Philips signs agreement with Saudi retail giant

Wael Gad, CEO of Philips Lighting Saudi Arabia, left, signs distribution agreement with Yaser Ahmed A. Anam, chief operating officer of Ahmed Abdulwahed Co., in Riyadh.
Updated 02 May 2017

Philips signs agreement with Saudi retail giant

Philips Lighting Saudi Arabia, the global leader in lighting, has signed a strategic distribution agreement with Ahmed Abdulwahed Trading Company for its LED (light-emitting diode) and home consumer offering. The evolution of LEDs have changed the industry with innovative new applications, offering significantly greater connectivity, durability and energy-efficient light source.
Wael Gad, CEO of Philips Lighting Saudi Arabia, said: “We are thrilled to sign an agreement that represents a milestone and turning point for serving the end consumers better in the Kingdom. This partnership will give consumers easier and greater access to LED and home products, providing them more energy-efficient and environmentally-conscious lighting,” he added.
The agreement comes at a time when austerity measures by the Saudi government are calling for conscious consumption and elimination of wasteful usage of energy and electricity.
Asked about the misuse of energy, Gad said: “Lighting in house and retail outlets is responsible for 17 percent of electricity use in the Kingdom. The global average is 15 percent, presenting a key area for energy conservation or usage of energy-efficient appliances at homes, in offices, and public places.”
He said the Kingdom is aiming to reduce these dependencies by reducing the size of the subsidies offered on energy and other household services. “The Kingdom is an important market for us, we manufacture locally — operating three factories — and work closely with the local authorities to enhance the LED offering,” Gad added.
He pointed out that the LED lighting (from reputable brands) is proven to be five times more efficient than most halogen bulbs and lasts ten times longer than the traditional light bulbs.
“Philips is committed to remain a trusted partner for the Kingdom and as a supplier of sustainable energy efficiency technologies to meet the goals of Saudi Vision 2030,” he added.
Yaser Ahmed A. Anam, chief operating officer of Ahmed Abdulwahed Co., who signed the agreement on behalf of Ahmed Abdulwahed Co., said: “We have been dealing with several brands, we serve retail channels including shops and supermarkets. We have our own network of 55 retail shops in 20 cities, and hence we have more focus on retailing.”


A hundred universities take part in Dubai’s Global Grad Show

Some of the projects at Global Grad Show held last week in Dubai correspond to themes such as health, wealth and disparity, gender and equality, sustainability, education and technology.
Updated 19 November 2019

A hundred universities take part in Dubai’s Global Grad Show

A one-of-a-kind exhibition, showcasing graduate projects from more than 100 universities from 43 countries, in the fields of design, science, technology and engineering, was held last week in Dubai.
Held in partnership with Investment Corporation of Dubai, Global Grad Show opened its 5th and most diverse edition to date on Nov. 12 and ran until Nov. 16.
New entrants include established names such as Columbia University, Goldsmiths and the University of Pennsylvania, alongside leading universities from countries participating for the first time, including Colombia, Kuwait and the Philippines.
Global Grad Show is a significant component of Dubai Design Week, which is held under the patronage of Sheikha Latifa bint Mohammed bin Rashid Al-Maktoum, chairperson of Dubai Culture and Arts Authority. Earlier this year, Global Grad Show was named as a key initiative under the Dubai Culture and Arts Authority’s plan to evolve Dubai into a global hub for culture and innovation.
Sheikha Latifa said: “This initiative is at the heart of Dubai’s vision to create a brighter future for all people through progress and innovation. Global Grad Show is a call to action for government and private entities to revisit their challenges and needs in response to current socioeconomic issues. I encourage all entities to engage with the students and collaborate to bring their ideas to life.”

HIGHLIGHT

This year’s expanded program includes an entrepreneurship program supported by A.R.M. Holding, which has pledged 10 million dirhams ($2.7 million) to advance projects into startups.

Mohammed I. Al-Shaibani, executive director and chief executive of Investment Corporation of Dubai, said: “With each year of Investment Corporation of Dubai’s participation at Global Grad Show, we have witnessed ever greater enthusiasm and interest from the international cultural, creative, and intellectual communities. This reception is a true endorsement to the calibre that the Global Grad Show has developed over its five years.”
Under the curation of Eleanor Watson, Global Grad Show explores how innovation can impact our lives through different spheres: The Human, The Home, The Community, The City and The Planet. Some of the projects correspond to themes such as health, wealth and disparity, gender and equality, sustainability, education and technology.
Ranging from high-tech to low-tech solutions, highlight projects in the 2019 exhibition include: “Swiv,” a toothbrush for children with cognitive disabilities, allowing them to clean their teeth with a single physical motion; “Jarvis,” a mixed reality headset, enabling doctors to accurately measure the brain’s response to distractions or activities when conducting cognitive tests for severe head trauma, pharmaceutical efficacy and ADHD; and “Ro-Biotics,” a microscopic robot created from 4D printed materials to be ingested in the place of an antibiotic, which captures infections in the blood stream.
This year’s expanded program includes an entrepreneurship program supported by A.R.M. Holding, which has pledged 10 million dirhams ($2.7 million) to advance projects into startups.