SAP invests $200m in the UAE
SAP opens new headquarters in Dubai Internet City
SAP has opened its new MENA headquarters in Dubai Internet City.
Ammar Al Malik, 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."
The business software maker also announced a five-year $200m investment plan in the UAE with plans to create economic diversity and jobs for the youth.
The SAP HQ will serve as the hub for SAP's Training and Development Institute (TDI), offering to upskill thousands of students and young graduates, and successfully implemented programs to sponsor and empower entrepreneurs in the UAE and across the region
Luka Mucic, chief financial officer and member of the Executive Board, SAP SE, said: "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."
SAP also unveiled plans to establish its first SAP Cloud Data Centre in the UAE this year. This move will enable organisations to benefit from SAP cloud solutions, and to utilise real-time capabilities from SAP's HANA platform.