Sagtec Global Limited Achieves a Crucial Milestone in UAE Smart Hospitality Contract
KUALA LUMPUR, Malaysia – July 25, 2025 – Sagtec Global Limited (NASDAQ: SAGT), a prominent player in the realm of enterprise software solutions, has announced the successful execution of the initial phase of its ambitious million smart hospitality project in the United Arab Emirates (UAE). This development, which was made public last month, marks a significant stride for Sagtec as it seeks to establish a substantial presence in the high-growth sectors of smart tourism and digital hospitality.
Notably, the contract is in collaboration with SMD Tech – FZCO and encompasses software licensing, analytics, and long-term services, with over 60% of its value designated as recurring revenue. The completion of this first phase has culminated in the receipt of the initial milestone payment, thereby affirming both the efficacy of project execution and its commercial viability.
Reflecting on this achievement, Kevin Ng, Chairman, Executive Director, and CEO of Sagtec Global, stated, “This milestone signifies not just operational success—it solidifies our capacity to monetize large-scale Software as a Service (SaaS) contracts. It opens avenues for generating ongoing cash flow and strategically scaling our operations in an international market poised for rapid growth.”
This development aligns firmly with Sagtec’s broader objective of enhancing its vertical SaaS offerings. The company has also made impressive headway with its Speed+ Smart Ordering System, which supports an emerging pipeline estimated at million across Southeast Asia. The Speed+ system, tailored specifically for the food and beverage (F&B) and hospitality industries, has now been efficiently deployed to various commercial end-users. This innovative platform is designed to bolster service efficiency and elevate revenue per transaction, thereby reinforcing Sagtec’s strategic focus on monetizable, technologically advanced solutions.
The progress made in these dual deployments serves to underscore Sagtec’s vision of scaling vertically integrated SaaS platforms across diverse industries, including hospitality, food and beverage, and smart infrastructure. “We are advancing on multiple fronts with clear visibility on our revenue prospects,” added Ng. “These achievements enhance our competitive positioning ahead of the next earnings cycle, exemplifying the scalability inherent in our recurring revenue model.”
The UAE’s hospitality sector is experiencing a transformative expansion, with projections indicating it will reach a staggering .7 billion by 2033, according to data from the IMARC Group. In this context, Sagtec’s careful expansion into the Middle East not only situates the company at a strategic junction in the region’s move towards smart tourism but also aligns it with emerging trends prioritizing digital-first guest experiences.
Sagtec’s robust financial foundation, marked by a resilient balance sheet and an expanding base of recurring revenue, positions the company favorably for sustainable growth. The focus remains firmly on margin-enhancing growth, driven by continuous product innovation and geographic expansion aimed at augmenting long-term shareholder value.
About Sagtec Global Limited
Sagtec Global Limited is a cutting-edge technology firm delivering customizable software solutions tailored to the hospitality, food and beverage, and enterprise sectors. The company also operates digital infrastructure businesses, providing data hosting and analytical services through its Malaysian subsidiary, CL Technologies. With a commitment to innovation and customer-centric solutions, Sagtec is well-poised to thrive in an increasingly digital landscape.
Contact Information
For further information, please contact:
– Ng Chen Lok
Chairman, Executive Director & Chief Executive Officer
Telephone: +6011-6217 3661
Email: info@sagtec-global.com
As Sagtec Global Limited forges ahead in a competitive marketplace, its achievements within the UAE’s burgeoning smart hospitality sector underscore a pivotal moment not only for the company but for the industry as a whole. With an eye firmly on the future, Sagtec is set to redefine the standards of operational efficiency and customer satisfaction.
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