MEFTEC 2009 opens to a sell-out audience


BAHRAIN (eTN) – MEFTEC 2009, the fifth edition of the annual banking & financial technology event, opened its doors this morning, attracting more than 150 exhibitors and over 800 delegates from 45 countries.

The show was officially inaugurated by H.E. Rasheed Mohammed Al-Maraj, Governor, Central Bank of Bahrain, together with H.E. Dr Hasan Abdulla Fakhro, Minister of Industry & Commerce, Kingdom of Bahrain. A large number of VIPs and dignitaries were present on the occasion.

Despite difficult market conditions, the show has once again been a sell-out, retaining its status as the world’s leading dedicated financial technology event.

Paul Stott, managing director of the organizers Media Generation Exhibitions Ltd said: “We are very pleased with the results of this year’s MEFTEC. The show has posted positive growth in both exhibitor and delegate attendance, even in the face of the global financial crisis. The success we have achieved this year not only reflects the show’s inherent strengths but also the resilience of the region’s financial industry.”

Under the theme, Leveraging Technology through Turbulent Times, the MEFTEC 2009 conference program features high-profile speakers and case studies from a number of leading institutions, including Barclays, Allied Irish Bank, Bank of Maharashtra, Al Hilal Bank, and Kenya Commercial Bank, among others.

The event’s signature Hosted Delegate Program® has once again been in high demand, with CIOs and senior IT executives from more than 500 financial institutions in attendance.

In a major coup for the region’s event industry, MEFTEC 2009 has become the first event in the Middle East to embrace Web 2.0 and launch its own dedicated online community. Using this powerful networking tool, participants have been successful in pre-arranging more than 1,500 meetings.

The exhibition runs until Wednesday, February 11 at the Bahrain International Exhibition Centre, Hall 1.

MEFTEC 2009 is held under the auspices of the Central Bank of Bahrain and major sponsors include Microsoft, Oracle and IBM, among others.