Adding to the list of expansions conducted recently by the Saudi Obeikan Group in Egypt,
the group signed a memorandum of understanding with the Industrial Modernisation
Centre (IMC) in the Prescence of CEO of the Obeikan Investment Group, Eng. Abdallah
Obeikan, the Minister of Trade and Industry, Ahmed Samir Saleh and the Director of the
Public Authority for Industrial Development and the CEO of the IMC, Mohamed Abdel
Karim, aiming to reinforce the digital transformation and keep up pace with the fourth
industrial revolution.

Eng. Abdallah Obeikan: the group is keen on reinforcing the scope of cooperation with IMC
for its known significant role in boosting the Egyptian industry in different sectors, our aim is
to incorporate our innovative solutions among the centre’s efforts to give the industrial
market in Egypt a competitive edge among the foreign markets.

This step has been precisely taken in the purpose of gearing the industry direction in Egypt
towards fostering the digital transformation, adopting the latest cutting-edge solutions and
the innovative technologies of the fourth industrial revolution, owing to the potential of
these trends in boosting the economic growth and strengthening the competitive
advantages of the industrial sector compared to the conventional means.

This memorandum is seen as the cornerstone of future cooperative programs, aiming
specifically to accomplish digital transformation via the integration of the artificial
intelligence technologies, the conduction of free studies and the provision of the necessary
recommendations and suggestions intending to edge up the industries particularly the small
and medium ones, which is part of Industrial Modernization Centre’s scope in different

The scope of the cooperation within the agreement encompasses digital transformation,
automation, the Internet of Things, training programs, cadre preparation, an evaluation of
the companies’ readiness for the digital transformation intervention, and the chances of
collaborations in shoring up the expansion of digital solutions in the areas of public safety,
supply chains and shipping.

About Obeikan Investment Group

Obeikan Investment Group is one of Saudi Arabia’s 100 largest companies, with more than
3,000 employees and operations in 16 countries. Obeikan is a global leader of industry across a
diverse range of sectors, inclusive of manufacturing, technology, education and health.
Pictured at the Future Minerals Forum is EUR Chairman, Tony Sage, Obeikan Group CEO,
Eng. Abdallah Obeikan, His Excellency the Minister of Industry and Mineral Resources for
Saudi Arabia Mr Bandar AlKhorayef, His Excellency the Vice Minister of Industry and Mineral
Resources for Saudi Arabia Eng. Khalid AlMudaifer, with advisors Mr. Scott Taylor and Mr
Abdulaziz AlRebdi

During this month, the group opened a headquarter for its digital subsidiary, Obeikan Digital
Solutions (ODS) in Cairo to convey their expertise and beneficiate the Egyptian market with
the cutting-edge solutions in the digital field.

About Industrial Modernisation Centre (IMC)

IMC was established aiming to support industrial enterprises and create a favourable
business environment for the industrial sector, under the umbrella of the Ministry of Trade
and Industry. Over years, IMC has worked to push the Egyptian industry sector towards
global competition, as it has provided support to thousands of industrial facilities, through
various packages of technical support services, programs and projects that have led to
increased production, increased exports, reduced manufacturing costs, and improved