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Press Release28 March 2017Siemens AG
Siemens grants up to €100m in software licenses to UAE universities
Joe Kaeser, President and CEO of Siemens AG, bolstered the company’s strong commitment to developing local skills in the United Arab Emirates (UAE) by announcing an in-kind software grant of up to 100 million euros. 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 Industrialization Summit (GMIS) in Abu Dhabi. To implement this, Siemens partnered with AIESEC, the world's largest non-profit student-run organization.
“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.
Siemens is a founding partner of GMIS where it will showcase technologies for the full digital enterprise, cyber security, energy optimization, industrialized 3D printing and product lifecycle management. 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.
For this press release
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2016, which ended on September 30, 2016, Siemens generated revenue of €79.6 billion and net income of €5.6 billion. At the end of September 2016, the company had around 351,000 employees worldwide. Further information is available on the Internet at www.siemens.com.