to play a significant role in the kingdom's digital transformation journey.
This strategic move by Wipro reflects the growing importance of the Middle East market in the global IT landscape. The establishment of the Center of Excellence, in particular, demonstrates Wipro's long-term commitment to the region and its focus on nurturing local talent to meet the evolving needs of the digital economy.
As Wipro strengthens its foothold in Saudi Arabia, it will be interesting to observe how this strategic shift impacts the company's operations and market position in the Middle East region.
Historical Stock Returns for Wipro
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-1.24% | +0.13% | +6.42% | -14.50% | +7.32% | +138.66% |