Careem co-founder Magnus Olsson visited MBZUAI to share insights on AI, entrepreneurship, and purpose. He emphasized the importance of solving real-world problems and understanding customer needs before focusing on technology. Olsson also discussed Careem's 'three plus three buckets' approach, leveraging AI to enhance marketplace and payment experiences. Why it matters: The visit highlights the growing intersection of AI research and practical business applications in the region, fostering innovation and entrepreneurial spirit among students.
KAUST startup Saee, a last-mile delivery company, was recently acquired by Estimkan Holding. Co-founded by KAUST alumnus Dr. Tariq Alturkestani, Saee benefited from KAUST's support through programs like the KGSP and the TAQADAM Startup Accelerator. Saee evolved from a carpooling app for women into a logistics solution for parcel delivery, adapting to the changing Saudi market. Why it matters: The success of Saee demonstrates KAUST's increasing role in fostering entrepreneurship and contributing to Saudi Vision 2030 by developing innovative ventures.
Ceer and KAUST are partnering to research and develop innovations in smart mobility, including connectivity and autonomous driving technologies. The collaboration aims to transform research into economically productive innovations, supporting Saudi-based SMEs and the automotive manufacturing industry. Ceer and KAUST will share facilities and conduct collaborative activities to foster knowledge exchange and create jobs. Why it matters: This partnership signifies a crucial step towards diversifying Saudi Arabia's economy and advancing technological capabilities in the electric vehicle sector within the Kingdom.
Naheed.pk, a Pakistani online retailer, has expanded its services to over 30 cities, offering same-day delivery in Karachi, Lahore, and Islamabad. The company has seen 100% year-on-year growth and aims to capture 5% of Pakistan's retail market share. Naheed.pk focuses on providing genuine products and a trustworthy shopping experience to compete with brick-and-mortar stores. Why it matters: The growth of e-commerce platforms like Naheed.pk signals a shift in consumer behavior in Pakistan and the increasing importance of online retail in the region's economy.
Virgin Hyperloop is collaborating with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) in Abu Dhabi to develop an AI-powered operating system for its hyperloop transport system. The operating system aims to optimize the hyperloop's operations, including fleet management and vehicle movement, for the proposed 1,080 kph system. Co-founder Josh Giegel highlighted the Gulf's keen interest and involvement in the project, with Dubai's DP World being a major investor. Why it matters: This partnership signifies the UAE's growing role in cutting-edge transportation technology and the application of AI in optimizing complex systems, potentially revolutionizing regional and global transport.
KAUST and McLaren Racing have announced a five-year research partnership focused on R&D and extreme performance technology for Formula 1 cars. The collaboration will leverage KAUST's expertise in areas like sensors, electronics, numerical simulations, and fuel/engine combustion research. KAUST researchers will develop new experimental methods, mathematical models, and train students to understand complex systems. Why it matters: This partnership allows KAUST to apply its research to a real-world laboratory (Formula 1), fostering innovation in fuel technology, combustion, sensors, and algorithms with potential spillover effects for the broader automotive and engineering sectors in the region.
KAUST startup Sadeem, which provides solar-powered smart city solutions for flood, traffic and environmental monitoring, won the Best Global Startup award in Dubai in 2017. Since then, Sadeem has focused on building its business model and infrastructure to accommodate expansion. Sadeem recently installed its smart city sensors, including the Aura air quality monitor, in Madinah, Saudi Arabia. Why it matters: This expansion demonstrates the potential for Saudi-based startups to provide innovative solutions to local challenges and scale their impact internationally.
VentureOne, the commercialization arm of Abu Dhabi's Advanced Technology Research Council (ATRC), has launched SteerAI, an AI-powered autonomous mobility system that can be integrated into existing industrial vehicles. Developed by experts at the Technology Innovation Institute (TII), SteerAI uses a hardware kit, software stack, and fleet management system. The system targets the logistics and defense sectors, enabling autonomous ground vehicles to perform complex missions with precision and efficiency. Why it matters: This launch underscores the UAE's ambition to become a leader in autonomous vehicle technology, transforming industries and enhancing operational capabilities in critical sectors.