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Dubai / Emirates Business
SAP SE announced a five-year $200 million (AED 734 million) investment in the UAE, underpinning objectives outlined by the UAE Vision 2021 plan to create economic diversity and jobs for youth. Senior officials participated in the official ribbon-cutting VIP ceremony and inaugurated new SAP MENA headquarters in Dubai Internet City.
Ammar Al Malik, Executive Director, Dubai Internet City (DIC), said, “We are delighted to be formally inaugurating the new SAP MENA Headquarters in Dubai Internet City. 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.â€
SAP also announced plans to establish its first SAP Cloud Data Center in the UAE in 2017. Thro-ugh 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. The SAP data center will accelerate innovative business models especially for the UAE’s government, banking and finance and healthcare sectors. A recent report from Gartner shows that the MENA public cloud services market is set to roughly double, from about USD 1 billion in 2016 to about USD 2 billion in 2020.
“Our UAE investment plan and our new Middle East and North Africa headquarters in Dubai affirm our commitment to this strategic market, with public-private partnerships fueling digital transformation, co-innovation, talent development and entrepreneurship,†said Luka Mucic, Chief Financial Officer and Member of Executive Board, SAP SE. First such investment plan (USD 450 million) had been announced in 2012.
SAP, which was recently announced as a Premier Partner
for Expo 2020 Dubai, also launched its first Co-Innovation Lab (COIL) in the UAE, its 15th lab across the globe, facilitating project-based co-innovation with
customers and partners.