Facebook Inc. (FB), the social networking company that listed last week in one of the largest initial public offerings in U.S. history, will open an office in Dubai, a move aimed at capturing more advertisers from the Gulf Cooperation Council, or GCC region, people familiar with the matter said.
The office will focus on dealing with advertisers from the Gulf, while digital advertising solutions company Connect Ads will continue to handle advertising from Egypt, Iraq and Pakistan on behalf of Facebook, one person familiar with the plans said.
Facebook will set up in Dubai Internet City, one of the emirate’s free zone business parks, with an initial staff of three people.
Dow Jones Newswires
May 22
