Leading Middle East Software Company Helping UAE. Businesses and Retailers Prosper from AED10 billion. Retail Sector with its ERP Solution
Dubai, 29 July 2007: Dubai, its annual Summer Surprises shopping festival in full swing with nearly 2 million shoppers spending over 2.5 billion dirhams in just 9 weeks, is in the midst of a retail boom.
With a host of newer retail developments such as Festival City, Uptown Mirdiff and Mall of the Emirates seeing record numbers of visitors, Dubai is more than ever before seen as a leading global retail destination, a fact confirmed by new research undertaken by leading Middle East retail software supplier LOGO Business Solutions.
"With an expanding population, new shopping malls and shoppers hungry for luxury designer brands, the UAE retail sector is worth an incredible 10 billion dirhams per annum," commented Ali Guven, CEO of LOGO.
The sound of ringing checkouts is good news for LOGO, the leader in the US$270 million GCC retail Enterprise Resource Planning (ERP) software market, as Guven explains: "On the back of record GDP figures and oil approaching US$80 a barrel, the GCC retail sector is experiencing phenomenal growth. This is encouraging more businesses to set up, existing companies to expand and attracting a number of new multinational retail and commercial businesses to the UAE."
"With more rivals, some of the global brands and retail businesses realise their software systems need to keep pace, helping them compete in the new marketplace. Global retailing with suppliers across the world, using multiple currencies and languages, means retailers need to have modern software to cope with current business demands," added Loey Osman, LOGO's International Managing Director.
As the Middle East's leading ERP reseller, LOGO has noted a recent trend in UAE retailers seeking adaptable business software solutions. "Since LOGO opened its new Dubai-based international headquarters opened in May, sales figures for LOGO UNITY, our specialist retail solution, have shown impressive growth," said Loey Osman, LOGO's International Managing Director.
As global brands such as Harvey Nichols, Zara, Boots and Gap become familiar names to GCC shoppers, Osman sees the region's retail businesses adapting to meet the challenge of increased competition and higher customer expectations.
"With more businesses in the marketplace, existing businesses find profits threatened and need a competitive advantage. Businesses both large and small, in retail and other sectors, are fast realizing ERP software can give them that advantage. As a company, LOGO is delighted to contribute to GCC economic success. With 150,000 customers in 30 countries, we have great experience in helping local businesses identify the software solutions they need in today's fast-paced business markets," added Osman.
LOGO predicts long term GCC economic prosperity, so much so they have decided now is the ideal time to expand regional operations. A respected and successful ERP software name in Europe and the Gulf, LOGO is responding to the growth of the GCC economy and the resulting demand for business software.
Logo is increasing its presence in UAE, with more suppliers, installers and technical support staff, backed by our international headquarters in Dubai's Internet City, LOGO is working with businesses to ensure they contribute to, and benefit from, the countries economic success.
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About Enterprise Resource Planning
Enterprise Resource Planning systems (ERPs) integrate all data and processes of an organization into a unified system. A typical ERP system will use multiple components of computer software and hardware to achieve the integration. A key ingredient of most ERP systems is the use of a unified database to store data for the various system modules.
ERP delivers a single database that contains all data for the software modules, which would include manufacturing, Engineering, Supply Chain Management, Financial, Projects, Human Resources and Customer Relationship Management.
About Enterprise Resource Planning market
Worldwide the ERP market will grow 7.7% and the supply chain management market will grow 6.8% through 2009, worldwide revenues rising to $64.8 billion USD in 2009, up from $47.8 billion in 2004, according to analysts at AMR Research.
Worldwide ERP applications grew 5.2% annually in 2005 as the market deals with mergers, on-demand and technology advances. Financial applications and Europe were the largest segments with 42% and 44% market shares.
For further information/interview requests/images/product demo's please contact:
Annie Kechichian
GCI Public Relations
Qatar
Tel: + 974 428 3144
Email: Annie.Kechichian@gciqatar.com
Karim Bassatne
GCI Public Relations
Dubai
Tel: + 971 502150057
Email: karim.bassatne@gciqatar.com
© Press Release 2007
