Siemens announces grant of $108m to UAE academies
The grant will see the company’s Product Lifecycle Management (PLM) and MindSphere software used for academic and institutional purposes
Siemens has announced a software grant of up to $108.5m (AED398.5m) to UAE universities to develop local skills.
Joe Kaeser, president and CEO of Siemens, said that the grant bolsters the company’s strong commitment to the region.
The grant will see the company’s Product Lifecycle Management (PLM) and MindSphere software used for academic and institutional purposes to develop the skills required to drive the country’s digital transformation.
Kaeser made the announcement at the opening ceremony of the first Global Manufacturing and Industrialisation Summit (GMIS) in Abu Dhabi.
To implement this, Siemens partnered with AIESEC, the world's largest non-profit student-run organisation.
“Contributing to knowledge transfer and developing local skills has always been a top priority for Siemens.
"This grant underscores our commitment to supporting the UAE’s ambitions for a diversified and flexible knowledge-based economy powered by skilled Emiratis and world-class talent,” said Kaeser.
For the first time in the Middle East, Siemens will also introduce MindSphere, its open, cloud-based Internet of Things (IoT) operating system for industry, which helps businesses turn data into knowledge for measured success.
Recently a memorandum of understanding (MoU) was signed by Siemens and the Ministry of Transport and Communications in Qatar, under which the former will provide guidance and training to the Ministry’s Innovation Lab, its staff as well as start-ups allied with its innovation and incubation programmes.