Manama : The Kingdom’s investment promotion agency, Technacy, a technological solution provider, is set to expand its operations in the Bahrain with a $ 3 million investment with the support of the Bahrain Economic Development Board (EDB).
Technacy aims to introduce cutting-edge tech solutions for communication and interactive multimedia to the Kingdom, including internet protocol TV (IPTV) services, pay TV services, OTT applications, on-demand viewing, and analytics.
The company is targeting strategic partnerships with telecom providers, large-scale commercial and residential projects, real estate developers, and hospitality brands.
Technacy is aimed at streamlining the IPTV architecture innovation, product planning and design mechanism, making the process efficient for the client and the ultimate viewing experience for the consumer.
“In line with the Kingdom’s Economic Recovery Plan and as part of our strategy to create a more sustainable and diversified economy, we are committed to establishing Bahrain as a hub for digital innovation,” Business Development for ICT Executive Director at EDB Musab Abdulla said.
“We are pleased to support Technacy’s expansion, which will have a positive impact on its digital economy,” he commented.
“Bahrain has established itself as a digital transformation leader in the region, with a world-class ICT infrastructure and increasing pipeline of large-scale commercial and residential projects providing the perfect environment for us to expand our offerings within the Kingdom,” Business Development and Partnerships Manager at Technacy Athul Thomas Benny said.
“Our American software R&D and European hardware development partnerships will take centre stage in our plans as we aim to revolutionise our clients’ TV viewing experience,” he added.
Headquartered inf Bahrain, Technacy serves clients across the region, including in Saudi Arabia, the UAE, and Egypt.
In addition to its tech solutions for communication and interactive multimedia, Technacy offers a wide range of services, including software development, hardware customisation, mixed reality applications, interactive design, and system integration services.
