Amid the recent expansion moves conducted by the Saudi Obeikan Group and the launch of its activities in Egypt that is aiming to support different sectors in the Egyptian market to integrate digital technologies and innovation within their operations. Mr. Eng. Abdullah Obeikan, and Prof. Dr. Ismail Abdel Ghaffar Farag, President of the Arab Academy for Science, Technology and Maritime Transport signed a cooperation agreement in the field of supporting emerging companies in the industrial sectors and the smart manufacturing.

The agreement is signed between the Entrepreneurship Centre of the Academy and the Obeikan Digital Solutions Company, at the Academy’s headquarters in the Smart Village, in the presence of Ambassador Osama bin Ahmed Naqli, Ambassador of the Kingdom of Saudi Arabia in Cairo.

Ambassador Osama bin Ahmed Naqli expressed his bliss with such cooperation as it manifests the solid bond between the brothers in the Kingdom of Saudi Arabia and the Arab Republic of Egypt. He elaborated that one of the most significant targeted markets for the Saudi investors is the Egyptian market. And that innovation and the smart industry are crucial as they are considered the future for companies and major industrial entities, including the Obeikan Investment Group. Furthermore, the Ambassador highlighted the pioneering role of the Arab academy in reinforcing innovation and merging the industry with the scientific research.

Meanwhile, Engineer Abdullah Al Obeikan conveyed his gratitude from his side, for the current existence of the group in the Egyptian market, as it is visioned to be a major reliable reference in the digital transformation area and a key provider of integrated solutions in the field of education, innovation and digital solutions in the Mena and North Africa regions.

Obeikan mentioned also that the group is striving to provide various smart and integrated digital solutions in numerous sectors and fields, where the focal point precisely is to empower the industrial sector. Aiming to give tremendous support to entrepreneurs and start-ups via the group’s diversified programs and capabilities.

On the other hand, Dr. Ismail Abdel Ghaffar Farag, President of the Academy, expressed his welcome to the visit of the CEO of the group and the delegation accompanying him to the headquarters of the Academy, and the launch of Obeikan for its activities in Egypt.

Abdel Ghaffar pointed out that the academy supports the vision of the Egyptian state, to link the industrial sector with entrepreneurs and emerging companies with the aim of exploiting and directing youth energies towards projects and ideas that contribute in developing and finding cutting edge solutions to be able to cope with the most encountered challenges in the industrial sector, the most crucial of which is deepening local manufacturing and maximizing the utilization of local production inputs.

He also affirmed that the Arab Academy along with its various entities, branches, and Entrepreneurship Centre, don’t hesitate to exert any efforts intended to provide different means of support to Arab and Egyptian youth. The academy also keens on offering elements of growth and stability for the companies within the labour market, aiming to support them stand ahead of the competition.

It is worth highlighting that the main goal of the agreement is reinforcing the cooperation between the two parties and provide the needed technical support and assistance to entrepreneurs, start-ups and the innovative companies through rally competitions for students, start-ups and the hackathon, and also the axis of the smart manufacturing incubator, the competition’s applying terms will be announced soon.

On the margin of signing the agreement, a tour has been organized for the delegation of the Obeikan Group to the industrial laboratories in the academy, as well as the Entrepreneurship Centre, where some entrepreneurs and emerging companies, graduates and beneficiaries of the centre’s programs presented their project ideas.