Siemens announced its largest ever software grant in Egypt. The USD$120 million industrial digitalization software grant will be used to support training, education and higher degrees of research in Cairo, Ain Shams and Alexandria, the largest among the Egyptian universities.
The grant was announced at a signing ceremony hosted by Siemens, in partnership with the three universities, and in the attendance of Joe Kaeser, President and CEO of Siemens AG, as well as other business leaders and academia experts.
“Education is one of the surest ways to drive long-term economic growth, and our country’s future relies on companies working with key educational and research institutions to get our youth ready for the markets of the future” said Dr. Khaled Abdel Ghaffar, Minister of Higher Education and Scientific Research.
“The Siemens grant will make it possible for our engineering students to be trained on the same technology that companies worldwide depend on to design some of today’s most sophisticated products. The world is changing rapidly through technology, and we need to equip our future generations with the necessary capabilities and tools to make things faster, cheaper and better –ultimately this is about job creation and global competitiveness.”