Latest news with #UAE-Italy
Al Etihad
20-05-2025
- Business
- Al Etihad
G42, iGenius join forces to deploy Europe's largest AI compute cluster
20 May 2025 18:10 ABU DHABI (ALETIHAD) In a major step toward deepening the UAE-Italy strategic relations, G42, the leading AI technology group from Abu Dhabi, through its subsidiary Core42, on Tuesday announced a strategic partnership with iGenius, a pioneer in AI models for highly regulated industries, to deliver the largest AI compute deployment in partnership reflects the growing momentum in bilateral ties, aligned with both nations' leadership vision to drive innovation, enable economic advancement, and create shared value through advanced technology and knowledge agreement is intended to establish a robust framework for collaboration, positioning G42 as a trusted enabler of global digital transformation - particulary highlighting Core42's pivotal role in the AI infrastructure partnership. It also reflects the shared ambition to embed AI into critical value chains, fostering regional resilience and long-term sustainable announcement was made on the sidelines of 3rd Edition of Investopia Europe, in the presence of senior Italian ministers and UAE officials such as Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Investopia; Adolfo Urso, Minister of Enterprise and Made in Italy; and Alia bint Abdulla Al Mazrouei, Minister of State for Entrepreneurship, among others along with the leadership team of G42, Core42, and the heart of the partnership is the deployment of a high-performance GPU cluster powered by thousands of NVIDIA Blackwell GPUs, a major milestone in enabling sovereign AI infrastructure for the European envisaged pan-European AI rollout will be enabled and operated by Core42, a G42 company specialising in sovereign cloud, AI infrastructure, and digital services. iGenius is redefining the digital landscape through the first data center, Colosseum, with over 100 Exaflops of compute designed specifically for sovereign AI initial build out is more than a data centre – It's a blueprint for sovereign AI factories designed for use cases demanding the highest levels of security, reliability, and compute cluster will serve as a foundational layer to accelerate AI training, inferencing, and application development across key European industries, including financial services, manufacturing, and the public sector. It is purpose-built to meet the region's growing demand for secure, scalable, and high-performance infrastructure, aligned with Europe's digital sovereignty on this development, Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Investopia, said, 'The signing between G42 and iGenius is a testament to the strong economic cooperation between the UAE and Italy, and to our shared commitment to building partnerships in new economic sectors, like AI, that are driving global transformation. The UAE is at the heart of this shift, and we are proud to see this MoU signed at Investopia, a platform designed to accelerate partnerships and investment in the new economy.'Kiril Evtimov, Group Chief Technology Officer, G42 and Chief Executive Officer, Core42, stated, 'This partnership with iGenius marks a new chapter in boosting the European AI economy. By combining Core42's sovereign AI infrastructure expertise with Italy's innovative leadership, we are laying the groundwork to support the next generation of AI innovation in Europe. It reflects both our commercial promise and the strategic trust between the UAE and Italy in advancing the global AI ecosystem.'Uljan Sharka, CEO at iGenius, added, 'Our alliance with G42 is a strategic step toward building sovereign AI capacity for Europe. Together, we are combining world-class compute infrastructure with deep AI expertise to deliver impactful solutions across industries, while strengthening Italy's role as a hub for responsible and transformative AI innovation.' The new collaboration with iGenius marks another pivotal step in Core42's journey to deliver sovereign, enterprise-grade AI infrastructure across the continent.
