Azerbaijan hires McKinsey & Company to support economic roadmap

27 September 2016

Azerbaijan has hired McKinsey & Company to support the development of an economic roadmap towards 2025, in light of lower expected oil prices. The country is seeking to diversify its economy away from reliance on energy exports.

Azerbaijan is situated in the Transcaucasian region, between Southwest Asia and Southeastern Europe. The country has a population of around ten million with around a quarter living in the capital city of Baku. The country is rich in energy, particularly oil, as well as a range of precious metals. The country has enjoyed large spikes in economic growth, largely due to oil exports – however, recent lower oil prices have placed strain on growth and the country’s finances.

Azerbaijan hires McKinsey & Company to support economic roadmap

In a bid to diversify the country’s economy, given the precarious long-term trends for oil prices, the Azerbaijani government has begun to consider alternative, sustainable, long-term strategies. “We were expecting to enter the post-oil era in about 10-15 years, but we have practically found ourselves in that situation already today," comments Natig Amirov, an aid to the President, in a statement to the Financial Times.

Earlier this year President Ilham Aliyev approved a draft roadmap for the expansion of a range of auxiliary sectors within the economy, as a means of diversifying the country’s long-term economic growth. The plan includes a range of efforts, from supporting key sectors to infrastructure investments. Amirov is leading a special group, tasked with developing plans in line with the roadmap.

To support the development of the plans, the government of Azerbaijan has hired McKinsey & Company. Consultants of the management consultancy will support the development of the road map for the country’s economic development to 2025, of which a new economic model is to attract investors to the country.

McKinsey & Company has in recent months been hired in a number of countries to support economic development, from diversification in Saudi Arabia to an economic vision for Pakistan and mining in Kazakhstan and Kenya.

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Capgemini provides IT services for BAE Systems Maritime-Submarines

24 April 2019

BAE Systems Maritime-Submarines has confirmed a five-year contract with Capgemini to take over the provision of a spectrum of IT services in the UK. The deal will help BAE Systems Maritime-Submarines reduce the cost of IT from its base in Barrow-in-Furness in Cumbria.

Since the firm’s UK profits were found to have halved in 2018, Capgemini has been working to improve its offering and attract new clients. In the summer, the global IT services consultancy combined a number of its creative wings to form Capgemini Invent, while a deal with Amazon Web Services enabled the firm to improve its cost-saving digital offering to clients looking for IT outsourcing work.

In the last year, Capgemini has subsequently won a series of contracts leveraging its IT delivery services on behalf of a variety of entities. The firm partnered with Statoil to deliver digital innovation across the company, as well as taking a role to innovate the fan experience of the Rugby World Cup 7s tournament, and replacing Atos as the IT services provider of McDonald’s

Capgemini provides IT services for BAE Systems Maritime-Submarines

Now, the firm has continued this surge of new business with the confirmation of a partnership with BAE Systems, which will see Capgemini collaborate on a key defence contract. Capgemini’s five-year contract with BAE Systems Maritime-Submarines will see Capgemini take over the provision of a spectrum of IT services for the BAE wing in the UK, including service orchestration, networking, hosting, end-user computing, DevOps, reporting and analytics, automation, and a digital service desk.

BAE Systems has been looking to improve its bottom line in the UK in recent years, and the move is aimed at transforming its Maritime-Submarines business IT delivery, allowing the company to take advantage of innovative digital technologies, create better user experiences, ensure high service availability, and reduce the cost of IT, from its base in Barrow-in-Furness in Cumbria. Capgemini’s IT solution was selected because of its ability to support the company’s evolving requirements, including the need to further enhance the responsiveness of the IT service, and effectiveness and agility of the delivery model.

Stephen Cole, CIO, BAE Systems Submarines, said, “As we embarked on this critical programme for our Submarines business that will deliver improved agile digital services, world-class service transformation and orchestration capabilities underpinned by very strong references were essential in our selection process. We are confident that Capgemini met these requirements and is the right partner for us. The team really understands where we are trying to get to as a business and its collaborative approach alongside its commitment to developing skills in the local area were paramount to our decision.”

Paul Margetts, Managing Director, UK Business Unit at Capgemini, added, “We are delighted to expand upon our business relationship with BAE Systems. Having worked with the company over the past four years, we have seen the tremendous opportunities for change that this programme presents and are hugely excited to be part of the journey at BAE Systems Maritime-Submarines, to help the company make a step change and satisfy new business requirements. We also look forward to increasing our involvement with the local North West community and Barrow in particular.”