Siemens expands Saudi footprint with new R&D center

Siemens’ first MindSphere Application Center and MindSphere Lounge was inaugurated at the Siemens Head Office in Riyadh.
Updated 17 November 2019

Siemens expands Saudi footprint with new R&D center

Siemens inaugurated the first MindSphere Application Center and MindSphere Lounge at the Siemens Head Office in Riyadh. This is the latest milestone in the company’s 90-year heritage in the Kingdom.
The MindSphere Application Center, together with the MindSphere Lounge and MindSphere Lab, offer a collaborative space, staffed by skilled people, who facilitate the co-creation of customized digital solutions with partners in the public and private sectors using MindSphere, Siemens’ cloud-based, open industrial IoT platform.
The MindSphere Application Center in Riyadh is part of a global network of 20 centers with 900 software developers, data specialists and engineers who work together with customers and partners to develop tailor-made digital solutions, thereby addressing their most pressing challenges and enabling improved operational efficiency, reduced costs and optimized systems across entire value chains.
The center represents another step toward more focused and customized product and service delivery, rather than a “one-size-fits-all” philosophy.
Stefan Werner, acting CEO of Siemens Saudi Arabia, said: “Vision 2030 is creating fantastic opportunities for our young people, who make up more than half of the Saudi Arabian population. With the MindSphere Application Center, we are providing a platform for young people to come and learn, develop and co-create with us. We have started with Effat University and look forward to achieving even more.”
Dr. Haifa Reda Jamal Al-Lail, president of Effat University, said: “We are here to officially open this center, which was designed and developed based on the winning design created by our students. I am proud of our valuable and productive partnership with Siemens, and proud of our students and their contributions to the development of Saudi Arabia, as represented by this magnificent new center.”
Abdallah Obeikan, CEO of the Obeikan Investment Group, said: “I believe Siemens will lead the digital transformation in the industrial sector globally. The capability and history of Siemens is creating a new dimension of partnership with us, moving from a normal supplier-customer relationship to a real partnership to co-create, co-develop and go to the market together.”
Prof. Dr. Rainer Speh, senior vice president, technology and innovation at Siemens Saudi Arabia, said: “We are the only company in the market that brings the virtual world together with the real world in a holistic way. The new MindSphere Application Center Lounge will enable us to work together with our customers to optimize entire production processes by seamlessly integrating data and driving continuous innovation from virtual product design to simulation, manufacturing and operations optimization.”


KAEC to host this year’s MITEF startup contest

Updated 31 min 36 sec ago

KAEC to host this year’s MITEF startup contest

MIT Enterprise Forum (MITEF) Saudi Arabia, part of the MIT Enterprise Forum global network and partner of Bab Rizq Jameel, one of Community Jameel’s initiatives, announced a new collaboration with King Abdullah Economic City (KAEC), whereby KAEC will be the strategic partner for the fourth edition of the MITEF Saudi Startup Competition.

Compared to previous editions, this year’s competition has witnessed remarkable progress in terms of the quality of entries. The total number of applicants since the launch of the competition in 2015 reached more than 6,000 participants, and 24 winning teams. This year’s edition attracted more than 1,500 participants. More than 320 local and Arab business experts and academics have participated in the judging process and the StartSmart conference in which winners are announced.

Ahmed bin Ibrahim Linjawi, CEO of KAEC, said: “This partnership reflects KAEC’s continuing efforts to promote the road map aimed at creating an attractive and stimulating environment that enables small and medium enterprises to raise their contribution to local production from 20 to 35 percent by 2030. Within this strategic partnership, we will work with the MIT Forum to strengthen the role of this vital sector in achieving the development goals as envisaged by the Kingdom’s Vision 2030, which emphasized the great role of entrepreneurs as the future economic power.”

Hussein Mohammed Jameel, managing director, Abdul Latif Jameel, said: “MITEF Saudi Arabia is proud of this constructive strategic partnership with KAEC, as part of the two sides’ efforts to provide a stimulating environment for business by supporting innovative initiatives and encouraging entrepreneurs in Saudi Arabia.”

He added: “In collaboration with Bab Rizq Jameel, the annual MITEF Saudi Startup Competition is the first-of-its-kind in Saudi Arabia. MITEF offers an invaluable opportunity to cultivate innovative projects into scalable initiatives, with teams comprising some of the most talented participants in the region. Supporting entrepreneurs is one of the tenets of Community Jameel’s vision and part of our country’s continuous efforts to motivate young entrepreneurs and their ideas to help build their career paths and achieve excellence. Youth is the key element in enhancing the Saudi startup environment and promoting the Kingdom’s economic standing worldwide.”

A judging panel of 46 business experts and academics from all over the world assessed more than 560 entries represented by 1,680 entrepreneurs in the light of the competition’s criteria, namely creativity, potential to expand beyond local markets, and making a positive impact on society.

The winners will be named at the StartSmart Conference on March 7 and will receive cash awards worth SR325,000 ($86,640).