Siemens To Invest $500 Million To Expand Its Digital Presence In The Middle East

Engineering giant Siemens is planning to invest $500 million over the next three years to boost its digital presence in the Middle East.

The investment plan comprises of launching two MindSphere Application Centers in the United Arab Emirates. Siemens said that it is aiming to set up 20 of these MindSphere Application Centers in 17 countries.

The two new centers in the U.A.E will be located in Dubai and Abu Dhabi. The first one will handle airports, logistics and cargo to co-develop innovative approaches that improve the movement of people and goods, while the other will cater to process industries, mainly focusing on oil and gas, water and waste water in order to improve operational efficiency and reduce costs.

According to Siemens, each of the 20 centers spans multiple locations in different countries and specializes in a particular industry in which Siemens is active. Around 900 software developers, data specialists and engineers along with Siemens customers will develop digital innovations for data analysis and machine learning. These new solutions are being developed on MindSphere, Siemens’ open, cloud-based operating system for the Internet of Things (IoT).

Siemens added that it will invest in software grants aimed at boosting digital skills among youth in the region. “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.” Said Roland Busch, Chief Technology Officer and Member of the Managing Board of Siemens AG.

Siemens and Dubai are jointly developing new uses for technologies. In partnership with Dubai Electricity and Water Authority and Expo 2020 Dubai, Siemens is working to develop a green hydrogen economy in the U.A.E.

Over the past five years, Siemens created on average 135 jobs per year in the Middle East, leading to a current workforce of 8,029 employees.

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Siemens To Invest $500 Million To Expand Its Digital Presence In The Middle East
Siemens is expanding in the Middle East with a $500 million internet of things investment
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