ST Electronics wins S$7m Oman Bank contract
ConvergenceAsia staff
30/10/2009

ST Electronics, the electronics arm of ST Engineering, has won a contract worth about S$7m from the Central Bank of Oman (CBO) to provide security enhancement services for its headquarters and two branches in Oman.

The contract which is awarded to ST Electronics’ subsidiary, STET Homeland Security Services, will commence immediately and is scheduled to be completed within a year. ST Electronics will integrate all security devices for centralised and effective security management of the Central Bank of Oman.

The Central Bank of Oman is the sole national regulator of the financial system in Oman as well as an advisor to the Government of the Sultanate of Oman in national economic policies. With its headquarters located in Ruwi, it has two branches in Salalah and Sohar in Oman.

“Security is an ever-changing and evolving activity in today’s world, and organisations need to have effective centralised integrated security solutions to protect themselves from ever growing exposures and threats. There is a need for an integrated security solution, especially for CBO, as it serves the finance sector, government and international institutions,” said H.E. Hamood Sangour Al Zadjali, Executive President, Central Bank of Oman.

STET Homeland Security Services is associated with the central bank for the last two years. They started with providing the security consultancy to CBO and now will be designing, supplying, and installing, testing and commissioning the whole security management system.

Lee Fook Sun, President, ST Electronics said The Gulf States is an important market for ST Electronics. “Having provided security consultancy over the past few years, this contract represents yet another milestone in our entry into the Oman market. Our capabilities and track record in providing robust infocomm solutions, information security as well as homeland security solutions enable us to offer our clients end-to-end solutions that encompass both software and systems security as well as intelligent building and access management.”

STET Homeland Security Services specialises in independent security consulting, engineering solutions and training. The full range of services includes security audits, security master planning and design, solution implementation, project management and security training.

advertisement