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 7448 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
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
Back to Section Home

Related Stories

Most Viewed Press Release posted in the last 7 days
Foreo Set to Break the Beauty Stratosphere According to Experts [6978-Views]
Mother's Day Gift Guide 2020 [6625-Views]
Dina Akesbi joins Clio Beauty on the Professional Beauty GCC Mainstage on 18th Feb! [5453-Views]
St Valentine's Day' [5405-Views]
6 Trends That Will Dominate Beauty in 2020 According to Foreo [5374-Views]
Korea's Number One Beauty Brand Innisfree All Set to Celebrate the Grand Opening at the Du... [4996-Views]
Jaguar Land Rover on Tour Sheikh Hamdan's Falcons Dominate Hurr Category in Fakhr Al Ajyal... [4898-Views]
V-Motif Western [4880-Views]
Costa Coffee Introduces 4u Healthy Food Range Across All UAE Stores in Partnership With Le... [4825-Views]
Corum Admiral's Cup Legend 47 Worldtimer' [4801-Views]
Rado True Thinline Les CouleursTM Le Corbusier' [4801-Views]
5 Ways To Bring Spring's Top Trends Into Your Wardrobe [4770-Views]
HONOR Launches the Iconic Glass Designed HONOR 20 in the UAE [4703-Views]
City of Gold Rewarded 200 Jewellery Shoppers With 4 Million Worth of Dubai City of Gold Co... [4685-Views]
Made in Italy: Top Picks from the Latest Deborah Milano Make-Up Range [4544-Views]
Introducing Zeitun Premium Face Care Collection [4185-Views]
Samsung's New Galaxy S20 Now Available for Pre-Order in the UAE [4105-Views]
SPORTMAX 50th Anniversary Capsule Collection [4099-Views]
Marks & Spencer, Britain's Best Loved Denim [4044-Views]
Dubai Customs Graduates 1st Batch of Dubai Customs Leaders Program [4032-Views]
Team Abu Dhabi Riders Grab Double Triumph On Dramatic Race Day in Kuwait [3995-Views]
Italian Food Exports to the UAE Increases by 11%, Reports ITA Ahead of Italian Participati... [3983-Views]
Aston Martin DBX Makes First Public Appearance in UAE [3953-Views]
Union Coop to Sponsor the FAZZA Championships for People of Determination 2020 [3916-Views]
AS World Group Global Roadshow Promotes Expo 2020 Dubai at 33rd African Union Summit in Ad... [3898-Views]
RSS Facebook Twitter LinkedDin
Top Sections
Top Stories