National Technology Enterprises Company (NTEC) has marked a noticeable growth in its net profit during the first nine months of the current year amounting to 3.6 million Kuwaiti Dinars leading to a growth of 257 percent in comparison to last year’s 1.4 million Kuwaiti Dinars.

The main indicator of NTEC’s continuous growth is the new management that was appointed by Kuwait Investment Authority (KIA) back in 2010 in order to develop performance.

Executives had mapped out an ambitious strategy which was applied in 2012, targeting NTEC’s image change from a company that solely invests in technology to a company that also develops, implements and manages technology-related� projects to achieve its main establishment goal of transferring technology and knowledge to the country and neighboring Gulf region, localization and development in accordance with local environmental conditions.