As per the country's economic conduct report issued by the Federal Competitiveness and Statistics Centre, in 2020, despite the global pandemic of Covid-19, UAE economy showed better performance than expected. The report highlighted the efficacy of dynamic economic measures of the UAE government alongside its incentive packages, built upon the policies which proves the country’s flexibility and speed to counteract the global changes. It also highlighted UAE government's constant endeavour towards boosting the economic diversification. The initial economic performance report of UAE in 2020 revealed a relative decline in the non-oil GDP and in gross domestic product by 6.2% and 6.1%, respectively, as observed by the country's macroeconomic indicators compared to the constant prices in 2019. However, this economic drop is yet comparatively lower considering the global economic decline that slumped several levels down. As per the 2021 GDP report of UAE as forecasted by CBUAE (Central Bank of the United Arab Emirates), the real total growth in GDP will reach 2.4%, followed by 3.8% increase in the real GDP growth of non-hydrocarbon. As it turns out, for 2022, CBUAE predicts the full recovery of real GDP with its growth by 3.8% and an increase in real GDP of non-hydrocarbon by 3.9%.
Enterprise Resource Planning in UAE
UAE's market destination is globally growing at a rapid pace with innumerable MNC organizations and enterprises, offering compelling opportunities and promising infrastructure. This fast-paced industrial growth has triggered the need for ERP solutions and its implementation in almost all SMEs and startup enterprises. In the UAE, ERP services have been utilized by the corporates for years now. Besides, these ERP software are widely implemented in varied sectors, especially in manufacturing, logistics, oil rigs and refineries, retail and distribution, and many more. In Dubai, it is mostly effectuated by healthcare, finance, hospitality, government and other service sectors. However, with the blooming industries, ERP software firms are emerging rapidly. So, it is a difficult task to settle for the best among a myriad of ERP software options in the market. While picking or contacting an ERP consultant, the one with hands-on experience in industrial skills should be chosen. ERP by Matiyas is one such agile business planning solution provider that ensures the best ERP system in the world. It is designed to ensure both simplicity and power to your business.
Matiyas believes in simplifying businesses with its agile ERP solutions that integrate vital business processes and real-time business insights, streamline industrial practices, ensure improved collaboration among users from data sharing, purchasing to outsourcing orders, and more, within the shortest possible interval so that clients can start savoring the ERP benefits at the earliest.