• The Siemens building will house an experience centre that will display the smart systems at work across the new District 2020 in Dubai. Photo: Siemens
    The Siemens building will house an experience centre that will display the smart systems at work across the new District 2020 in Dubai. Photo: Siemens
  • The system remotely controls electricity and air quality to make buildings smarter, safer and sustainable for residents. Antonie Robertson / The National
    The system remotely controls electricity and air quality to make buildings smarter, safer and sustainable for residents. Antonie Robertson / The National
  • German technology and engineering giant Siemens is set to share cutting-edge technology with new occupants of the futuristic District 2020 in Dubai. Photo: Antonie Robertson / The National
    German technology and engineering giant Siemens is set to share cutting-edge technology with new occupants of the futuristic District 2020 in Dubai. Photo: Antonie Robertson / The National
  • Helmut von Struve, chief executive of Siemens Middle East. Antonie Robertson / The National
    Helmut von Struve, chief executive of Siemens Middle East. Antonie Robertson / The National
  • About 250 Dubai staff of Siemens will move into a building it occupied near Al Wasl Dome during Expo 2020. Antonie Robertson / The National
    About 250 Dubai staff of Siemens will move into a building it occupied near Al Wasl Dome during Expo 2020. Antonie Robertson / The National
  • The tech system monitors safety and security with thousands of cameras and sensors checking heating, fire alarm systems, air conditioning and electricity usage. Antonie Robertson / The National
    The tech system monitors safety and security with thousands of cameras and sensors checking heating, fire alarm systems, air conditioning and electricity usage. Antonie Robertson / The National
  • A smart operating system devised by Siemens has been used inside and outside buildings in the Expo 2020 Dubai area being transformed into District 2020. Antonie Roberston / The National
    A smart operating system devised by Siemens has been used inside and outside buildings in the Expo 2020 Dubai area being transformed into District 2020. Antonie Roberston / The National
  • Software and sensors installed by Siemens in more than 130 buildings at the Expo 2020 site will remain in the repurposed District 2020. Antonie Robertson / The National
    Software and sensors installed by Siemens in more than 130 buildings at the Expo 2020 site will remain in the repurposed District 2020. Antonie Robertson / The National
  • Siemens has tested and successfully used a blueprint of digital infrastructure that will be part of District 2020, the region’s first futuristic city. Antonie Robertson / The National
    Siemens has tested and successfully used a blueprint of digital infrastructure that will be part of District 2020, the region’s first futuristic city. Antonie Robertson / The National
  • The Siemens building is a part of District 2020 in Dubai South that is set to open in phases this year. Antonie Robertson / The National
    The Siemens building is a part of District 2020 in Dubai South that is set to open in phases this year. Antonie Robertson / The National
  • The Dubai team of Siemens engineers, researchers, logistics experts will make the new District 2020 their base. Antonie Robertson / The National
    The Dubai team of Siemens engineers, researchers, logistics experts will make the new District 2020 their base. Antonie Robertson / The National
  • The Siemens smart city app provides real-time information on usage of everything from air conditioning units and air quality to irrigation and electricity. Photo: Siemens
    The Siemens smart city app provides real-time information on usage of everything from air conditioning units and air quality to irrigation and electricity. Photo: Siemens
  • A visit to the Siemens building was on the agenda of national and global delegations during Expo 2020 Dubai, keen to see energy efficiency and sustainability benefits in future developments. Photo: Siemens
    A visit to the Siemens building was on the agenda of national and global delegations during Expo 2020 Dubai, keen to see energy efficiency and sustainability benefits in future developments. Photo: Siemens
  • Water leaks can quickly be detected and controlled by the smart city app. Photo: Siemens
    Water leaks can quickly be detected and controlled by the smart city app. Photo: Siemens
  • Software experts and engineers also handle airports, logistics and cargo in another centre in Dubai South near the Expo site. Photo: Siemens
    Software experts and engineers also handle airports, logistics and cargo in another centre in Dubai South near the Expo site. Photo: Siemens
  • The app can be used by tenants in District 2020 and promises to make buildings and outdoor areas safer and more sustainable for residents. Photo: Siemens
    The app can be used by tenants in District 2020 and promises to make buildings and outdoor areas safer and more sustainable for residents. Photo: Siemens
  • The experience centre in the Siemens building at Expo 2020 Dubai explains the cloud-based digital infrastructure that analyses data in buildings across the site. Antonie Robertson / The National
    The experience centre in the Siemens building at Expo 2020 Dubai explains the cloud-based digital infrastructure that analyses data in buildings across the site. Antonie Robertson / The National

Germany's Siemens to move hundreds of staff to Expo 2020 Dubai legacy site


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German engineering giant Siemens will be among the first to move into Dubai’s District 2020 when it opens later this year.

Hundreds of its staff will take up residence in a building close to Al Wasl Dome.

The company has pledged to roll out its cutting edge technology across the new community, including its “smart city” app that aims to reduce energy costs for residents.

District 2020 in Dubai South is set to open in October with the 4.38-square-kilometre area repurposed to host 145,000 residents and workers.

