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Contract win coincides with MIAGEN'S new Abu Dhabi office opening
23rd April 2015
MIAGEN, the global forecasting, planning and analysis consultancy headquartered in Ireland, has secured an ongoing contract to consult and implement a financial planning and analysis (FP&A) system for the National Real Estate Company (NREC), one of the largest real estate companies and developers in the GCC. NREC is also the prime developer of Abu Dhabi's USD 1 billion Reem Mall project.
The announcement was made during Enterprise Ireland's trade mission to the UAE, the Kingdom of Saudi Arabia and Qatar, led by Richard Bruton T.D. Ireland's Minister for Jobs, Enterprise and Innovation.
MIAGEN, whose Abu Dhabi clients also include Etihad Airways, Royal Jet and Aramex use a cloud-based software platform designed by US-based Adaptive Insights, to deliver corporate performance management, empowering better decision making by finance and senior management to drive true competitive advantage.
Congratulating MIAGEN, Minister Bruton said, "This is a significant contract for MIAGEN which will lead to job creation both in Dublin and Abu Dhabi. I wish MIAGEN every success in its expansion bringing its expertise to other sectors in the Gulf region."
Established in Ireland, the company has offices in Dublin, London and Abu Dhabi, and specialises in the design and implementation of industry-specific models to solve complex financial planning needs.
MIAGEN recently opened its first office in Abu Dhabi as part of its five-year strategy to increase its staff numbers by 40 people between Dublin and Abu Dhabi, with plans to open additional offices in the GCC.
"This is an exciting time for both NREC and MIAGEN; the development of Abu Dhabi's prestigious Reem Mall and the opening of our office in Abu Dhabi reinforce the importance of having a permanent presence in the GCC," said MIAGEN CEO Teddy Murphy.
"We believe in targeting and working with progressive companies and CFOs who have the desire to innovate and embrace cloud-based technology with all the advantages it can offer over traditional systems," added Murphy.
Brendan Flood, International Sales & Partnering Manager, Enterprise Ireland, who is accompanying Minister Bruton on the trade mission commented: "Enterprise Ireland is committed to growing Irish exports to the Gulf Region to €6BN by 2020. It is through deals such as this one between MIAGEN and the National Real Estate Company that this target will be achieved."
The trade mission to the UAE, Qatar and the Kingdom of Saudi Arabia, which has 63 Irish companies participating, will continue until Friday, April 24, 2015.
For more information visit www.enterprise-ireland.com/trademission
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About NREC
Established in 1973, the National Real Estate Company (NREC) is a publicly listed company on the Kuwait Stock Exchange and a regional pioneer in real estate investment, development and property management. NREC has developed a strong portfolio of retail, commercial and residential real estate in emerging and established markets across the Middle East and North Africa.
NREC is one of the oldest and largest real estate developers in the GCC, with assets exceeding US$2 billion. NREC's portfolio of projects completed or under development, includes office space, mixed-use centres, industrial parks, residential communities and super-regional malls.
High profile developments across the MENA region include:
· The Reem Mall: Super regional mall under development in Abu Dhabi, UAE
· Souq Sharq: The first water front shopping mall in Sharq, Kuwait
· Grand Heights: Residential development of 3.8 million m2 in Cairo, Egypt
· ANREPCO: Warehousing, residential and commercial complexes development of 2 million m2 in Aqaba, Jordan
· Palm City: An exclusive residential community of 400 units in Tripoli, Libya
About Reem Mall
Reem Mall, developed by the National Real Estate Company (NREC) in partnership with United Projects for Aviation Services Company (UPAC), is Abu Dhabi's up and coming entertainment, dining and shopping destination. The project, once completed, will deliver 2 million sq ft of retail, leisure, and dining and entertainment choices with some 450 stores including 85 food and beverage outlets.
About MIAGEN
MIAGEN is a global award winning forecasting, planning and analysis consultancy with offices in Dublin, London and Abu Dhabi. Our team have extensive FP&A expertise across a variety of verticals. We have been partnering with innovative finance companies to deliver world class, award winning solutions for over a decade. As a boutique consultancy, our goal is to Enable Better Decision Making. This is done by automating existing processes and implementing best practices such as Rolling Forecasts, Driver-Based and De-Centralized Planning and through a consultative process and training which does not stop at implementation.
About Adaptive Insights
Adaptive Insights is the worldwide leader in cloud Corporate Performance Management (CPM) and Business Intelligence (BI). Via its software as a service (SaaS) platform, the company offers capabilities for budgeting, reporting, consolidation, dashboards, and business intelligence that empower finance, sales, and other business leaders with insight to drive true competitive advantage. Adaptive Insights are US based and have more than 2,500 clients in 85 countries. MIAGEN have been awarded Adaptive insights Regional Partner of the Year (EMEA) for the past three years.
For media requests, please contact:
Phone +971 (4) 4472501
Email: miagen@tcf-me.com
P.O. Box 29764, Dubai, United Arab Emirates
Fax +971 (4) 447 2505
© Press Release 2015
