Citi to launch technology hub in Bahrain

On Monday, September 27, Citi bank announced the launch of its global technology hub at its Bahrain offices. 

This marks the firm’s first tech hub in the region, and it is especially noteworthy because the firm plans to employ 1,000 coders over the next ten years.

As a means to reach this goal, Citi plans to hire 100 new employees annually for the next decade. These new hires will start out assigned to the lender’s two primary platforms – Citi Velocity and Citi FX Policy. 

Speaking on the issue, Ala Saeed, Citi FX’s global Head of Electronic Platforms and Distribution said: “choosing our two major systems to grow from here in Bahrain is a great endorsement of the talent and potential of the people that we have found here”.

As the hub is planned to operate out of Citi’s Bahrain campus, it is being set up in partnership with a government-funded Labor fund. Also, Bahrain’s Economic Development Board (EDB) is committing a sizeable amount in investment to it.