Kuwait's National Fund for Small and Medium Enterprise Development (SMEs) signed a memorandum of understanding with General Electric company to develop industrial digital applications for SMEs.
The signing was made by the fund's chairman Abdullah Al-Joaan and Electric General's digital manager for the Middle East and Africa, with the presence of Minister of Commerce and Industry and Minister of State for Youth Affairs Khaled Al-Rodhan and the US Ambassador to Kuwait Lawrence Silverman.
In a statement to reporters on Wednesday, minister Al-Rodhan said the memorandum is part of the Ministry of Commerce and Industry's strategy to support and develop projects of youth.
On his part, Al-Joaan said that digital applications help develop projects by boosting production and improve performance.
He added that General Electric is a pioneer in using digital applications to develop industry.
Meanwhile, Chief Executive Officer and President of Power Services Business for the Middle East and Africa at General Electric Company Joseph Anis noted that the memorandum supports the fund's strategic plan to provide Kuwaitis with bigger job opportunities and create a variety of income sources.
According to the memorandum, the company will train Kuwaiti business owners on developing their projects through the use of "Predix" edge-to-cloud app platform. Predix allows users to deploy processing and analytics power to control assets at the edge or analyze machine data in the cloud securely.
Source: https://www.kuna.net.kw/ArticleDetails.aspx?id=2685500&language=en