Cisco's CEO on sales growth in the Middle East

There is a very interesting post on Ed Sim's blog (founding member and Managing Director of US-based Dawntreader Ventures) quoting an interview of Cisco's CEO John Chambers. In the interview John Chambers mentions:

- Cisco is seeing growth of nearly 50% a year in its sale of networking systems in emerging markets like Saudi Arabia.
- A large sales force of Cisco representatives is now making the case for oil-rich nations to invest in networks as a way to improve health care in those countries and create high-value jobs
- Today such countries represent 10% of Cisco's sales, but Chambers thinks they will contribute 30% to 50% of future growth

Ed Sim himself confirms that a couple of his fund's portfolio companies have also found great sales opportunities in the EMEA region. Read his post.