Regional Smart Cities to Spend $2.3 Billion by 2020

The UAE’s government-led Smart City projects are driving regional Smart Cities to spend a record high of $2.3 billion by 2021, and using technology innovations to transform people’s daily lives, industry experts announced today ahead of GITEX Technology Week. As countries across the Middle East ramp up their Smart Cities developments – especially the UAE, along with continued momentum in Oman and Egypt – the Middle East and Africa Smart Cities market is set to grow by 83 percent from $1.26 billion in 2018 to $2.3 billion by 2020, according to IDC.

Supporting Smart Cities innovation, at GITEX, global technology company SAP will exhibit under the theme “The Intelligent Enterprise,” with a central showcase of “Life in the City Reimagined for the Digital Age.” Six customer journeys will demonstrate how technology innovations in artificial intelligence, machine learning, blockchain, and Big Data can foster equality, spread opportunities, and transform the way that people live and work.

Showcases will include business and family trips with autonomous vehicles, personalized mobile ordering, and environmentally-friendly designs and incentives. Visitors can also experience Intelligent Living demos across aviation, banking and finance, public sector, retail, and telco.

“Record-high spend on the Middle East’s Smart Cities shows the mass transition of the region’s enterprises in becoming ‘‘Intelligent Enterprises,” said Gergi Abboud, Senior Vice President and General Manager, SAP Middle East South. “GITEX Technology Week is an ideal platform to showcase how Intelligent Enterprises and Smart Cities can leverage data more effectively to draw meaningful insights that can transform citizen services, enhance daily lives, and ultimately make the world run better.”

Helping to catalyze Smart Cities growth, SAP is seeing strong progress on its 5-year USD 200 million UAE investment plan and recent opening of a UAE public cloud data centre. SAP co-innovates with the UAE’s Smart City leaders, including Area 2071, Expo 2020 Dubai, The Executive Council of Dubai, and wasl.

“The UAE is a global Smart Cities pioneer, with GITEX driving awareness on the need to combine emerging technology innovations on one digital platform to transform citizen experiences,” added Gergi Abboud. “In an Intelligent Enterprise and Smart City, Artificial Intelligence is the brain, the Internet of Things is the nervous system, and blockchain is the trust.”

During GITEX, visit the SAP stand at the Dubai World Trade Centre – Hall 6 from 14-18 October 2018. Visitors can experience solutions running on the SAP HANA in-memory platform, SAP S/4HANA real-time business suite, SAP C/4HANA customer experience solutions, and SAP Leonardo digital innovation system.

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Chris Fernando

Chris N. Fernando is an experienced media professional with over two decades of journalistic experience. He is the Editor of Arabian Reseller magazine, the authoritative guide to the regional IT industry. Follow him on Twitter (@chris508) and Instagram (@chris2508).

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