SAP to operate its flagship SAP Business Network out of Riyadh, expanding local and global trade opportunities

  • Announcement at LEAP sees Saudi public and private enterprises gain access to a network with annual trade transactions worth more than US$5 trillion

SAP Ahmed AlFaifi LEAP 1


RIYADH, KSA – At the LEAP technology event in Riyadh, SAP announced the establishment of its global SAP Business Network within Saudi Arabia. The move will enable Saudi public and private enterprises to trade, buy and sell on the world’s largest business digital network in 190 countries, with millions of trading partners conducting transactions worth more than US$5 trillion annually.

The announcement was made by Ahmed AlFaifi, Senior Vice President and Managing Director, SAP Middle East & Africa North, who said, “As part of our increased investment in Saudi Arabia, we are very pleased to launch the SAP Business Network in the Kingdom. This launch will contribute to achieving the objectives of Saudi Vision 2030 as it offers immeasurable trade and supply opportunities, positions KSA as global logistic hub, grows non-oil exports in addition to supporting the Kingdom’s sustainability efforts.

As part of the SAP Business Network, buyers, suppliers, logistic providers, financial institutions, and original equipment manufacturers will be connected on one trading platform. Bringing the SAP Business Network to be hosted in KSA will further position Riyadh to be a global digital and trade hub.

About SAP:

SAP’s strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives.