Cisco Systems (CSCO) Tapped for $17B Bahrain's Digitization Drive

Cisco Systems Inc. (NASDAQ:CSCO) is one of the best 52-week high stocks to buy now. On July 15, it was announced that the company had signed a deal to provide digital solutions to enhance Bahrain’s government information and telecommunications infrastructure.

The deal is part of a sweeping $17 billion partnership between Bahrain and US companies. As the Gulf nation moves to become a leading tech hub, it has turned to Cisco to overhaul and enhance its telecom and information networks. The deal was announced as part of the Bahrain crown prince’s visit to Washington.

International tech leaders, such as Cisco, may see additional opportunities in the future as the region is poised to unlock growth in cloud computing, fintech, and logistics by prioritizing network upgrades and technological advancements.

Cisco Systems Inc. (NASDAQ:CSCO) is a technology company that develops, manufactures, and sells networking hardware, software, and services. It also plays a significant role in AI and data centers by providing the infrastructure, security, and management solutions necessary to support AI workloads.

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Disclosure: None. This article is originally published at Insider Monkey.