The Gulf-Romania Investment Council (GRIC) facilitated the business partnership between the Romanian tech company, Bunnyshell, and the Middle East Telecommunications Company and Affiliates (METCO). The two companies initiated their discussions during the RO-UAE Tech & Energy Summit, organized by GRIC in November 2022, in Abu Dhabi, UAE.
GRIC closely monitors the development stage of the projects resulting from the RO-UAE Tech & Energy Summit event in order to facilitate an efficient collaboration process. At the same time, GRIC works to interconnect businesspeople from Romania with those from member states of the Gulf Cooperation Council (such as UAE, Kuwait, Saudi Arabia, Bahrain, Oman, Qatar) also in the fields of energy, food and agriculture, real estate, logistics, tourism and others.
A series of private meetings and follow-up discussions also took place during this year to facilitate dialogue and the construction of concrete ways of collaboration.
"GRIC is a facilitator for aligning the business interests of Romanian companies with those of the GCC region, an area with huge growth potential that includes some of the most active, visionary and economically relevant investors worldwide. There are countries, like the United Arab Emirates, which are succeeding in becoming global platforms for innovation and business development", says Paul Gheorghiu, The Gulf-Romania Investment Council’s Chairman.
“We are optimistic that through this new partnership we will capitalize on the extensive expertise of the METCO company in the field of digital transformation. From Bunnyshell's scaling perspective, the Arab markets in the Gulf are currently generating numerous opportunities in the field of digitization. Companies which activate in important fields in the UAE see innovation as a strategic priority and the METCO team's experience in the tech sector will support us in our efforts to penetrate the Arab markets, and this will generate future potential for development and investment in the tech sector from Romania", said Alin Dobra, CEO & Co-Founder Bunnyshell.
Through the Memorandum of Understanding signed between GRIC and the UAE International Investors Council, during the RO-UAE Tech & Energy Summit, organized by GRIC in November 2022, in Abu Dhabi, the foundation which facilitates investments from the UAE in the Romanian business ecosystem was built. The UAE International Investors Council represents multiple groups of companies highly relevant to the region, which develop billion-dollar businesses, such as Mubadala, ADNOC, Dubai Investments, Majid Al Futtaim, ADIA, ADQ, Emirati Investment Authority and Sharhaj Asset Management, and so on.
About The Gulf – Romania Investment Council
The Gulf – Romania Investment Council has undertaken the mission of developing, supporting and promoting the commercial and investment cooperation between the economic and business environments in Romania and the Gulf Cooperation Council (GCC) region, by creating relational platforms that capitalize and enhance the economic, social and cultural environments. Our organization has presence both in Romania and in the GCC region, constituting a solid foundation for supporting economic initiatives between the two regions. GRIC represents a series of important organizations and companies, which operate in various fields and have the necessary credibility and financial strength to implement large-scale projects.
Bunnyshell is a Environments as a Service platform that simplifies the creation and management of full-stack environments for development, staging and production, so the development team can deliver software faster and focus on building great products.
Middle East Telecommunications Company (METCO), established in 1978, is one of the fastest growing companies in the region. Metco is present in Kuwait, UAE, Saudi Arabia, Iraq, Sudan, Oman. The company is a leading provider of information and communication technology solutions for telecommunications operators, private enterprises and government institutions.
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