Channel Post MEA
20-05-2025
- Business
- Channel Post MEA
G42 And iGenius To Deploy AI Compute Cluster In Europe
In a major step toward deepening the UAE-Italy strategic relations, G42, the leading AI technology group from Abu Dhabi, through its subsidiary Core42, today announced a strategic partnership with iGenius, a pioneer in AI models for highly regulated industries, to deliver the largest AI compute deployment in Europe. The partnership reflects the growing momentum in bilateral ties, aligned with both nations' leadership vision to drive innovation, enable economic advancement, and create shared value through advanced technology and knowledge exchange. The agreement is intended to establish a robust framework for collaboration, positioning G42 and iGenius as trusted enablers of global digital transformation. G42 is serving both as a strategic partner and lead financier of the initial phase of Colosseum, reflecting the shared ambition to embed AI into critical value chains, which foster regional resilience and long-term sustainable growth. The announcement was made on the sidelines of 3rd Edition of Investopia Europe, in the presence of senior Italian ministers and UAE officials such as H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy and Chairman of Investopia, H.E. Adolfo Urso, Minister of Enterprise and Made in Italy, and H.E. Alia Bint Abdulla Al Mazrouei, UAE Minister of State for Entrepreneurship, among others along with the leadership team of G42, Core42, and iGenius. At the heart of the partnership is the deployment of a high-performance GPU cluster powered by thousands of NVIDIA Blackwell GPUs, a major milestone in enabling sovereign AI infrastructure for the European market, thanks to the contribution of iGenius's Colosseum, the first data center with over 100 Exaflops of compute designed specifically for sovereign AI workloads. The envisaged pan-European AI rollout will be enabled and operated by Core42, a G42 company specializing in sovereign cloud, AI infrastructure, and digital services. iGenius is redefining the digital landscape through Colosseum. The supercomputer is scheduled to go live in Italy this summer. The initial build-out is more than a data center. It's a blueprint for sovereign AI factories designed for use cases demanding the highest levels of security, reliability, and accuracy. H.E. Adolfo Urso, Minister of Enterprise and Made in Italy, stated: 'This agreement, which will lead to the creation of a supercomputer in our country, marks a decisive step forward in relations with the United Arab Emirates, confirming and enhancing both Italy's leading role in the global development of artificial intelligence and our contribution to European AI. There is a strong likelihood that Puglia will host this significant investment, but the cooperation of all local institutions will be essential to ensure the necessary energy support for its operation. Italy is on the right path and is building its industrial future with vision, through strategic alliances and cooperation in emerging technologies. The compute cluster will serve as a foundational layer to accelerate AI training, inferencing, and application development across key European industries, including financial services, manufacturing, and the public sector. It is purpose-built to meet the region's growing demand for secure, scalable, and high-performance infrastructure, aligned with Europe's digital sovereignty objectives. Commenting on this development, H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy and Chairman of Investopia, said, 'The signing between G42 and iGenius is a testament to the strong economic cooperation between the UAE and Italy, and to our shared commitment to building partnerships in new economic sectors, like AI, that are driving global transformation. The UAE is at the heart of this shift, and we are proud to see this MoU signed at Investopia, a platform designed to accelerate partnerships and investment in the new economy.' 'This partnership with iGenius marks a new chapter in boosting the European AI economy,' said Kiril Evtimov, Group Chief Technology Officer, G42 and Chief Executive Officer, Core42. 'By combining Core42's sovereign AI infrastructure expertise with Italy's innovative leadership, we are laying the groundwork to support the next generation of AI innovation in Europe. It reflects both our commercial promise and the strategic trust between the UAE and Italy in advancing the global AI ecosystem.' Uljan Sharka, CEO at iGenius, said, 'Our alliance with G42 is a strategic step toward building sovereign AI capacity for Europe. Together, we are combining world-class compute infrastructure with deep AI expertise to deliver impactful solutions across industries, while strengthening Italy's role as a hub for responsible and transformative AI innovation. This powerful infrastructure will serve as both the brain and the engine of intelligence, driving the Made in Italy transformation in this new AI industrial revolution.' The new collaboration with iGenius marks another pivotal step in Core42's journey to deliver sovereign, enterprise-grade AI infrastructure across the continent. As AI adoption accelerates across Europe, trusted, high-performance infrastructure will be key to realizing the region's digital ambitions. This collaboration between Core42 and iGenius reflects a shared commitment by the UAE and Italy to contribute meaningfully to that vision, enabling responsible, scalable, and sovereign AI solutions that support Europe's long-term competitiveness and technological leadership. 0 0
Al Etihad
10-04-2025
- Politics
- Al Etihad
Nahyan bin Mubarak receives Chair of Italian Senate's Foreign Affairs, Defence Committee
