logo
Johnson Controls Arabia CEO Dr. Mohanad Alshaikh hosts strategic dialogue between KAUST president and private sector leaders

Johnson Controls Arabia CEO Dr. Mohanad Alshaikh hosts strategic dialogue between KAUST president and private sector leaders

Zawya7 hours ago

Jeddah, Saudi Arabia – In a continued effort to bridge the gap between academia and industry, Dr. Mohanad Alshaikh, CEO of Johnson Controls Arabia, hosted a private gathering at his residence in Jeddah, bringing together KAUST President, Professor Sir Edward Byrne AC, his executive team, and over 40 prominent business leaders from across the Kingdom.
The event served as a platform to foster dialogue between King Abdullah University of Science and Technology (KAUST) and key figures in the private sector, with a shared goal of identifying meaningful avenues for collaboration in innovation, research commercialization, and talent development.
Dr. Mohanad Alshaikh opened the evening by emphasizing the importance of sustained engagement between research-driven institutions like KAUST and the business community. 'When academia and industry come together with purpose, real impact follows. This evening was about listening, exchanging, and laying the groundwork for a future powered by joint ambition,' he stated.
Professor Sir Edward Byrne, who assumed the presidency of KAUST in September 2024, shared his vision for the university's evolving role as a strategic partner to the private sector. He highlighted KAUST's focus on enabling breakthroughs that extend beyond campus walls—solutions that solve real-world challenges and create lasting economic value for Saudi Arabia.
Adding further dimension to the evening's discussions was the presence of Dr. Weam Tunisi, President of the University of Business and Technology (UBT), whose participation reflected a broader academic interest in strengthening ties with industry stakeholders.
The gathering concluded with consensus on the need for sustained collaboration and open channels of communication between Saudi Arabia's top research institutions and its private sector leaders.
This event marks another milestone in Johnson Controls Arabia's commitment to enabling innovation, supporting local talent, and advancing the Kingdom's Vision 2030 objectives.
About Johnson Controls Arabia:
Johnson Controls Arabia (JCA) is a leading provider of HVAC, smart building technologies, and sustainable energy solutions in Saudi Arabia and beyond. With a workforce of over 2,900 employees, the company serves as a key export hub, delivering 30% of its production to 26 countries, including the U.S., China, and Europe. JCA powers iconic projects, from airports and hospitals to universities and entire cities, delivering innovative solutions proudly made in the Kingdom. Through its regional leadership, JCA supports Vision 2030 and reinforces Saudi Arabia's position in the global smart building and cooling industry.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dar Al Arkan to issue USD fixed-rate senior Sukuk
Dar Al Arkan to issue USD fixed-rate senior Sukuk

Zawya

timean hour ago

  • Zawya

Dar Al Arkan to issue USD fixed-rate senior Sukuk

Dar Al Arkan Real Estate Development Company plans to issue a USD-fixed-rate, Shariah-compliant 'RegS' senior unsecured Sukuk in the global market. The company has mandated a consortium of banks as joint lead managers and bookrunners to conduct a series of fixed income investor calls starting 24 June 24, according to a bourse filing. The consortium includes ADCB, ADIB, Alkhair Capital, Al Rayan Investment, Arqaam Capital, Bank ABC, DIB, Emirates NBD Capital, First Abu Dhabi Bank (FAB), J.P. Morgan, Mashreq, Sharjah Islamic Bank, Standard Chartered, and Warba Bank. Following the board's decision on 29 May, the proceeds of the Sukuk will be used for general corporate purposes. Subject to regulatory approvals, the Sukuk issuance will adhere to applicable stabilization rules, including the Financial Conduct Authority (FCA) and the International Capital Market Association (ICMA) guidelines. As of 31 March 2025, Dar Al Arkan registered 36.29% higher net profits at SAR 209.34 million, compared with SAR 153.59 million in the first quarter (Q1) of 2024. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (

Presight announces inaugural cohort of global startups joining its AI Accelerator programme
Presight announces inaugural cohort of global startups joining its AI Accelerator programme

Zawya

timean hour ago

  • Zawya

Presight announces inaugural cohort of global startups joining its AI Accelerator programme

