[ad_1]
Abu Dhabi Foundation for Development (ADFD) and Abu Dhabi Export Office (ADEX) have been in discussions with Abu Dhabi AI, G42 Joint Strategic Cooperation. They explored how to strengthen the Fund’s role in enabling national industries to broaden their horizons in global markets and gain competitiveness on a global scale.
Mohammed Saif Al Suwaidi, Director General of ADFD and Chairman of the Export Executive Committee of Abu Dhabi Export Office, led a delegation to visit G42. The team includes Rashid Al Kaabi, Director, Investment Department, ADFD; and Khalil Al Mansouri, Acting Director, Abu Dhabi Export Office.
The ADFD-ADEX delegation was received by Peng Xiao, CEO of G42 Group, Talal Al Kaissi, CEO of G42 Cloud, and Thomas Pramotedham, CEO of Presight AI.
Pioneering role
Al Suwaidi praised the pioneering role played by the G42 in the field of advanced technologies, emphasizing the importance of the country’s private sector in supporting the UAE’s economic development process.
The visit aims to strengthen the cooperation between the two parties and strengthen the country’s position as a global technology hub by using ADFD’s products to support UAE companies operating in the field of AI and expand their presence in the global market.
Xiao emphasized the importance of ADFD and ADEX delegations visiting the company. The conference is an opportunity for the G42 to introduce its various businesses to delegates and showcase its expertise in driving digital transformation locally and internationally, further cementing the UAE’s position as a global innovation hub.
de-risking process
Al Kaissi said: “We are very grateful for the visits of ADFD and ADEX, who have been very supportive in encouraging UAE companies such as the G42 to go abroad and de-risk many of the factors associated with international expansion. This in turn has enabled us to Technology and digital transformation have allowed us to export our products to different markets. In addition, their support provides us with a unique opportunity to take advantage of the financing options offered by the Fund, enabling UAE companies to enhance their global position and competitiveness.”
In February 2023, ADEX, the export finance arm of ADFD, signed a financing agreement with the Angolan government for the 2024 Digital Angola National Transformation Program worth AED 330 million (US$ 90 million). The deal includes the provision of a digital platform, as well as a big data analytics solution provided by Presight.ai and powered by G42 Cloud. — trade arab news agency
[ad_2]
Source link