Abu Dhabi, July 14th 2011 (WAM) -- Etisalat, the Export-Import Bank of China and Huawei International Pte. Ltd., today announced the signing of the Memorandum of Understanding (MoU) for Strategic Cooperation encompassing Etisalats entire footprints of 18 countries.
Under the terms of the agreement, Huawei and Etisalat will continue to work together to provide innovative new technologies and services across Middle East, Africa and Asia to enrich peoples life with emerging telecom technologies; and China EXIM Bank will extend finance support to the cooperation of the two companies. The MoU was signed by Nasser bin Obood, Acting/ Chief Executive Officer Etisalat and Yuan Xingyong, Assistant President China EXIM Bank and Ms. Ji Ping the Executive Vice President of Huawei at a ceremony at the Emirates Palace in Abu Dhabi. Commenting on the occasion, Nasser bin Obood, Acting Chief Executive Officer Etisalat said: "Etisalat has established a reputation within the telecoms community for continuously innovating and identifying new ways of providing customers an unparalleled telecommunication experience. Through this strategy, "Etisalat" touches every sphere of our customers lives and this helps maintain our leadership across our markets. This partnership is another demonstration of "Etisalats" commitment to provide the latest technologies to its customers and to help develop ICT across the entire region and countries we operate in." He continued: "Through this agreement Etisalat and Huawei will share the latest best practise covering telecommunication industry trends including intelligent management of networks, cloud computing and applications."Bin Obood concluded "Over the last eight years, cooperation between Etisalat and Huawei has witnessed significant growth and success. From the first 3G network deployed in MENA in 2003, both companies have since moved on to collaborate on a global perspective by cooperating to build and expand formers networks in Saudi Arabia, Pakistan, Egypt, Tanzania, Nigeria and Afghanistan". Yuan Xingyong, Assistant President of the Export-Import Bank of China said: " Signing of this MoU will not only contribute to the economic and trade cooperation between our two countries, but also open a new chapter for the cooperation among three parties. Moreover it is also of great importance for Chinese enterprises in their go-global endeavor."After the signing ceremony, Ms. Ji Ping, Executive Vice President of Huawei said: "Etisalat has been leading the Middle Easts telecommunication evolution for over three decades. It is the pioneer in deploying advanced infrastructure and introducing the latest telecom services. Since 2003, starting with the first 3G network in Gulf, we have been honored to be sharing a strategic relationship with Etisalat. The agreement today is the enhancement in our strengthening partnership. A partnership not just limited to our companies, but also of our two great nations and people."She added, "We are grateful for the invaluable support that weve received from UAE and China in helping us contribute to the growing bi-lateral relations between both countries. Today, the signing of agreement between Etisalat, China EXIM Bank and Huawei has marked a great milestone in solidifying this relationship to achieve mutual goals."Copyright Emirates News Agency (WAM) 2011.
