Indian School of Business (ISB) has recently signed a Memorandum of Understanding (MoU) with the Bahwan CyberTek (BCT) Group of Oman, to offer executive education courses in the Middle East.
Under the agreement, the Centre for Executive Education (CEE) at ISB would deliver executive education courses focused at grooming senior and middle management in the Middle East.
Ramanathan Hariharan, Senior Director, CEE, ISB, and S. Durgaprasad, Director and CEO, Bahwan CyberTek Group (BCT), signed the MoU.
Durgaprasad said, “There is tremendous focus from various governments in the Middle East to look beyond oil. They are looking at creating a knowledge economy. ISB being a leader in executive education, their knowledge and their experience can come handy to build the community in that part of the world”.
Hariharan said, “They are trying to create a knowledge-driven economy which means exposing citizens to new business models, new management practices.”
BCT, an associate of the Suhail Bahwan Group, one of Oman’s foremost business houses, will focus on industry verticals like banking, financial services, government, energy utility industry and infrastructure. The executive education programs will cater to both the citizens of Oman and expatriates.
To start with, the program will be delivered in Oman from September this year for 50 to 100 people in the first year. BCT plans to expand this to the UAE, Qatar, Egypt and other countries in the region.
The MoU with Bahwan comes a few weeks after the ISB signed a similar agreement with the Institute of Business Administration (IBA), Karachi.
ISB will focus on the design and delivery of the programs, which will be conducted by ISB’s globally renowned faculty.
The CEE, which offers open and custom designed programs, is also looking at creating case studies relevant to the region.
BCT, an information technology, products and services company, hopes the spin-off would be multi-fold.
The $110 million company, which operates in four continents and deliver solutions in 20 countries, expects the ISB programs would meet the internal needs of the 1,500-member organization.