Citibank Group launched a global technology center in its offices today Monday in Bahrain, the first of its kind in the region, with a goal of hiring 1,000 programmers over the next decade.
A Citi executive said the center, which is located in Citi’s headquarters in Bahrain was established in collaboration with Tamkeen, a government-funded labor fund, and the Bahrain Economic Development Board.
Under the plan, Citi will employ at least 100 people per year in work related to programming for the next 10 years.
Alaa Saeed, CitiForex’s global head of electronic platforms and distribution, said the new employees will initially work on two of the bank’s main platforms, Citi Velocity and Citi Forex Pulse.
“The choice of two of our pioneering systems to be developed here in Bahrain is a great recognition of the talent and competence of the people we have found here, “he added.
Tamkeen chief executive Hussein Muhammad Rajab said Tamkeen will bear part of the salaries and cover training costs locally and overseas, without disclosing the numbers.
Bahrain, where Citi has been operating for 50 years, has tried to market itself as a fintech hub in Middle East and North Africa>
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