Siemens reveals details of $500m Middle East expansion

Siemens reveals details of $500m Middle East expansion
Siemens plans to expand its digital presence in the Middle East by investing $500m in the next three years [image: Siemens].
Published: 16 April 2018 - 12:13 a.m.
By: Fatima De La Cerna

Siemens has announced plans to boost its digital presence in the Middle East by investing $500m over the next three years.

These investments include the MindSphere Application Centres, with two planned for the UAE, out of the 20 that the company aims to set up in 17 countries.

MindSphere is Siemens’ open, cloud-based operating system for the Internet of Things (IoT).

The two centres will be located in Dubai and Abu Dhabi.

According to Siemens, the MindSphere Application Center in Dubai will handle airports, logistics, and cargo, while the Abu Dhabi centre will serve process industries, focussing on oil and gas, water and waste water.

Siemens revealed that it is also investing in software grants aimed at boosting digital skills among youth in the region, establishing a hydrogen economy with DEWA and Expo 2020, and helping to “create the most connected expo ever using the MindSphere system”.

Roland Busch, Siemens’ chief technology officer and member of its managing board, said: “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.

“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 Centres.”

Earlier this year, Siemens signed an agreement with DEWA to kick-off a pilot project for the region’s first solar-driven hydrogen electrolysis facility, which will be located at the outdoor testing facilities at the Mohammed bin Rashid Al Maktoum Solar Park.

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