Zoho announces $27.2mln investment for UAE expansion

Zoho announces $27.2mln investment for UAE expansion

Zoho, a global technology company based out of India, on Tuesday announced an investment of Dh100 million in the UAE.

The privately-held company, which has over $1 billion in revenues, announced that in the five years since starting its operations in the UAE, which serves as its Middle East and Africa (MEA) headquarters, have grown 10 times, with a 5-year CAGR of 60 per cent.

In 2022, Zoho grew by 45 per cent in the UAE, which was the second-highest growing country globally. It has also doubled its employee base in the UAE as well as across the MEA region in the past year, by hiring locally as per its ‘transnational localism’ policy of being locally rooted while staying globally connected. The partner network in the country grew by 50 per cent in 2022.

“As part of our transnational localism strategy, when we expand into a region, we want to give back to the local community and be rooted in the local culture as we grow,” said Sridhar Vembu, CEO & Cofounder, Zoho Corporation, in Dubai on Tuesday. “Over the past five years, we have invested in local hiring, growing our partner network, adding Arabic support in our products, and integrating with local