Latest news with #SAIF
Al Etihad
29-05-2025
- Business
- Al Etihad
IHC concludes participation in MIITE with over 30 strategic announcements
29 May 2025 12:52 ABU DHABI (ALETIHAD)International Holding Company (IHC), the Abu Dhabi-headquartered global investment group, concluded its dynamic participation at the Make it in the Emirates (MIITE) Forum 2025, showcasing its multi-sectoral strength and commitment to the UAE's industrial transformation. Organised by the Ministry of Industry and Advanced Technology, the four-day event witnessed IHC bringing together over 25 of its Group companies under a single pavilion, with more than 30 strategic announcements and active engagement in 27 high-level panel its role as a national economic catalyst, IHC and its subsidiaries committed more than Dh5.6 billion in industrial investments over the next five years. These included agreements, product launches, factory expansions, and new facility announcements spanning clean energy, real estate, AI, advanced technology, space, and of the forum's highlights was the launch of SAIF (Smart Artificial Intelligence Facilitator), the UAE's first domestically developed AI marketplace. Built in the Emirates, SAIF is the world's first AI agent designed to simplify developer access to GPUs and large language models, setting a new benchmark for regional AI decarbonisation platform EPointZero signed a 1 GWh battery storage deal with Enercap by Apex Energy—one of the world's largest such transactions in 2025. In a further clean energy initiative, Enercap partnered with ROX Motor to jointly develop supercapacitor systems for next-generation electric vehicles manufactured in the the real estate sector, Aldar announced its adoption of hydrogen-based steel rebars from Emsteel for the construction of Abu Dhabi's first net-zero carbon mosque. This marks a significant step forward in sustainable construction practices in the also entered into an agreement with International Resources Holding (IRH), IHC's mine-to-market platform, to achieve full decarbonisation across IRH's global mining bolstering the UAE's space capabilities, Orbitworks—an IHC venture focused on satellite technologies—unveiled Altair, a ten-satellite Earth observation constellation enabled with artificial intelligence. The satellites will be assembled and integrated in Abu Dhabi, further reinforcing the nation's aspirations in advanced manufacturing and space Basar Shueb, CEO of IHC, said:"Our strong participation at MIITE reflects IHC's unwavering commitment to building the industries of tomorrow—industries rooted in innovation, sustainability, and national capability. Over these four days, we translated vision into action through strategic partnerships, groundbreaking platforms, and deep industrial alignment. Our strong performance in In-Country Value underscores IHC's role in advancing the UAE's localisation agenda and creating long-term economic resilience. As we look to 2026 and beyond, IHC will continue to be a driving force in shaping the UAE's global competitiveness and delivering sustainable value for future generations."IHC's longstanding partnership with the UAE's In Country Value (ICV) programme was reinforced by strong performance across its portfolio. PureHealth, the country's largest integrated healthcare platform, remains on track to reach an ICV-qualified spend of Dh13 billion by 2032. Its brand SEHA reported the highest ICV score in the national healthcare sector at 81.13%, while health insurer Daman achieved an impressive 71.86%.Aldar confirmed it had reinvested Dh10 billion into the local economy in 2024 and achieved a 71% ICV score. NMDC Group, a leader in engineering and marine services, received the ICV Excellence Award in the Semi-Governmental Manufacturers category. NMDC Energy alone reported Dh27 billion reinjected into the local economy and pledged an additional Dh17 billion in future localisation commitments, attaining an overall Group ICV score of 81.2%.IHC's financial services capabilities were also on display at MIITE 2025, with two landmark agreements signed with First Abu Dhabi Bank (FAB). The deals appointed FAB as IHC's exclusive house bank and introduced the FAB Business App across IHC's portfolio companies to streamline financial integration and enhance digital industrial collaborations included a strategic agreement between NMDC Energy and Al Gharbia to boost domestic pipeline manufacturing in support of regional infrastructure development. Emircom's DCV Industries, another IHC subsidiary, signed an MoU with Legrand to deliver integrated, high-performance infrastructure solutions for the next generation of data centres. IHC has confirmed its return to the MIITE Forum in 2026, to be held from May 4 to 7. The Group will again showcase its broad industrial footprint and its continued alignment with the UAE's vision for economic diversification, industrial self-sufficiency, and sustainable growth.
Trade Arabia
22-05-2025
- Business
- Trade Arabia
AGENT SAIF UNVEILED IHC launches UAE-built global marketplace for AI
IHC, a global investment company focused on building dynamic value networks, has launched a pioneering marketplace for artificial intelligence solutions, powered by the first Emirati AI Marketplace Agent 'SAIF'. more…
Trade Arabia
22-05-2025
- Business
- Trade Arabia
IHC launches UAE-built global marketplace for AI
IHC, a global investment company focused on building dynamic value networks, has launched a pioneering marketplace for artificial intelligence solutions, powered by the first Emirati AI Marketplace Agent 'SAIF'. The move is expected to reshape how AI is built, sourced, and deployed globally, said a statement. SAIF has been designed as a user-friendly interface to help UAE and global developers to access and directly purchase Graphics Processing Units (GPUs), AI modules, and custom AI stack designs. SAIF speaks over 5,000 languages, can be accessed on mobile and PC, and is accessible through voice, text or video call. He has been created to embody UAE values of trust, hospitality, speed and precision. Conceived, engineered, and developed in the United Arab Emirates, this marketplace is built in the UAE but designed for the world. It will serve as a transformative AI marketplace that empowers global developers to access, build, and deploy intelligent solutions seamlessly. As a catalyst for a new era in intelligent infrastructure, it reflects the UAE's and IHC's shared commitment to shaping a globally connected digital future, it said. Currently, many developers are unable to access cutting edge AI computing chips, or GPUs, and Large Language Models (LLMs) because of the bulk scale of purchase required from providers. Using IHC's scale, the new initiative will help developers to procure the technology they need directly through the new marketplace. Built with a vision to expand access to computational power and AI modules, the marketplace is designed to empower developers, companies, governments, and non-profit institutions to unlock the full potential of artificial intelligence. It will bridge the growing gap between demand for intelligent solutions and the complexity of sourcing and deploying them efficiently. Syed Basar Shueb, CEO of IHC, said: "The UAE continues to lead from the front in digital innovation, and this new AI marketplace is a testament to what is possible when national ambition meets cutting-edge execution. Developed here in Abu Dhabi, it will redefine the relationship between humans and intelligent systems. IHC is proud to play a role in this transformation by building new capabilities that are born in the UAE and built for the world." This initiative aligns closely with the UAE's long-term digital economy strategy and AI 2031 vision, which emphasize the critical role of advanced technology in shaping the nation's knowledge-based economy. It also reflects IHC's strategic focus on future-ready investments and its ongoing mission to accelerate digital transformation at scale. - TradeArabia News Service
Mid East Info
21-05-2025
- Business
- Mid East Info
Make it in the Emirates 2025 Concludes Successful Day Three under the Theme of Smart Manufacturing, Industry 4.0, and Artificial Intelligence
International Holding Company launches a new global marketplace for artificial intelligence Winners announced in the Innovative Startups Competition Specialist educational sessions held in the Vision and Momentum Halls, focused on smart manufacturing, Industry 4.0, and AI Abu Dhabi, May 2025 – The third day of Make it in the Emirates 2025 concluded with notable success under the theme Smart Manufacturing, Industry 4.0 and Artificial Intelligence , featuring a series of high-impact announcements and achievements that reaffirm the UAE's commitment to leading the future of manufacturing. One of the day's highlights was the launch of a new global marketplace for AI tools by International Holding Company. The platform aims to streamline developer access to the essential hardware and software required to build advanced AI systems. It is powered by SAIF (Smart AI Facilitator), a UAE-developed digital assistant that enables users to easily find and purchase computing chips, AI models, and other tools through a user-friendly interface accessible on both desktop and mobile devices. In another major development, a AED 120 million agreement was signed between Liwa Ship Building and Khalid Faraj Shipping to construct six new vessels. The day also saw the announcement of the winners of the Innovative Startups Competition, recognising excellence across five strategic categories. The competition supports pioneering startups developing AI-powered solutions for various industries and community sectors. The Abu Dhabi Investment Office (ADIO) announced the launch of a set of new talent development programmes designed to accelerate Emirati leadership across high-impact industrial roles. ADIO will deliver an Upskilling Talent Development Programme in collaboration with Rabdan Academy for more than 100 Emiratis currently employed in the industrial sector. These initiatives are designed to enhance professional growth, boost productivity and build a robust career path for UAE talent at all levels. Day three of the event—organised by ADNEC Group and hosted by the Ministry of Industry and Advanced Technology, in collaboration with the Ministry of Culture, the Abu Dhabi Investment Office, and ADNOC—focused on the UAE's leadership in Industry 4.0, artificial intelligence, and cutting-edge innovation. These areas form the backbone of future manufacturing, driven by automation and digital transformation. Sessions in the Vision and Momentum Halls explored the UAE's leadership in next-generation manufacturing and digital transformation. A keynote panel on Industry 5.0 examined the convergence of human creativity, robotics, and artificial intelligence in shaping a more sustainable and collaborative industrial future. Additional sessions highlighted the role of creative technologies, smart factories, AI-enabled supply chains, energy-efficient data infrastructure, and the future of chemical production. These themes continue to reinforce the UAE's position as a global hub for advanced, sustainable industries. The successful conclusion of day three underscores the UAE's ongoing efforts to build a globally competitive industrial economy powered by innovation and advanced technology—serving society and driving sustainable development.
Zawya
21-05-2025
- Business
- Zawya
IHC launches UAE-built global marketplace for AI to accelerate access to advanced intelligence
The Smart Artificial Intelligence Facilitator (SAIF) will provide developers with faster access to GPUs and LLMs. Built in the UAE, for the world – the new AI Marketplace positions the nation at the cutting edge of global innovation. Abu Dhabi, UAE – IHC, a global investment company focused on building dynamic value networks, has announced the launch of a pioneering marketplace for artificial intelligence solutions, powered by the first ever Emirati AI Marketplace Agent 'SAIF', that is expected to reshape how AI is built, sourced, and deployed globally. SAIF has been designed as a user-friendly interface to help UAE and global developers to access and directly purchase Graphics Processing Units (GPUs), AI modules, and custom AI stack designs. SAIF speaks over 5,000 languages, can be accessed on mobile and PC, and is accessible through voice, text or video call. He has been created to embody UAE values of trust, hospitality, speed and precision. Conceived, engineered, and developed in the United Arab Emirates, this marketplace is built in the UAE but designed for the world. It will serve as a transformative AI marketplace that empowers global developers to access, build, and deploy intelligent solutions seamlessly. As a catalyst for a new era in intelligent infrastructure, it reflects the UAE's and IHC's shared commitment to shaping a globally connected digital future. Currently, many developers are unable to access cutting edge AI computing chips, or GPUs, and Large Language Models (LLMs) because of the bulk scale of purchase required from providers. Using IHC's scale, the new initiative will help developers to procure the technology they need directly through the new marketplace. Built with a vision to expand access to computational power and AI modules, the marketplace is designed to empower developers, companies, governments, and non-profit institutions to unlock the full potential of artificial intelligence. It will bridge the growing gap between demand for intelligent solutions and the complexity of sourcing and deploying them efficiently. Syed Basar Shueb, CEO of IHC, said:"The UAE continues to lead from the front in digital innovation, and this new AI marketplace is a testament to what is possible when national ambition meets cutting-edge execution. Developed here in Abu Dhabi, it will redefine the relationship between humans and intelligent systems. IHC is proud to play a role in this transformation by building new capabilities that are born in the UAE and built for the world." This initiative aligns closely with the UAE's long-term digital economy strategy and AI 2031 vision, which emphasize the critical role of advanced technology in shaping the nation's knowledge-based economy. It also reflects IHC's strategic focus on future-ready investments and its ongoing mission to accelerate digital transformation at scale. Further details about the marketplace's capabilities, scope, and international partnerships will be revealed in the coming weeks. About IHC Established in 1999, IHC has become the most valuable holding company in the Middle East and one of the world's largest investment firms, with a market capitalization of AED 879.6 billion (USD 239.3 billion). Since then, it has transformed to represent a new generation of investors. IHC's commitment to sustainability, innovation, and economic diversification spans over 1,300 subsidiaries, driving growth across industries like Asset Management, Healthcare, Real Estate, Financial Services, IT, and more. IHC continually looks beyond the stand-alone value of its assets for opportunities, stepping outside of traditional approaches and artificial barriers to unlock opportunities across its portfolio, enabling sector-agnostic Dynamic Value Networks and creating results that are often much greater than the sum of their parts. At IHC, we take our responsibility to shareholders, customers, and employees seriously. Our commitment to responsible investment ensures that we create sustainable value by staying connected to the communities we serve, making a positive difference with every investment. Media Contacts Simon Hailes Managing Director, Head of Edelman Smithfield Middle East IHC@
