Siemens announced today it will boost investments into its digital presence in the Middle East with US$500 million over the next three years.
The German industrial giant’s investments will include two MindSphere Application Centres in the UAE, among 20 being built in 17 countries around the world. Each centre will cater to multiple countries and specialise in a particular industry in which Siemens is active through 900 software developers, data specialists and engineers working together to develop digital innovations for data analysis and machine learning.
MindSphere is Siemens’ open architecture, cloud-based operating system for the Internet of Things (IoT). The two new centres in the UAE will be located in Abu Dhabi and Dubai, the latter of which will “handle airports, logistics and cargo to co-develop innovative approaches that improve the movement of people and goods,” the company said in a statement. The centre in Abu Dhabi will cater to “process industries, mainly focusing on oil and gas, water and waste water, enabling customers to improve operational efficiency and reduce their costs across the whole value chain.”
Siemens’ investment in region will also include software grants aimed at boosting digital skills among youth in the region; establishing a hydrogen economy with Expo 2020 and the Dubai Electricitiy and Water Authority (DEWA); and helping create “the most connected expo ever” using the MindSphere system.
“The Internet of Things has arrived and is set to transform industries and cities. However, many companies are still in the early stages of adopting digital strategies and incorporating them into their business models,” said Roland Busch, Chief Technology Officer and Member of the Managing Board of Siemens AG. “Siemens has reinvented itself into one of the world’s top 10 software companies and is continuing to expand its digital capabilities. We see vast potential for the adoption of digital technologies in the Middle East and want to support the region’s transformation in various ways, ranging from youth development to setting up our MindSphere Application Centers.”
“Countries in the Middle East are at different stages of development and we are supporting their current and future needs. In addition to providing reliable and proven technology for power generation, transportation and city infrastructure, Siemens also believes knowledge transfer and developing local skills are top priorities. The software grants underscore our commitment to supporting the region’s ambitions for diversified knowledge-based economies, powered by skilled local and world-class talent,” said Dietmar Siersdorfer, CEO of Siemens in the Middle East and UAE.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.