“They’ve got the money and they’re smart enough to know their oil won’t last forever,” says SAP CEO Henning Kagermann (6/19). ME local investing in tech and innovation spurred the SAP chief’s comments according to a recent BusinessWeek post. Kagermann and Co. see a particularly interesting play in ME universities. Focusing on local talent to help with software installations, Kagermann adds, “We’ll help produce skilled young people who can handle our software.”

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