Latest news with #AIFC
Al Etihad
12-05-2025
- Business
- Al Etihad
Crown Prince of Abu Dhabi and President of Kazakhstan visit Astana International Financial Centre, attend UAE-Kazakhstan Business Forum and witness exchange of agreements
12 May 2025 20:30 ASTANA (ALETIHAD)His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has visited Astana International Financial Centre (AIFC) in the Kazakh capital, Astana, accompanied by His Excellency Kassym-Jomart Tokayev, President of the Republic of the visit, His Highness was briefed on AIFC's advanced financial and investment services, modern infrastructure and strategic projects aimed at positioning Kazakhstan as a regional and global hub for finance and Highness met AIFC personnel and reviewed the centre's role in supporting business ecosystems, attracting investments and facilitating international financial Highness highlighted the importance of exchanging knowledge and building partnerships between financial institutions in the UAE and Kazakhstan to promote sustainable economic growth and enhance bilateral cooperation in finance and investment, benefitting both nations and their the visit, His Highness and His Excellency the President of Kazakhstan also attended the UAE–Kazakhstan Business Forum, held in the presence of senior officials, business leaders and investors from both nations. The forum aims to explore investment opportunities and strengthen efforts to increase mutual investments across key economic sectors, supporting shared goals for sustainable economic Highness reaffirmed the forum's pivotal role in providing a platform to establish long-term strategic partnerships, exchange expertise and investment knowledge, and enhance comprehensive economic Highness also highlighted the forum's role in fostering a resilient, attractive and future-ready investment environment in both countries, supporting the ambitions and aspirations of the two nations and their leaderships, and ensuring a better future for the upcoming generations. On the sidelines of the forum, His Highness and His Excellency witnessed the signing and exchange of several cooperation agreements and memorandums of understanding (MoUs) between public and private sector entities from both agreements covered key sectors such as artificial intelligence, smart city and data centre development, data protection, ports and logistics, education, agriculture, and food a UAE-based company specialising in artificial intelligence and advanced technologies, signed a strategic cooperation agreement with KMG Engineering to support the development of AI solutions and facilitate knowledge exchange in this vital the data centre development sector, Presight AI signed an MoU with Kazakhstan's Ministry of Digital Development, Innovations and Aerospace Industry, and the Akimat of the city of Astana, to establish a cutting-edge data centre that will support the smart city project and enhance national capabilities in digital transformation, AI and the maritime transport and logistics services sector, AD Ports Group and Semurg Invest company exchanged a preliminary agreement to jointly design, develop, finance and operate the Sarzha Multipurpose Terminal at the Kuryk Seaport on the Caspian group also signed an MoU with Kazakh Invest company to promote bilateral trade relations and enhance mutual economic cooperation through joint events, exchange of information and other Group signed three MoUs with Kazakhstan's National Chamber of Entrepreneurs 'Atameken', Kazakh Invest, and the Special Economic Zone Aktau Seaport. These agreements aim to foster collaboration, enable knowledge exchange and explore future partnership the data protection domain, the Office of Data Protection within ADGM and the Data Protection Office at AIFC signed an MoU to strengthen international cooperation and provide mutual support in the enforcement of personal data protection the education sector, the Emirates Kazakhstan Education Investment Group and the Education Board of Astana signed a Memorandum of Cooperation to construct SABIS International School - Astana, forming a long-term partnership focused on delivering quality education tailored to meet the needs of future the agriculture and food production sector, Al Khaleej Sugar signed an agreement with Kazakhstan's Ministry of Agriculture to develop a state-of-the-art sugar processing plant in the Almaty Lulu Group signed an MoU with Kazakhstan's Procurement and Logistics Council to expand bilateral food trade and agricultural supply the visit to AIFC and the forum, His Highness was accompanied by members of the official UAE forum also featured a series of thematic panel discussions reflecting strategic cooperation priorities between the two countries. The Digital Frontiers session explored how emerging technologies can transform critical sectors such as healthcare, food security and telecommunications. The New Growth Strategies in Finance session examined opportunities and challenges stemming from financial technologies. The Future of Urban Development session focused on innovation in real estate and construction to achieve urban sustainability, while the Accelerating the Energy Transition session addressed renewable energy solutions and mechanisms to advance green transformation. The forum also included bilateral meetings between public and private sector representatives from both countries to explore opportunities for new investment and trade partnerships that support sustainable development goals.
TECHx
14-03-2025
- Business
- TECHx
Presight Expands AI and Smart City Initiatives in Kazakhstan - TECHx Media Presight Expands AI and Smart City Initiatives in Kazakhstan
Presight Expands AI and Smart City Initiatives in Kazakhstan News Desk - Share Presight, a global big data analytics company, is taking significant steps to support Kazakhstan's digital transformation efforts. CEO Thomas Pramotedham met with President Kassym-Jomart Tokayev to discuss expanding cooperation in high-performance computing (HPC), digital transformation, and the implementation of advanced AI technologies in the country. The meeting focused on the strategic importance of developing digital infrastructure, including the establishment of a supercomputer cluster in Kazakhstan, as well as the localization of technology and increasing participation from Kazakhstani companies in joint initiatives. The $190 million smart city project in Astana was also a major topic of discussion. This project, a partnership with the City of Astana, will integrate AI-driven solutions to enhance urban infrastructure management. Key initiatives include the establishment of an AI command center at National Centre for Artificial Intelligence, aimed at improving the efficiency of municipal services. Presight will deploy cutting-edge AI algorithms for predictive traffic analytics, automated incident detection, vehicle recognition, and anomaly detection, optimizing urban operations and reducing response times to incidents. CEO Thomas Pramotedham praised Kazakhstan's leadership in adopting smart nation technology and expressed full support for the initiative. He highlighted that Presight is ready to provide the necessary technology, expertise, and resources to position Kazakhstan as a leader in the digital economy. This meeting comes after Presight's 2024 appointment by the Kazakhstan Ministry of Digital Development and Samruk-Kazyna to develop a state-of-the-art AI supercomputer and data center cluster to further the country's digital transformation. Presight is also involved in discussions with Zhenis Kassymbek, Mayor of Astana, regarding the launch and progress of the smart city project, as well as with Magzhan Madiev, CEO of Astana Hub, on the integration of the AI command center at Further meetings with Renat Bekturov, Governor of the Astana International Financial Centre (AIFC), focused on potential investment opportunities within the AIFC ecosystem. As part of its commitment to Kazakhstan's economic growth, Presight has pledged that 60% of the smart city project's scope will remain within Kazakhstan, creating jobs and contributing to local value creation. The company is rapidly expanding its office and workforce in the country to support the IT sector's growth and the nation's AI and digital economy ambitions. Through the ethical use of AI-driven solutions, Presight aims to improve public services, digitized infrastructure, and urban safety in Kazakhstan, driving a smart city transformation that will position the country as a leader in digital innovation in Central Asia.
