Saraya Holdings deploys SAP
Saraya Holdings Ltd., a Dubai-based real estate development and asset management company with projects and services in the travel and tourism industries across the Middle East and North Africa (MENA) region, has selected SAP ERP 6.0 powered by SAP NetWeaver as its technology platform.
- United Arab Emirates: Sunday, August 19 - 2007 at 11:26
- PRESS RELEASE
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| Essam Enany, President SAP Arabia. |
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Saraya's luxurious destinations; include Saraya Aqaba in Aqaba - Jordan, Saraya Dead Sea in Dead Sea - Jordan, Saraya Islands in Ras Al Khaimah - UAE, and Saraya Bandar Jissah near Muscat - Oman.
Given the fast pace of development and the complex demands of building and managing such luxurious destinations, the integrated technology platform will provide an essential system for Saraya to continue to develop its assets across the region.
As a result of the implementation of SAP Business Solutions, Saraya will benefit from better automation and optimization of company processes, thereby reducing costs and consolidating internal controls. 'My SAP ERP' along with 'SAP CRM' and 'RE-FX' solutions will replace stand-alone systems and provide a state-of-the-art integrated software system. Saraya's SAP Business Solutions are expected to 'go live' by the second quarter of 2008.
'SAP solutions will bring enormous benefit to Saraya. They will allow us to interact with our valued stakeholders in a faster, more transparent manner, while reducing our operating costs, and improving efficiency,' said Ali Kolaghassi, Vice Chairman and CEO of Saraya Holdings.
'With company interests spread out across the region, the need for a business solution that consolidates daily operations, supporting strategic planning and decisions was the main driver in selecting SAP solutions,' added Kolaghassi.
'By deploying SAP Business Solutions, Saraya can now look to optimizing and consolidating company procedures in their bid to become the region's leading property developer. SAP has the relevant industry experience to support Saraya,'
said Essam Enany, President SAP Arabia.
'Our products drive innovation and business change, and with the implementation of SAP solutions, Saraya can look forward to streamlining their operations,' added Enany.
According to a comprehensive new study by Gartner, the independent industry analyst group, SAP is the worldwide market leader in ERP software. Established in 1994 in Jeddah and Dubai, SAP Arabia is the sole distributor of SAP products in 19 countries across the Middle East and North Africa. SAP Arabia currently has offices in Jeddah, Dubai, Muscat, Doha and Cairo dedicated to bringing support services closer to customers and partners across the region.
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Notes and media contacts
Saraya Holdings Limited
Saraya Holdings limited, established in 2005, is a real estate development and asset management company investing in the Middle East and North Africa (MENA) region in travel and tourism industries. Saraya's vision is manifested in turning undiscovered natural, rich and unique locations into luxurious destinations. Saraya seeks to support the economic growth of the countries it invests in by developing projects that maximize shareholders' value and contribute to local communities' sustainable development. Through its investment subsidiaries, Saraya has invested in Saraya Aqaba project, currently being developed in Aqaba city, Jordan. While three other projects - Saraya Islands in Ras Al Khaimah-U.A.E, Saraya Bandar Jissah near Muscat in Oman, and Saraya Dead Sea in Jordan - are at various stages of development. Through strategic partnerships with public and private sectors, Saraya provides all facilities and services that a modern city offers; including premium hotels, retail, entertainment, leisure and sport facilities, superb residential units while preserving the natural environment and local cultures.
Saraya also announced Saraya Private Aviation; a Private Jet Charter Operation which is a subsidiary of Saraya Holdings Ltd. Saraya Private Aviation is designed at servicing individuals as well as large corporations, banks and government officials in addition to visitors, tourists and businessmen. Saraya Private Aviation's fleet will grant short and long distance trips, taking off and landing from any destination in the Middle East, North African and Europe, and will commence operations in June 2008.
About SAP
SAP is the world's leading provider of business software*. Today, more than 39,400 customers in more than 120 countries run SAP® applications-from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver® platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol 'SAP.' (Additional information at )
(*) SAP defines business software as comprising enterprise resource planning and related applications such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'project,' 'predict,' 'should' and 'will' and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ('SEC'), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright © 2007 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Dimah Khalili - Media Communication and PR Manager, Saraya
Tel: +962 6 5505444 Fax: +962 6 5561738
www.sarayaholdings.com
Bernhard Braunegger, SAP Arabia, (+971) 4 3301 777, GMT +4 hours
Michael Wallis, Wallis Marketing Consultants, + (971-50) 458-1844, GMT +4 hours
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, August 19 - 2007 at 11:26 UAE local time (GMT+4)
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