GCC’s tripling cloud market to accelerate UAE’s ‘innovation economy’, says SAP

Comment made following high-level meeting between SAP, Abu Dhabi’s Mubadala

Tags: Cloud computingMubadala Development CompanySAPUnited Arab Emirates
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GCC’s tripling cloud market to accelerate UAE’s ‘innovation economy’, says SAP Khaldoon Khalifa Al Mubarak, managing director and group CEO of Mubadala Development Company (second from left), met with Bill McDermott, CEO of SAP (centre) to encourage IT innovation in the UAE.
By  Stephen McBride Published  February 14, 2015

The GCC's tripling cloud market is set to drive the UAE's "innovation economy", according to a statement from SAP, following a high-level meeting between its executives and the management of the Abu Dhabi government's investment arm, Mubadala Development Company.

SAP cited Frost & Sullivan predictions that the GCC's cloud market will grow from $58m in 2013 to $216m in 2020, with the UAE taking a "leading role in cloud security".

Khaldoon Khalifa Al Mubarak, managing director and group CEO of Mubadala, this week met with Bill McDermott, CEO of SAP.

"Global businesses are continuing to look at innovative ways to manage their operations, particularly with the cloud becoming increasingly important for ensuring the security and sustainability of the rapidly growing knowledge-based economy," said Al Mubarak.

"Since my first meetings back in 2011, it is clear that UAE's leaders and businesses continue to be early adopters of the latest innovation trends," said McDermott. "We believe that the cloud, big data, and a consumer-grade user experience will continue to change the way business is done and shape the future of the UAE's digital economy."

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