It aims to become the UAE's first 15-minute city, which means anything a resident needs can be reached within a quarter of an hour by foot or bike.

  • About 80 per cent of the buildings will remain in some form. Many were constructed so that they could be transformed to residential units or commercial space
    About 80 per cent of the buildings will remain in some form. Many were constructed so that they could be transformed to residential units or commercial space
  • A rendering of what District 2020 will look like once the fair is over and the country pavilions are removed. There are plans to have 145,000 people live here. All photos: Expo 2020
    A rendering of what District 2020 will look like once the fair is over and the country pavilions are removed. There are plans to have 145,000 people live here. All photos: Expo 2020
  • Cycling and walking are a major part of the mobility plans for the area
    Cycling and walking are a major part of the mobility plans for the area
  • All amenities in the area will be reachable with a 15-minute walk
    All amenities in the area will be reachable with a 15-minute walk
  • Expo 2020 Dubai visitors can see plans for District 2020 at the experience hub in the Rove Expo 2020 hotel
    Expo 2020 Dubai visitors can see plans for District 2020 at the experience hub in the Rove Expo 2020 hotel

Now Helmut von Struve, chief executive of Siemens Middle East, has revealed for the first time what his company's presence there means for residents and how its technology — successfully deployed at Expo 2020 Dubai covering an area twice the size of Monaco — could transform their lives.

We are really very happy that we have an opportunity to stay here,” Mr Von Struve told The National. “This is a brilliant opportunity for the future.”

Siemens will make a start with about 250 engineers, researchers and logistics experts moving into a building it occupied near the Al Wasl dome during the Expo 2020.

Photographs of the building show futuristic interior displays in an “experience centre” to demonstrate the software that controls functions in more than 130 buildings across the site.

An app that helps

Helmut von Struve, chief executive of Siemens Middle East. 'Our team members are looking forward to moving,' he says. Antonie Robertson / The National
Helmut von Struve, chief executive of Siemens Middle East. 'Our team members are looking forward to moving,' he says. Antonie Robertson / The National

After the world’s fair ended in Dubai in March, about 80 per cent of the buildings and infrastructure remain, along with the software and sensors installed in them.

More than 15,000 cameras operated by Siemens across the site feed data to site managers and an access control system connects about 5,500 doors. MindSphere, an operating system, controls temperature, checks heating, air conditioning, fire alarm systems, ventilation and electricity usage. Residents can then access this data through the “smart city” app.

“We are extremely proud that we have been able to deploy our smart city app to connect the real world with the digital world,” Mr von Struve said.

“We have connected more than 130 buildings, taking the data, making it visual and contextualising it.”

“We measure air quality. When we get information of temperature readings — depending on the number of people in a building — we can adjust the air conditioning, make it more comfortable.

“This also enables energy savings because you don't need to operate air conditioning where there are no people.”

During the Expo, a visit to the Siemens building was on the agenda of global delegations keen to see energy efficiency and sustainability benefits in future developments.

“It’s a blueprint and we were very happy to deploy such technology in an environment twice the size of Monaco,” he said.

Savings for residents

The integrated system will allow residents to track their use of air conditioning, water and electricity.

Software readings will alert residents when the temperature in a room has reached the optimal level and can be remotely switched off.

Mr von Struve spoke of big savings on water usage.

“If you have irrigation systems with a leakage, normally these leakages are not immediately detected,” he said.

“With this system, you can zoom into the zone of the leakages and operators are able to switch off a certain valve to minimise it.”

A precise amount of fertilisers can be used in green areas avoiding wastage.

“The energy efficiency is for each of the tenants, be it a commercial tenant or of the residential unit because the whole aim of the development of District 2020 is a human-centric city.”

Smart city tie-ups

The Siemens centre in the new District 2020 will be a test bed for innovation. Photo: Siemens
The Siemens centre in the new District 2020 will be a test bed for innovation. Photo: Siemens

Striking architectural structures, two large parks, walking and cycle paths are some distinctive features of District 2020.

Mr von Struve was upbeat about collaborations that would unfold in the district that aims to attract sharp minds from academia and the business world.

The company conducted hackathons with start-ups for technology solutions during the world’s fair and envisions more such contests.

“Sustainability is so important for the country, for us as individuals and for the globe,” he said.

“Being part of such a district that will continue to develop and will host not only companies like ourselves, but also academia, start-ups, that is extremely positive.

“Our team members are looking forward to moving. There are cycling tracks and a lot of offerings that will contribute to a fantastic experience.”

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If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

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10. Substance and CbC reporting focus

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UAE currency: the story behind the money in your pockets
Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
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These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free

Buy tickets at: wbworldabudhabi.com/en/tickets

 

 

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December 14-16 The Gulf 12 Hours Endurance race

March 5 Yas Marina Circuit Karting Enduro event

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Videographer: Jear Velasquez 

Photography: Romeo Perez 

Fashion director: Sarah Maisey 

Make-up: Gulum Erzincan at Art Factory 

Models: Meti and Clinton at MMG 

Video assistant: Zanong Maget 

Social media: Fatima Al Mahmoud  

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