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Jordan 2006

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Emerging markets must not be ignored by US business


Clement Maamarbachi

AMDS Arabia Ltd is a group of companies that work in support of business in emerging markets of the Middle East and Central Asia, providing such things as computer solutions, networking, cabling, site preparation, electromechanical systems installation, and setting up of power and distribution systems.

MDS Holdings Group started in Lebanon in 1967, the company manages immediately felt at ease conducting business in Jordan owing to a similar business mentality. "We believe there is potential in Jordan" said Clement Maamarbachi president of MDS Arabia Ltd. "The legal system here gives you a lot of protection. The freedom of transactions…, currency transactions, legal status, security and human rights conditions are just right for conducting business in a secure manner and to expand your business."

Maamarbachi who has lived in numerous countries around the world, says that Jordan knows how to make people and businesses alike feel secure and safe. "If this weren’t the case, we never would have expanded into three operations in Jordan". Says Maamarbachi, whose home was destroyed in an attack upon the compound in Saudi Arabia several years back. "I believe that here [in Jordan] everything is under control".

With 140 Jordanian employees, the company’s claim to fame its work in IT-installing mainframe computers, providing data communications, as well as LAN and WAN. If a new hotel is going to be built somewhere in countries like Egypt, Iraq, Kazakhstan or Bulgaria, MDS Holdings will do the site preparation, install the computer systems, make sure that the most modern of security systems, access card systems, backup power generation and fire alarms and protection systems are in place.
Moving into East Europe shortly after the fall of communism, MDS Holding Group geographical spread triangulates from the savamah of Africa, the steppes of Asia, to the forests of the Baltic. "We believe in stability by diversity," said Maamarbachi.

Most of the company’s representation is American companies such as IBM, Hewlett Packard, Liebert, Sunguard and Apple. MDS Holdings is planning to expand its operations, as 2005, to use the words of Frank Sinatra, was a very good year. Over that period the MDS Holding Group of companies generated some $650 million, with expectations for 2006 in the range of $850 million, and the billion dollar threshold thereafter. Such expansion is expected to come via acquiring more representation, most likely with American companies.

As president of one of the five sub-holdings making up MDS Arabia Ltd., Maamarbachi’s territory covers, in addition to Jordan, the Arabian Peninsula, to Iraq, as well as Palestine and Central Asia.

An electromechanical engineer by academic training, Maamarbahci knows well the intricacies of the kinds of systems with which MDS deals. In his capacity as president of one of the holding, be somehow manages to stay atop new developments in technology, citing a French term called "New Wave," in which one trend comes to the fore peaks, then falls off while another technology comes along, at which time he jumps from wave to wave. "This is the way the MDS group is following," says Maamarbachi.

"I encourage a lot of American companies to look more closely and make more analysis in terms of conducting more business in this region," says Maamarbachi, who sees the huge potential in this region, but thinks companies should devote more time doing their due diligence rather than rely solely upon what is seen in the media.


SPONSORS

Arab Bank
Ayla
Sky Real Estate Investment Co.
AQABA development Corporation
GreenLand/KURDI Group
KADDB
Mawared Real Estate
Jordan Dubai Capital
MobileCom
TEAM
International Projects Director
Ambassador (ret.) Michael Ussery
Country Manager
Issa Matalka
Senior Writer
John Rosenberg
Deputy Director/Jordan
Balsam Maayah
Economic/Commercial Adviser
Dr.Hassan Al Barmawi
Project Assistant
Sharleen Sawalha

 

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