Dubai PR Network, Online Press Release from Dubai and Middle East
 
Computer Software(Technology)
Filter PR by
  
Kuwait's Top CIOs Gather To Discuss Country's Innovation Potential
 

German Ambassador To State Of Kuwait Praises SAP's Focus And Investment Ambitions

KUWAIT CITY, Kuwait May 16, 2013 SAP, the world's leading business software company, today reaffirmed its commitment to the Kuwait market by hosting a high-profile, awareness-raising event for local CIOs.

The event was also attended by His Excellency Frank Marcus Mann, the German Ambassador to the State of Kuwait.Kuwait is central to SAP's ambitious investment in the MENA region in the coming years. The company opened new offices in Kuwait City last year to ramp up its local operations, and also hosted its first ever SAP Forum in the country to boost knowledge-sharing and connect with key industries.

Now in its 41st year, and with 238,000 global customers across 25 industries, SAP recently emerged as Germany's largest company by market capitalisation, and has experienced 13 consecutive quarters of double-digit software revenue growth.

MENA is a key market for SAP globally, as it seeks to double its addressable market, reach 1 billion people and generate 20 billion in global revenue by 2015.

At the heart of SAP's Kuwait push are cutting-edge technologies such as SAP HANA, an in-memory computing platform that revolutionises the ability to perform real-time analytics and develop real-time applications. Initially launched in 2011, the technology, which is deployable on premise or in the cloud, has enabled many customers worldwide to speed up business processes by over 100,000 times. Earlier this year, SAP launched Business Suite on HANA, which is the only business platform to successfully combine transactional applications with analytics in-memory.

SAP's investment in Kuwait is hugely welcome, and is set to play a vital part in the country's development and economic diversification, said HE Frank Marcus Mann.

IT innovation is worldwide more important than ever before, and I am delighted that a German company shows its commitment to contribute to this development in Kuwait.

Kuwait represents SAP's third largest market in the Gulf region. According to Business Monitor International, the country's 2013 IT spend is set to reach US$978m a four per cent rise that has been fuelled by oil prices and government investment.

Outside of the business arena, SAP aims to boost local knowledge and stoke vocational skill sets through initiatives like the SAP University Alliance (UAP), which provides faculties with the tools and resources needed to teach students how technology can help enable integrated business processes and strategic thinking.

Supporting existing business, engineering and IT programs, the UAP provides hands-on experience of key SAP technologies, including enterprise resource planning (ERP), and puts theory into practice through demonstrations, case studies and research.

The UAP currently counts 31 members across the Middle East and Africa (MENA) region, and the company aims double that figure within the next four years.

Every day we are growing stronger in Kuwait, said Gergi Abboud, Managing Director, SAP Gulf.

This is an extremely dynamic country that is encouragingly receptive to sustainable development. It has an excellent engineering pedigree, great educational facilities, and is a strongly desired location for high-tech, international companies. There is no doubt that Kuwait represents a hugely exciting opportunity for us as we seek to expand our ability to help businesses and organizations run better through IT innovation in areas such as analytics, mobility, cloud and in-memory computing.


Posted by : Dubai PR Network Editorial Team
Viewed 7344 times
PR Category : Technology
Posted on : Thursday, May 16, 2013  2:48:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : ...
Next Story : SAP Unifies Comprehensive Cloud Portfolio With SAP HANA Clo...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Boss Bottled Infinite: Express Your Inner Self [21173-Views]
Chronoswiss adds beauty in blue to Sirius Chronograph Moon Phase collection [12493-Views]
Mouawad Announces New Partnership With the Miss Universe Organization [11688-Views]
Ralph Lauren Introduces Ralph's Club for New York Fashion Week [11242-Views]
Expect more from your concealer, why settle for less! [8052-Views]
Ncef-reverse Eyes Filorga's New Ground Breaking Eye Care! [7960-Views]
Roberto Cavalli's exclusive new duo of fragrances [7649-Views]
UAE Welcomes Energy Industry's Thought Leaders at World's Most Influential Energy Event [7387-Views]
La Roche-posay Presents an Incomparable Skincare Experience With My Skin Track UV;' the W... [7326-Views]
Ferrari 812 GTS: the V12 spider returns [7283-Views]
ENEC to showcase economic, social and environmental benefits of nuclear energy at World En... [7125-Views]
Tag Heuer Launches First Ever Emerald Green Dial Aquaracer (for Men & Women) in the UAE [6997-Views]
World's First Cartridge-Free Laser Printer Now Available in the UAE [6997-Views]
A touch of elegance with Al Asel [6734-Views]
Tabreed demonstrates commitment to enhancing energy efficiency with ISO 50001 certificatio... [6423-Views]
A Journey of Belief: Caroline Leon goes the extra mile with DHL as she attempts to climb h... [6332-Views]
Corum Golden Bridge Round 39 for elegant lady [6252-Views]
Sony Middle East and Africa launches the new king of full frame mirrorless cameras Alpha... [6204-Views]
The Ferrari F8 Spider: the evolution of the species [6112-Views]
Introducing the Dyson V11TM Absolute cord-free vacuum [5618-Views]
Tissot Carson Automatic Urban vitality [5466-Views]
Trade Up Your Old Device For the Next Level Power Galaxy Note10 [5154-Views]
Energy Transition is Accelerating Across Countries Worldwide According to 2019 World Energ... [5106-Views]
Pan Emirates Home Furnishing welcomes Autumn with its new collection [4917-Views]
Lenovo Launches New Devices: Offering Smarter Technology for All [4904-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories