ADFD leads the way in the adoption of advanced AI technologies in the UAE
A delegation from the Abu Dhabi Fund for Development (ADFD) and the Export Office met with representatives from technology holding company G42 to discuss how the Fund can help strengthen its position as a global leader in the field of artificial intelligence and cloud computing. The G42 representatives shared their vision on how they could make the most of the collaboration with the Fund to achieve their growth and expansion objectives.
In addition, they highlighted G42's contribution to technology entrepreneurship and innovation in the UAE, and discussed how the Fund could support the development of their projects. Overall, the meeting was an important step towards strengthening Abu Dhabi's position as a global hub for advanced technology. The Fund delegation pledged to work with G42 to broaden its horizons in global markets and enhance its global competitiveness. They will offer strategic advice, as well as funding and technical assistance to grow and expand.
Mohamed Saif al-Suwaidi, director general of ADFD and chairman of ADEX's Export Executive Committee, led a delegation to G42's headquarters in the UAE to discuss cooperation for a partnership between the two entities. The delegation also included Rashid al-Kaabi, director of ADFD's Investment Department, and Khalil al-Mansouri, acting director general of ADEX. The ADFD-ADEX and G42 leaders discussed a wide range of topics, including cooperation in the development of projects related to artificial intelligence and information technology. The delegation was welcomed by Peng Xiao, CEO of G42 Group, Talal al-Kaissi, CEO of G42 Cloud, and Thomas Pramotedham, CEO of Pre Sight AI. The ADFD and ADEX delegation's visit to G42 aimed to strengthen cooperation between the two and leverage ADFD's offerings to support Emirati companies operating in AI sectors. In addition, the meeting was an opportunity for G42 to present its various businesses to delegates and showcase its expertise in driving digital transformation to further cement the UAE's position as a global hub for innovation.
G42 CEO Ali Kaissi thanked ADFD and ADEX for their support in encouraging UAE companies to expand beyond their borders. This, in turn, enables them to offer innovative technology solutions and digital transformation in other markets. At the same time, Kaissi appreciated the access to financing provided by the fund, thus helping UAE companies improve their competitiveness in the international market.
The Digital Angola 2024 National Transformation Programme is a joint initiative between the Government of Angola, ADFD, Presight.ai and G42 Cloud to modernise digital infrastructure, improve operational efficiency and improve the quality of life of the population. The programme aims to improve the resilience of Angola's health and education systems, as well as telecommunications infrastructure and the digital economy. As part of the agreement, ADFD will provide funding for the acquisition of Presight.ai's technology and for the implementation of the technology through the G42 cloud. Furthermore, the agreement includes the creation of a partnership between ADFD, Presight.ai and G42 Cloud to promote the development of cutting-edge technology solutions for Angola's public sector. This partnership will allow the Angolan country to access technological advances that have been proven in a variety of sectors in other countries. Moreover, it demonstrates Angola's commitment to embrace technology and digital solutions to improve its economy and quality of life. This initiative will establish a digital innovation platform and develop a sustainable digital ecosystem for the future. This will be achieved through the use of advanced data analytics, artificial intelligence, machine learning and cloud computing technologies, among others, to improve the performance of Angola's health, education and telecommunications systems.