02/05/2016 07:56 AST

Digital transformation can double Qatar’s commercial output to over $4bn by 2019, leading organisations agreed at SAP Qatar Forum yesterday. At the forum, Qatar’s energy, public sector, transport, healthcare, and construction leaders emphasised the role of real-time insights in the Internet of Things era and Digital Economy.

With hyper-connectivity and e-commerce, Qatar’s business-to-business and business-to-consumer markets are set to grow from $2.3bn in 2014 to $4.3bn in 2019, according to the Ministry of Transport and Communications.

Nakilat, which hosts the world’s largest LNG shipping fleet, with its partner Fujitsu, has deployed the SAPHANA private cloud platform for real-time financial and ERP insights.

“In an era of lower oil and gas prices, now is the time for Qatar’s oil and gas companies to invest in the next wave of technology. Real-time analytics are helping Nakilat to transform our supply chain, while fuelling research and development to ensure Qatar remains a world hub for energy innovation,” said Hamad Rashid Suwaid, Information Technology Manager, Nakilat.

Abdullah Abdulghani and Brothers (AAB), one of Qatar’s largest auto dealerships, with partner HICRON, received an SAP EMEA Quality Award for its business transformation project.

“AAB is committed to helping businesses and residents receive the best customer service. The real-time analytics platform has streamlined AAB’s supply chain, enhanced the customer experience, and helped to diversify products and services,” said Dr Nasser Abdulghani Al Abdulghani, Acting CEO, AAB.

During his keynote speech, Steve Tzikakis, Senior Vice President and General Manager, SAP South Europe, Middle East, and Africa, emphasised that mega-trends such as hyper-connectivity, computing power, cloud, and the block chain are transforming how we work, live, and communicate.

“Qatar’s organisations are amongst global leaders in using a digital core to transform in today’s Digital Economy. The Digital Transformation of their organisations is a catalyst for diversified economic growth, which is aligned with Qatar National Vision 2030. Visionary CEOs are using cloud-based real-time insights to make quick, decisive actions, expand services, and drive omni-business models. This results in a simpler, agile organisation, which delivers new levels of customer engagement,” said Steve Tzikakis.

At the Qatar Forum, SAP also demonstrated the power of the next-generation SAP S/4HANA business suite, which runs on the real-time SAPHANA platform.


The Peninsula

Ticker Price Volume
SABIC 114.77 5,915,941
Saudi Public Investment Fund signs agreement with Six Flags to create amusement park in Riyadh

05/04/2018

Saudi Arabia's Public Investment Fund (PIF) has signed an agreement with Six Flags to develop and design an amusement park in Riyadh. Six Flags, the world’s leading international amusement park compa

Arab News

Green energy drive will boost KSA employment: Saudi Arabia’s renewable energy chief

05/04/2018

In an exclusive interview with Arab News, Turki Mohammed Al-Shehri explains how an expanding renewables industry will boost employment as well as pave the way for a greener future.

A massiv

Arab News

Dubai house prices, rents drop in first quarter of 2018

05/04/2018

Dubai’s residential property market continued to soften in the first three months of this year, in line with analysts’ forecasts, with rental values recording a more pronounced fall than sales prices

The National

Saudi Arabia lifts GCC index buoyed by strong oil prices

05/04/2018

Buoyed by a strong oil price of $70 per barrel, Saudi Arabia’s Tadawul shot up by over 6 per cent in March 2018, according to Kuwait Financial Centre’s (Markaz’s) recently released Monthly Markets Re

Times of Oman

Banks’ real estate credit at QR147.7bn

05/04/2018

Qatar banks’ combined credit facilities to real estate sector rose by QR17bn to QR147.7bn in 2017. The banks’ credit to various sectors stood at QR911bn at the end of 2017, up from QR839bn recorded i

The Peninsula