RE: RE: Habtoor Leighton JV lands $765m Saudi deal In itself, Habtoor winning a big contract is SA means nothing, except when you add the context of Mint. There is no guarantee that is will do anything for Mint, but when you add up all the peices its certianly favorable. Mint can't prosper if its clients aren't prospering, so its always a good idea to keep tabs on whats going on with the major clients.
1) Saudi Arabia has a wage protection system similar to UAEs. One big difference is that SAs covers all works, not just foregin.
https://arabnews.com/saudiarabia/article583733.ece
2) Mint is currenly is the process of opening a SA office and becoming certified in SA to handle WPS payroll. They also have plans to launch a huge ATM network within SA.
https://www.themintcorp.com/by-product-atms-cdms.php
https://tmx.quotemedia.com/article.php?newsid=48436412&qm_symbol=MIT
3) Some of Mints major clients are already doing business where Mint is opening offices. They have an expression of interest for 96,000 cards already in Qatar from an existing client.
Mint Qatar
Mint is pleased to confirm that the terms of the shareholder's agreement with our local partner have now been agreed and business is expected to commence by April 30, 2012. Mint has existing UAE customers operating in Qatar and has firm expressions of interests to move to contract for these customers and reaffirms its expectation of achieving its 2012 target of 96,000 new payroll cards in Qatar. Once client contracts are signed, further announcements will follow.