Emerson is building a US$25 million training facility in Dammam in Saudi Arabia in conjunction with the local university to help train and develop talent while also showcasing their technologies. The facility will be ready by December 2014.
The company, which supplies cooling technology and infrastructure for data centres, will also grow its presence in the UAE by opening a 350 square metre technical training and support facility in Jebel Ali by the end of this year.
"We are expanding our investment in the region. There is a big drive to localise employees. We have spent a lot of money on educating people and we are investing in Saudisation and Emiratisation," said Pierre Havenga, the managing director of Emerson Network Power, Middle East and North Africa.
"It helps to create visibility and awareness and bring the technologies to the market, which will also give us huge growth."
Emerson currently employees more than 1,000 people across Mena, but is planning to hire more technical staff in Dubai and Abu Dhabi.
"We are employing one employee a day. It has been an excellent year for us.
"The growth we have experienced has been great. We have legal entities in most countries now," said Mr Havenga.
The proliferation of data from consumer and business applications has helped Emerson increase its business by 18 per cent in the region over the past year, recording sales of $1.3 billion.
The company is expecting to double the rate of growth this year, as more data centres are needed.
"There has been a growth in projects due to demand for data storage driven by mobile apps. That information needs to be stored somewhere.
"We have seen growth in education and health care. That's the two areas we've seen material growth in activities," said Mr Havenga.
According to research from Gartner, IT infrastructure growth in the Middle East will be driven by the need for data centres. Servers are the largest segment of the IT infrastructure market with revenue reaching $1.54bn this year, and this is expected grow to $1.69bn by 2016.
"Broadly, data centres are a growth area and telcos are interested in getting into it and there are all kinds of growth in business applications that are behind it," said Matthew Reed, the principal analyst at Informa Telecoms and Media.
Emerson supplies the technologies to house these servers, but also to cool them, which is one of the biggest challenges for data centres in the GCC.
"Cooling in this region is one of the big consumers of power, but there are various technologies looking at reducing the cost," said Mr Havenga.
Emerson spent $800m on product research last year. The company registered 1,600 patents last year, up from 864 patents in 2011
thamid@thenational.ae
Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
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Political flags or banners
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Bikes, skateboards or scooters
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
UAE currency: the story behind the money in your pockets
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RESULTS
6.30pm: Handicap (rated 95-108) US$125,000 2000m (Dirt).
Winner: Don’t Give Up, Gerald Mosse (jockey), Saeed bin Suroor (trainer).
7.05pm: Handicap (95 ) $160,000 2810m (Turf).
Winner: Los Barbados, Adrie de Vries, Fawzi Nass.
7.40pm: Handicap (80-89) $60,000 1600m (D).
Winner: Claim The Roses, Mickael Barzalona, Salem bin Ghadayer.
8.15pm: UAE 2000 Guineas Trial (Div-1) Conditions $100,000 1,400m (D)
Winner: Gold Town, William Buick, Charlie Appleby.
8.50pm: Cape Verdi Group 2 $200,000 1600m (T).
Winner: Promising Run, Patrick Cosgrave, Saeed bin Suroor.
9.25pm: UAE 2000 Guineas Conditions $100,000 1,400m (D).
Winner: El Chapo, Luke Morris, Fawzi Nass.
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COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)
Date started: August 2021
Founder: Nour Sabri
Based: Dubai, UAE
Sector: E-commerce / Marketplace
Size: Two employees
Funding stage: Seed investment
Initial investment: $200,000
Investors: Amr Manaa (director, PwC Middle East)
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%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rob%20Marshall%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EHalle%20Bailey%2C%20Jonah%20Hauer-King%2C%20Melissa%20McCarthy%2C%20Javier%20Bardem%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Co%20Chocolat%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Iman%20and%20Luchie%20Suguitan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Food%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%241%20million-plus%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Fahad%20bin%20Juma%2C%20self-funding%2C%20family%20and%20friends%3C%2Fp%3E%0A
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million