CMCS aims to generate 2.5 million euros in sales revenue within the first three years of operation in its bid to become the significant player in the Italian PPM market.
CMCS Italy is a joint venture between CMCS International, which is based in the UAE, and the Italian entrepeneur Dr. Edoardo Narduzzi who has more than 15 years local market experience, having co-founded several business ventures in Italy.
“Our goal is to become a leading local player in Italy, which represents an exciting market for CMCS in Southern Europe and a gateway to other European markets such as Spain, Greece, Portugal, France, Slovenia, Albania, Austria and Switzerland. These are the key markets that we plan to venture into eventually by leveraging our core competnences in two main business sectors – construction and oil & gas,” said Dr. Narduzzi, CEO, CMCS, Italy.
Narduzzi also pointed out that the new development gives CMCS the opportunity to benefit from the possibility of offshoring part of the European activities of the company to Dubai and other Mediterranean and Gulf region offices of CMCS. CMCS Italy will also offer competitive tariffs to Italian customers in the field of specialised training, noted Narduzzi.
“Our expansion is based on a recent study that we have done and which reveals that Project Portfolio Management in Italy is under-supplied. More skilled and referenced professionals are needed while the demand is growing due to complex projects done by major companies and by the Government to renovate the country’s infrastracture,” said Bassam Samman, founder of CMCS and Chairman of CMCS Italy.
The move by CMCS to set up operations in Italy is regarded as the first foreign investment by a UAE-based international company in the Italian market.
Dubai-based Collaboration, Management and Control Solutions (CMCS), a provider of Project Portfolio Management (PPM) solutions in the MENA region has announced its expansion into the European market after opening a new office in Rome, Italy.