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.
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.
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.
Saee, a KAUST-supported Saudi startup based in Jeddah, aims to disrupt last-mile delivery in Saudi Arabia by addressing challenges like delays and cash-on-delivery (COD) issues. They offer services such as fast COD consolidation, flexible dispatch to freelancers, and warehouse management. Saee also introduces a new concept called Cash Before Delivery (CBD) to improve cash flow for e-commerce platforms. Why it matters: This aims to solve a key bottleneck for e-commerce growth in Saudi Arabia, where COD is prevalent and creates financial inefficiencies.
KAUST startups, including Sadeem (a wireless sensor system for flood monitoring), have won top prizes in entrepreneurship competitions such as GITEX Future Stars, ArabNet Riyadh, and the Oqal Best Entrepreneur Award. Sadeem won Best Global Startup at GITEX and took home $100,000. KAUST supports early-stage startups through accelerator programs like TAQADAM and 9/10ths, as well as the KAUST Research & Technology Park. Why it matters: This success highlights KAUST's role in fostering innovation and entrepreneurship in Saudi Arabia, contributing to the Kingdom's growing startup ecosystem and economic diversification efforts.
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.
Sadeem, a startup founded by KAUST Ph.D. graduates, develops flood and traffic sensors powered by solar batteries and transceivers. The company's technology originated as a Ph.D. project and has been supported by the KAUST Entrepreneurship Center, including participation in the KAUST Hikma IP-based Startup Accelerator program. Sadeem's sensors are designed to mitigate damage and save lives from floods, with ten nodes currently operating on the KAUST campus. Why it matters: The development and deployment of such sensor technologies in Saudi Arabia could improve urban resilience and disaster response in flood-prone areas across the GCC region.
Dirk Ahlborn discussed the future of transport in his WEP keynote address at KAUST on January 11. He specifically addressed the Hyperloop concept. Why it matters: Such discussions at leading institutions signal growing interest in innovative transport solutions within the region.