Ras Al Khaimah Free Trade Zone selects SAP ERP solution

Ras Al Khaimah, February 28, 2006: Ras Al Khaimah Free Trade Zone, one of the best-equipped free zones in the region, has announced that it has selected the mySAP Business Suite solution to streamline its operations and processes. mySAP is a product of SAP, the world's leading provider of business software solutions. The RAK Free Trade Zone will implement a number of business applications that are both integrated out-of-the box and in line with global 'Best Practices'.

The mySAP Business Suite combines the world's most complete, scalable and effective software for Enterprise Resource Planning (ERP) with a flexible, open technology platform. The Free Zone will implement the software and Free Zone Management System covering Financials (FI/CO), Materials Management (MM), Customer Relationship Management (CRM), Real Estate, HR and Payroll and Free Zone Administration.

Termed "Automation Project", the implementation will be carried out by Vertscape (RAK FTZ will also use their Free Zone Administration application). The applications are expected to give RAK Free Zone a competitive edge by delivering enhanced customer service, higher efficiency, flexibility, scalability and multi-service capabilities.

Commenting on the SAP selection, Mr. Oussama El Omari, Project Director General/CEO, RAK Free Trade Zone, said: "As the Middle East environment becomes increasingly competitive and complex with changing business needs, expert technology will enable us to develop a more customer-centric approach, reduce costs, provide timely responses and thereby become more profitable in the long run. By choosing SAP to implement a single, integrated technology platform across the frontline and back-office processes, we expect increased efficiencies and productivity, boosting Free Zone operations."

"As part of our effort to encourage nationals and put them in supervisory and management positions in the establishment, Zainab Abbas has been trusted to be the Automation Project Manager to oversee the planning and the implementation of the project" he added.

"High technology has become vital in this fast changing world. We have to be fully equipped to be able to provide 100% customer satisfaction and be in pace with the developments" Zainab Abbas said.

The implementation will be a 'Big Bang' approach, in which all the modules will be implemented in parallel. This will lead to top management seeing immediate benefits with higher visibility and insight into everyday operations, allowing them to make more strategic decisions.

Essam Enany, President SAP Arabia, said: "Ras Al Khaimah is yet another example of SAP's continued focus in the Government and Public Sector across the MENA region. The mySAP Business Suite is enhanced by industry-specific features and best practices based on three decades of SAP experience. The solution will help RAK Free Zone reduce Total Cost of Ownership, achieve a faster Rate on Investment, and benefit from a more flexible IT infrastructure that helps drive innovation."

RAK Free Trade Zone has gained a phenomenal 70% growth in the number of registered companies in 2005 and achieved a capital investment value of 750 million Dirhams. Currently, the list of companies at RAK FTZ reveals a global background. Companies from UAE, Iran, India, GCC and 70 other countries in the world have a presence at RAK FTZ. Many of these companies have excellent financial strengths.

The year 2005 has been great for SAP worldwide. Total revenues of the exceeded $10 billion, an increase of 13% compared to 2004, with product sales up 18%. SAP's worldwide market share against its peer group based on software revenues was 62% at the end of 2005, representing a gain of seven percentage points compared to 2004.

Meanwhile, as per the latest IDC study 2004, covering the MENA software solutions market confirmed that SAP was the number 1 player in the region. SAP gained 78% of the 2004 market share in SCM, almost four times more than its nearest competitor. The IDC Study for 2005 is expected to come out later this year.

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About SAP
SAP is the world's leading provider of business software solutions*. Today, more than 32,000 customers in more than 120 countries run SAP software--from distinct solutions addressing the needs of small and midsize enterprises to suite offerings for global organizations. Powered by the SAP NetWeaver platform to drive innovation and enable business change, SAP business solutions help enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP industry solutions support the unique business processes of more than 25 industries, including high tech, healthcare, retail, public sector and financial services. 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 solutions as comprising enterprise resource planning and related software solutions such as supply chain management, customer relationship management, product life-cycle management and supplier relationship management.

About Ras Al Khaimah Free Trade Zone
Ras Al Khaimah Free Trade Zone, the free zone in Ras Al Khaimah emirate of the UAE, is one of best equipped Free Trade Zones in the Gulf region. Due to its strategic location and operational cost factors which includes rentals and human resources, the Free Zone is a major incentive to industrial development and is only a 40-minute drive away from Dubai International Airport.

Backed by legislations allowing 100 per cent foreign ownership, tax-free environment, transparent laws and 100 per capital and profit repatriation, the free trade zone is well-positioned for global commerce. Apart from licensing, the Free Zone also offers a range of unique services which include the legal, Human Resources & marketing assistance, best business requirements like conference halls & meeting rooms with video-conferencing facilities and state-of-the-art satellite connectivity at a competitive cost.

The Free Trade Zone has created a system of three Free Zone Parks - Business Park, Industrial Park and Technology Park - which offer identical advantages and benefits to investors. The Business Park is close to the modern RAK Exhibition Centre, Hilton Hotel and Beach Club and the Manar Mall Shopping and Entertainment Complex.

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Media Contacts:
Sairah Mojib
SAP Arabia +971 50 625 3216
sairah.mojib@saparabia.com

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