EON Reality’s latest expansion in the Middle East will feature ground-breaking technology and a hub for entrepreneurship at the AR and VR Center.
EON Reality, the global leader in Augmented and Virtual Reality-based knowledge and skills transfer for industry and education, announces a new partnership with NEST the National company for Educational Services and Training, which is a fully owned subsidiary of the National Technology Enterprises Company (NTEC) in Kuwait to bring an AR and VR Center to the region. It will be a cultural hub for co-creation and learning for all XR entrepreneurs, engineers, scientists and students. The XR Hub aims to become the largest innovation, development and startup center dedicated to VR and AR technologies.
As a Kuwaiti governmentally owned organization that focuses on transferring Knowledge and Technology into Kuwait and the region and to diversify the nation’s revenue streams, NEST saw EON Reality as the logical provider for such possibilities within the VR industry. By developing a VR-based center in Kuwait, EON Reality will be able to help kickstart the EdTech movement within the country while also helping both small and large businesses to adopt modern technologies.
To better fulfill these aspirations, EON Reality has already begun working with NEST to develop agreements with local academic institutions as well as major players in Kuwait’s primary and existing industry of oil and gas. Through these partnerships, NEST and EON Reality hope to spread digital transformation across the country, with rollouts happening throughout academia and enterprise.
“I see this partnership with NEST becoming a very valuable agreement and one of our strongest Centers in the Middle East and Western Asia. Kuwait is a country that is primed for a digital revolution, and I believe that EON Reality could be the driving force in helping students, teachers, employers, and employees to modernize their learning and training techniques for every topic and industry. I cannot wait to start building a new culture around this Center and assisting the Kuwaiti people.”Dan LejerskarFounder of EON Reality
For Kuwait, the new Center marks the next step in the nation’s movement to embrace high-end technology to move the country’s economy away from its traditional dependencies on oil and gas. By welcoming the rapidly growing field of AR and VR, NEST knows that they’re putting themselves in a position to expand into several other industries and take a leadership position within the region in technology as well.
“NEST encompassed a mission to lead both government and private sectors in the development and application of leading-edge technology; and a vision to become the Middle East's technology & knowledge transfer platform. Through NEST’s partnership with EON Reality and launching the XR Hub in Kuwait, our society’s training and learning mechanisms will evolve and ultimately we will be equipping our future Kuwaiti leaders with cutting edge technologies and anchoring an innovative educational center.”Anas MeerzaGroup CEO of NTEC
About EON Reality
EON Reality is the world leader in Augmented and Virtual Reality-based knowledge and skills transfer for industry and education. EON Reality’s 21 years of success are tied to its belief that knowledge is a human right and should be available, accessible, and affordable for every human on the planet. To carry this out, EON Reality has developed the de-facto standard for Augmented Reality and Virtual Reality-based knowledge and skills transfer software that supports devices from mobile phones to large immersive domes. EON Reality’s global development network — with more than 20 locations worldwide — has created the world’s leading AR/VR library for education and industry with over 8,000 applications and over 40 million users worldwide.
NEST is a company that specializes in education & training. It is a subsidiary of National Technology Enterprises Company (NTEC), which is fully-owned by Kuwait’s Sovereign Fund – the Kuwait Investment Authority (KIA). NTEC is capitalized at 100 million Kuwaiti Dinars, ($330m) and NEST was founded in 2019 as part of an effort to fulfill NTEC’s mandate to transfer technology and knowledge into Kuwait and the region.
NEST recognizes that dynamic education is vital to Kuwait progression as a nation. As such, NEST decided to address the knowledge gap that exists currently in the Kuwaiti educational market through educational development and educational technologies, (EdTech). NEST’s vision for the future is across the full value chain of education; this includes K-12 schooling, a leadership institute, a vocational training center, and even a full-fledged university that offers dual degrees in partnership with global prestigious educational institutions. NEST believes AR/VR can be integrated across the full education value chain. Additional information can be found at www.nest.edu.kw.