Qatar B2C, B2B To Grow To USD 4.3 Bn By 2019

With hyper-connectivity and e-commerce, Qatar’s business-to-business and business-to-consumer markets are set to grow from USD 2.3 billion in 2014 to USD 4.3 billion in 2019, according to the Ministry of Transport and Communications.

Leading organizations discussed this growth at the the SAP Qatar Forum, where Qatar’s energy, public sector, transport, healthcare, and construction leaders emphasized the role of real-time insights in the Internet of Things era and Digital Economy.

“In an era of lower oil and gas prices, now is the time for Qatar’s oil and gas companies to invest in the next wave of technology. Real-time analytics are helping Nakilat to transform our supply chain, while fuelling research and development to ensure Qatar remains a world hub for energy innovation,” said Hamad Rashid Suwaid, Information Technology Manager, Nakilat.

During his keynote, Steve Tzikakis, Senior Vice President and General Manager, SAP South Europe, Middle East, and Africa, emphasized that mega-trends such as hyper-connectivity, computing power, cloud, and the block chain are transforming how we work, live, and communicate.

“Qatar’s organizations are amongst global leaders in using a digital core to transform in today’s Digital Economy. The Digital Transformation of their organizations is a catalyst for diversified economic growth, which is aligned with Qatar National Vision 2030. Visionary CEOs are using cloud-based real-time insights to make quick, decisive actions, expand services, and drive omni-business models. This results in a simpler, agile organization, which delivers new levels of customer engagement,” said Mr Tzikakis.

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