Dubai: Business solutions and software developer SAP is to invest Dh1.65 billion by 2015 to train and develop local talent in the Middle East, the company said on Monday.
Speaking at a Dubai press conference, SAP's Chief Financial Officer Werner Brandt said the company "expects to significantly grow its Mena revenues by 2015, building on double-digit compound growth between 2008 and 2011 and establishing the region as one of the company's top 10 growth markets globally."
The company has identified Saudi Arabia, Egypt and the UAE as possible locations for a training and development institute to train 2,000 new SAP consultants over the next three years.
And the company is looking to increase its strategic ties with local universities to allow for develop and train new staff to meet its aggressive targets.
"The decision highlights the region as a fast-growing market and an integral part of the company's overall business strategy," Sam Al Kharrat, the managing director for SAP Mena said.
