Tuesday 19 June 2018

SAP unveils $200m UAE investment plan

DUBAI, March 14, 2017

SAP said it plans to invest $200 million in the UAE over the next five years, underpinning objectives outlined by the UAE Vision 2021 plan to create economic diversity and jobs for youth.

The company made the announcement at the inauguration of its new headquarters for Middle East and North Africa (Mena) in Dubai Internet City.

Speaking at the launch, Luka Mucic, the chief financial officer, said: "Our UAE investment plan and the new Mena headquarters in Dubai affirm our commitment to this strategic market, with public-private partnerships fueling digital transformation, co-innovation, talent development and entrepreneurship."

The first such investment plan worth $450 million had been announced in 2012, he stated.

According to him, SAP is also planning to establish its first cloud data centre in the UAE this year.

"Through the data center, organizations will be able to benefit from SAP cloud solutions, harnessing the real-time capabilities of the powerful in-memory platform, SAP Hana," he noted.

The SAP data center will accelerate innovative business models especially for the UAE’s government, banking and finance and healthcare sectors.

Ammar Al Malik, the executive director, Dubai Internet City (DIC), said: "Throughout the years, DIC has witnessed SAP's phenomenal growth in Dubai and the region, and the inauguration of their Mena headquarters is another significant milestone in our shared history."

"Dubai today is an accelerator of innovation, digitalization, and growth, and DIC is a key catalyst at the heart of the innovation mandate. SAP is one of the most innovative companies in ERP and Cloud solutions, and we look forward to enabling the growth and development of this industry," he added.-TradeArabia News Service

Tags: UAE | SAP | investment plan |

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