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ST Electronics Wins Contract for Central Bank of Oman
Source: ST Electronics 2009/10/28

ST Electronics won a contract worth about US$5 million from the Central Bank of Oman (CBO) to provide security enhancement services for its headquarters and two branches in Oman. The contract is awarded to ST Electronics' subsidiary, STET Homeland Security Services.ST Electronics won a contract worth about US$5 million from the Central Bank of Oman (CBO) to provide security enhancement services for its headquarters and two branches in Oman. The contract is awarded to ST Electronics' subsidiary, STET Homeland Security Services.

The security enhancement project will commence immediately and is scheduled to be completed within a year. ST Electronics will integrate all security devices for centralized and effective security management of the Central Bank of Oman.

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

“I am confident of the capabilities and expertise of STET and CBO project team,” Al Zadjali said. “This project will upgrade the existing security infrastructure and the management at CBO while meeting the expectations of various stakeholders.”

ST Electronics is committed to Middle East security. “The Gulf States is an important market for ST Electronics,” said Lee Fook Sun, President, 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 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.

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.

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