Saturday, November 16, 2024 07:25 PM
Hexalyze makes its debut at Singapore Tech Week, showcasing Pakistan's IT potential and expanding into the ASEAN market.
KARACHI - In a significant development for Pakistan's information technology sector, Hexalyze, a prominent IT exporting company, is making its debut at the prestigious Singapore Tech Week. This event, known for showcasing cutting-edge technology and innovation, serves as a platform for companies worldwide to connect and collaborate. Hexalyze is participating under the banner of "TechDestination Pakistan," highlighting the growing potential of Pakistani IT firms in the global market.
Saad Shah, the CEO of Hexalyze, expressed optimism about the future of Pakistan's IT industry. He stated that Pakistani companies are now actively seeking to explore new markets, particularly in the ASEAN region, with Singapore as a key entry point. Historically, many Pakistani firms have concentrated their efforts on the United States market, but the landscape is changing. With the establishment of offices and participation in significant tech events like Singapore Tech Week, Pakistani companies are broadening their horizons.
Hexalyze has taken a proactive step by opening an office in Singapore, aiming to tap into the vast opportunities within the ASEAN region. This strategic move is expected to enhance the company's ability to attract clients and secure business orders. The presence of Ms. Rabia Shafiq, the High Commissioner of Pakistan in Singapore, at the Hexalyze pavilion underscores the importance of this initiative. Her visit not only provided support but also encouraged the efforts of Pakistani companies striving to make their mark in the international tech arena.
Singapore Tech Week is renowned globally, featuring over 500 international exhibitors. The event serves as a melting pot of ideas and innovations, making it an ideal venue for Pakistani companies to showcase their expertise in various fields of information and communication technology (ICT). According to estimates, Singapore is poised to be a leader in technology development, with its ICT market size projected to grow from $47.88 billion in 2024 to $76.67 billion by 2029.
Highlighting the significance of this event, Muhammad Umair Nizam, Senior Vice Chairman of P@SHA, emphasized Singapore's role as a crucial market for Pakistan's IT exports. He remarked, "This is our first participation in STW, and we see tremendous potential for collaboration. We aim to have an even larger presence in future editions." This sentiment reflects a broader ambition among Pakistani IT companies to establish a strong foothold in the global technology landscape.
As Pakistani IT firms continue to expand their reach, the participation in events like Singapore Tech Week is not just about showcasing products and services; it is about building relationships and fostering collaboration. The strategic role of Singapore as a global technology hub presents a unique opportunity for Pakistani companies to enhance their visibility and drive growth. With the right support and continued efforts, Pakistan is well on its way to becoming a leading player in the global tech export market.