Kingdee expands its footprint into the Middle East, opening Qatar office
25 February 2025, Doha – Qatar: Kingdee International Software Group Company Limited（0268 .HK）announced today the opening of its regional headquarters in Qatar’s Free Zones, marking its official entry into the Middle East market. The establishment of this regional headquarters has been facilitated through the support of the Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar, Invest Qatar, the investment promotion agency of Qatar and Qatar Free Zones Authority (QFZ). Founded in 1993, Kingdee is a globally renowned enterprise management cloud SaaS company listed on the Main Board of the Hong Kong Stock Exchange. Expanding its global presence has been one of Kingdee’s key strategic objectives. In December 2023, Kingdee and QIA announced an agreement in which QIA would invest around $200 million in the company. This investment recognised Kingdee as a category leader and key enabler of enterprise cloud transformation in China. The investment in Kingdee aligns with QIA’s strategic objective to invest in leading companies and technologies in global digitalisation trends. Robert Xu, Chairman and CEO of Kingdee Group stated: “Today marks a pivotal moment in the global expansion plans of Kingdee. Following the investment by QIA in December 2023, we are excited to further strengthen our collaboration with Qatar by opening our first office in the Middle East, in Qatar’s Free Zones. Kingdee plans to leverage Qatar as a bridgehead for expanding our footprint into the Middle East and North Africa markets, drive the digital transformation of local enterprises and supporting Qatar to achieve its “Qatar National Vision 2030. We are excited to collaborate with QIA, Invest Qatar and QFZ to bridge the gap between Kingdee and the Middle Eastern market, supporting Kingdee’s international growth strategy.” Mohammed Saif Al-Sowaidi, CEO of QIA stated: “QIA has been an investor in Kingdee since 2023 and recognises the company’s expertise in enterprise digitalization and cloud services in China. We are confident that Kingdee will succeed in their expansion and will bring a valuable offering to the Middle East market.” Sheikh Ali Alwaleed Al-Thani, CEO, Invest Qatar, commented: “We are delighted to welcome Kingdee to Qatar. The establishment of their regional headquarters in Qatar marks a significant milestone in our ongoing efforts to attract leading global technology companies to our region. This collaboration underscores Qatar’s commitment to fostering a business-friendly environment that supports innovation and digital transformation. We look forward to working closely with Kingdee, the Qatar Investment Authority, and the Qatar Free Zones Authority to drive forward our shared vision of economic growth and technological advancement, in line with Qatar National Vision 2030 and the Third National Development Strategy.” On this strategic move, H.E. Sheikh Mohammed bin Hamad bin Faisal Al-Thani, CEO of Qatar Free Zones Authority (QFZ), said: “Kingdee’s decision to establish its regional headquarters in our free zones reaffirms Qatar’s position as a leading hub for digital innovation. This partnership, developed through the joint efforts of Qatar Investment Authority, Invest Qatar, and Qatar Free Zones Authority, reflects our collective drive to achieve Qatar’s Third National Development Strategy — the final wave of the Qatar National Vision 2030. By integrating Kingdee’s expertise into our technology ecosystem, we accelerate digital transformation and strengthen Qatar’s role as a gateway for next-generation solutions to drive economic diversification and sustainable growth.” QFZ will provide Kingdee with a strategically positioned platform to strengthen its regional presence, cultivate high-impact collaborations, and contribute to the evolution of enterprise digitalisation. As a publicly listed company with over 31 years of history, Kingdee has reinforced its product R&D and implementation capabilities through serving more than 7.4 million customers worldwide. Kingdee SaaS solutions are used in 172 countries and regions worldwide, supporting 42 languages and serving over 1000 customers to achieve overseas digital operations. “We are confident in our ability to deliver professional enterprise digital solutions to Qatar and the regional market.” Kingdee, leveraging its industry expertise and the management models of China’s leading enterprises, can provide end-to-end digital solutions encompassing financial management, supply chain optimisation, and production operations to local businesses. This empowers regional enterprises to enhance management efficiency and strengthen competitive capabilities. The establishment of Kingdee Qatar represents a strategic milestone in Kingdee’s commitment to delivering localised services from Qatar’s Free Zones to global clients. Guided by the principle of “think globally, operate locally,” the company will synergize regional business acumen with technological strengths, integrating AI-driven digital technologies and management expertise to provide comprehensive one-stop solutions. This initiative will accelerate the development of the Middle East’s software and internet industries through technological empowerment.
MCIT Launches “Scale Now” Program to Empower Digital Entrepreneurs in Qatar
Doha, Qatar – February 10, 2025: As part of its efforts to strengthen the digital ecosystem for entrepreneurs and startups, the Ministry of Communications and Information Technology has launched the “Scale Now” program, the first of its kind in Qatar to support digital entrepreneurs. The program provides them with the necessary tools and mentorship to accelerate their business growth and expand into local, regional, and international markets. This initiative aligns with the ministry’s strategy to enhance the digital economy, supporting the objectives of the Digital Agenda 2030 by fostering a thriving digital innovation environment and developing startups, positioning Qatar as a leading regional hub for the digital economy. The ” Scale Now” program is built on three core pillars designed to drive startup growth and empower entrepreneurs to achieve sustainable success. First, Capability Building & Mentorship, where participants receive intensive hands-on guidance from a distinguished network of global experts in entrepreneurship, business strategy, and operational management, helping them refine their business models and enhance their competitiveness. Second, Local Go-To-Market Support, which enables direct engagement with local market leaders, facilitating the establishment of strategic relationships and business partnerships to strengthen their presence in the Qatari business landscape. Lastly, Expansion Readiness Support, providing startups with the necessary tools and effective strategies to scale into regional and global markets, unlocking new growth and innovation opportunities on an international scale. In this regard, Mr. Faraj Jassim Abdulla, Director of the Digital Economy Department at MCIT, stated: ” Scale Now program represents a significant step in empowering digital entrepreneurs in Qatar, equipping them with the tools and guidance needed to scale their businesses and expand into local and global markets. This initiative reflects MCIT’s commitment to fostering startups and driving digital innovation, in alignment with the goals of the Digital Agenda 2030. Through Capability Building & Mentorship, Local Go-To-Market Support, and Expansion Readiness Support, “Scale Now” contributes to establishing Qatar as a regional hub for the digital economy and supports economic diversification by enabling startups to achieve long-term sustainability and growth.” The ministry has launched the first cohort of the “Scale Now” program, featuring six digital entrepreneurs from various sectors, reinforcing its commitment to supporting startups and enhancing digital innovation in the entrepreneurship sector. Future cohorts are planned to accommodate 15 entrepreneurs per six-month cycle, providing them with comprehensive support for scaling their businesses. The “Scale Now” program continues to welcome ambitious entrepreneurs, offering them an exceptional opportunity to benefit from a supportive environment that enhances their ability to achieve sustainable growth. The program seeks to attract startups that meet specific criteria, ensuring optimal utilization of its resources while strengthening Qatar’s entrepreneurial ecosystem. To qualify for the program, companies must be officially registered in Qatar, have a market-ready product or service, and demonstrate a clear ability to maintain continuous operations throughout the program duration. The initiative also prioritizes companies with a strategic vision for expansion within Qatar and strong readiness for regional and global growth. This initiative is part of MCIT’s broader efforts to promote digital innovation and enhance the digital entrepreneurship landscape, reaffirming its commitment to establishing Qatar as a global leader in the digital economy. The program provides a promising platform for local entrepreneurs to seize expansion opportunities in new markets. It is expected to drive startup growth, enhance their global competitiveness, and contribute to economic diversification, reinforcing the key pillars of the Digital Agenda 2030.