Presight today announced the 10 startups who have won their place as part of the Presight AI-Startup Accelerator, a strategic launchpad designed to propel AI startups to scale with speed, impact, and commercial intent. The announcement follows an evaluation and selection process that attracted 120 applications from AI startups across 17 countries, spanning diverse sectors such as Smart Cities, Fintech, Energy, AI Governance, and Sovereign AI. The shortlisted pool of 15 global finalists was selected to participate in the final pitch days, held on 2–3 June. The event featured in-person pitches in Abu Dhabi at Presight's office and virtual presentations from international startups. Finalists had already raised over US$150 million collectively, backed by leading global accelerators like Microsoft, Google, Alchemist, and Techstars, underscoring the exceptional calibre of applicants. Thomas Pramotedham, Chief Executive Officer of Presight, said, 'The Presight AI-Startup Accelerator is more than a program—it's a strategic growth engine for both visionary startups and Presight itself. We launched this initiative to identify and scale the most promising AI innovations globally, integrate them into our ecosystem, and drive transformative impact across industries. In providing the 10 AI startups with access to infrastructure, mentorship, and market reach, we're accelerating their growth and our own innovation pipeline. This approach allows us to build a portfolio of world-class AI solutions faster and more effectively than traditional R&D or acquisitions. 'Through the evaluation process, we prioritised rigor, readiness to scale, and strategic alignment with Presight's business focus. These 10 startups represent the strongest potential for impact within Presight's ecosystem. The selection process was among the most competitive in the region, and we thank all 15 finalists for their impressive vision and energy.' The ten winning startups selected to join the accelerator include: Derq (UAE, USA): A leading provider of patented AI-powered intelligent transportation systems (ITS) helping cities prevent crashes, solve complex road safety challenges, and improve traffic flow. Resync (Singapore): AI-driven Energy Efficiency and Sustainability solution for the Built Environment. Resync's cutting edge technology provides HVAC optimisation, iFM and Energy Savings for commercial and industrial buildings across Southeast Asia and Middle East. AlphaGeo (Singapore): Provides data, analytics and tools to navigate climate risk and invest in adaptation and resilience. (UAE/Tajikistan): Zypl generates synthetic outliers from its proprietary zGAN model to optimize the performance of AI agents — especially under edge cases and black swans. Focused on financial services use cases, zypl's enterprise AI platform enables banks to reduce defaults, improve fraud detection and increase repayment rates. (Indonesia / Singapore): Provides native AI-powered education and training solutions with adaptive learning pathways for schools, enterprises, and government institutions. Waverity (Azerbaijan): Solves the challenge of limited insights and low accuracy in seismic data interpretation. Using advanced AI algorithms, it enhances image quality, reduces subsurface uncertainty, and accelerates exploration and drilling decisions in the energy sector. Vulcan (UAE): Offers GenAI security, safety, & compliance tools, from assessment through protection. Trusted by leading organizations in the high-tech & public sectors, Vulcan is the GenAI-specific solution to ensure safety, security and operational integrity. NodeShift (UAE, USA): A sovereign AI cloud platform that lets users run LLMs, image, and speech models in one click — securely, on cloud or on-premises. Maiden Century (USA): Developer of a proprietary data science platform designed to help fundamental and systematic investors harness the power of both internal and external data resources to generate powerful investment insights. Cobi (UAE, USA): Offers an AI-powered business intelligence platform designed to enhance customer engagement and product optimisation. A distinguished jury panel evaluated each 10-minute pitch before selecting the final Cohort winners. Members of the judging panel included: Kareem Okeili, Senior Partner Development Manager, Microsoft; Sultan Al Hajji, Senior Adviser to the President of Mohamed bin Zayed University of Artificial Intelligent (MBZUAI); and Darsh Singh Mann, Head of Business Development and Partnerships, StartX by Stanford University. They were joined by a selection of senior management from Presight. The selected startups will now join the Presight AI-Startup Accelerator Bootcamp in Abu Dhabi. This immersion programme includes technical mentoring, strategic market access to scale with potential commercial proof-of-concepts and contracts, product refinement, and investment readiness for the venture capital funding during demo day.

Saudi: GASCO to pay over $22.9mln dividends for H1-25
Saudi: GASCO to pay over $22.9mln dividends for H1-25

Zawya

time2 hours ago

  • Zawya

Saudi: GASCO to pay over $22.9mln dividends for H1-25

The board members of National Gas and Industrialization Company (GASCO) approved cash dividends valued at SAR 86.30 million for the first half (H1) of 2025. GASCO will pay out a dividend of SAR 1.15 per share, representing 11.50% of its share capital, for 75 million eligible shares. The eligibility and payment dates for the dividends will be 30 July and 13 August 2025, respectively. In the first quarter (Q1) of 2025, GASCO posted 21.24% year-on-year (YoY) lower net profits at SAR 61.90 million, compared to SAR 78.60 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store