Cisco plans $265M Saudi Arabian investment

[Bush_Eats_Beef]

Cisco plans $265M Saudi Arabian investment
Silicon Valley/San Jose Business Journal - 9:54 AM PDT Tuesday

http://www.bizjournals.com/sanjose/stories/2006/04/17/daily17.html?f=et79&hbx=e_du

Cisco Systems Inc. said Tuesday it will invest more than $265 million in Saudi Arabia over the next five years. San Jose-based Cisco (NASDAQ:CSCO) said the money will go into staffing, leasing and finance, innovation hubs, public-private partnerships, education and philanthropy.

Cisco said its five-year investment plan for Saudi Arabia will allocate investments in the following areas:

* Increase overall headcount of Cisco Systems employees in Saudi Arabia from approximately 70 to 600 employees.
* Provide leasing and other financial solutions to Cisco Systems customers and partners in the country through Cisco Systems Capital, a division of Cisco Systems, Inc.
* Develop a Cisco Systems Technology and Entrepreneurship Innovation Center to demonstrate the positive impact technology has on productivity across the different vertical markets.
* Support a Saudi technology innovation and entrepreneurship institute, incubation space for local start-ups, research and development activities, labs and demonstration centers and an academic chair in entrepreneurship.
* Provide equipment, training, education and support required to network 2000 homes in Saudi Arabia's underprivileged communities in support of similar public-private efforts.
* Establish 100 more Networking Academies in the country to provide enhanced technical programs in concert with leading local universities. There are currently 42 networking academies across Saudi Arabia, and the additional 100 Networking Academies will be rolled out over the next five years.
* Expand the existing Cisco Systems Networking Academy program by establishing a "Netversity" in Saudi Arabia which will partner with public education organizations and provide advanced business and technical training to align Saudi youth with the needs of world-class employers.

[MadMaddie]

1. And my question is why are they not doing this in America?

This is more bullshit....42 networking acadameies in Saudi Arabia...they team with public education organizations and provide advanced business and technical training to align Saudi youth with the needs of world-class employers

Why aren't they doing this for American youth?

[movonne]

3. Because America is a dying place...and Saudi owns a nice portion

of America..

[DBoon]

4. oil flows one way; money flows the other way

Cisco follows the money

[AndyTiedye]

7. Already Got Them Here

and the USA also has a surplus of already-trained network engineers.

But how many would want to work in Saudi Arabia (which is where these networks are being sold and installed)?

[Pavulon]

2. Build expensive Firewall?(nt)

[roody]

5. Is this where Bush and the Northern Cal

unwelcoming committee will be on Friday?

[lovuian]

6. Ahhh have ya checked Cisco the MidEast is kinda violatile

I think Saudia Arabia need some industries!!!