10 Apr 2025 16:59 ABU DHABI (WAM)His Highness Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, received today in his majlis in the capital, Abu Dhabi, Stefania Gabriella Anastasia Craxi, Chair of the Foreign Affairs and Defense Committee in the Italian Senate, along with the accompanying delegation, in the presence of Saqr Ghobash, Speaker of the Federal National the meeting, the two sides reviewed the strong friendship and bilateral cooperation between the UAE and the Republic of Italy, and explored ways to further develop relations across various sectors, particularly in foreign policy, defence, economy, culture, and education, in a manner that serves the mutual interests of both Highness Sheikh Nahyan bin Mubarak Al Nahyan welcomed Craxi and her accompanying delegation, expressing his delight at the visit, which reflects the depth of the historical ties between the UAE and stated, 'The UAE, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, believes in the importance of building bridges of cooperation and dialogue with countries around the world. The UAE-Italy relationship stands as a successful model of a partnership based on mutual respect and shared interests.'He added, 'We value the role Italy plays on the international stage, and we believe in the importance of strengthening cooperation between our countries in addressing global challenges, particularly those related to climate change, food security, energy, education, youth empowerment, and the promotion of tolerance and peaceful coexistence. In this regard, the UAE remains open to fruitful collaboration with its global partners in pursuit of a better future for all.'He also emphasised that the ties between the UAE and Italy are rooted not only in political and economic interests, but also in deep cultural, humanitarian, and civilisational noted, 'We believe that cultural and human understanding is the cornerstone of any successful international relationship. Our partnership with Italy has proven to be one based on a shared appreciation of peace, openness, and respect for diversity—values that are at the heart of our international relations and domestic policies.'Sheikh Nahyan expressed the UAE's aspiration to expand cooperation with Italy in the coming period, particularly in the fields of innovation, technology, scientific research, and cultural exchange through joint initiatives, festivals, and Craxi expressed her deep appreciation for the warm reception and generous hospitality, commending the UAE's pioneering role in fostering international dialogue and promoting a culture of tolerance and peaceful also praised the significant progress achieved by the UAE in various fields and affirmed her country's keenness to strengthen ties with the UAE across multiple meeting also addressed a number of regional and international issues of mutual interest, with both parties stressing the importance of enhancing dialogue and cooperation among nations in confronting global challenges, foremost among them issues of security, stability, and sustainable also underscored the necessity of upholding the principles of international law and the rights of peoples to self-determination and dignified meeting concluded with both sides affirming the importance of continued consultation between the two countries and exploring new avenues of constructive cooperation across priority areas, in a way that fulfills the aspirations of their respective peoples for greater stability and prosperity. This visit comes as part of the UAE's ongoing commitment to strengthening its international partnerships and reinforcing its position as an influential and proactive player on the global stage—one guided by principles of humanity, coexistence, and comprehensive development.
Zawya
28-02-2025
- Business
- Zawya
UAE, Italy: Promising partnerships for sustainable, prosperous future
ROME - Economic relations between the UAE and Italy continue on an upward trajectory towards sustainable growth and development, driven by the direct support of both countries' leaderships and a series of promising investment and development projects in strategic and innovative sectors. The state visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the Italian Republic earlier this week has opened new avenues for cooperation between the two nations through the launch of a series of joint investment projects with the participation of business communities from both countries. These initiatives are expected to accelerate sustainable development, create job opportunities, and drive economic and social growth, contributing to further progress and prosperity. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, affirmed that UAE-Italy relations are experiencing one of their most prosperous periods, reflecting the shared commitment of both countries' leaderships to elevate their ties to new levels of a long-term strategic partnership aimed at achieving mutual economic growth. In a statement to the Emirates News Agency (WAM), Al Zeyoudi noted that this mutual commitment to strengthening strategic relations, particularly in trade and investment, was clearly demonstrated during the official visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan. The visit included meetings, discussions, and the signing of agreements and memoranda of understanding (MoUs) across various fields, including industry, advanced technology, artificial intelligence, energy, healthcare, culture, education, scientific research, defence, transport, space, mining, and economic partnerships with African nations. These agreements pave the way for broader strategic collaboration between the two countries. Al Zeyoudi added that these new agreements were complemented by the exploration of numerous trade and investment opportunities between the business communities of both countries during the UAE-Italy Business Forum, held in conjunction with the visit. The forum, attended by business leaders from both sides, witnessed the signing of several agreements and MoUs between Emirati and Italian companies, focusing on future economic sectors. He highlighted that Italy is the UAE's top trade partner within the European Union, with non-oil trade between the two countries reaching US$14.1 billion in 2024, marking a 21 percent increase compared to 2023. He further stated that the remarkable growth of over 50 percent in non-oil trade over the past five years underscores the promising potential for further expansion in bilateral trade. Expressing optimism about the long-term outcomes of President His Highness Sheikh Mohamed bin Zayed Al Nahyan's visit to Italy, Al Zeyoudi emphasised that it marks the beginning of a new era in the strategic relations between the two nations, built on achieving mutual benefits. The visit saw the signing of several cooperation agreements across various sectors, reflecting the UAE's commitment to forging impactful partnerships that anticipate future trends and foster shared prosperity, further strengthening the longstanding ties between the two nations. The UAE Ministry of Investment signed three MoUs with Italy to support joint investments and enhance cooperation in the pharmaceutical, minerals, data centres, and artificial intelligence (AI) sectors. These agreements aim to establish a framework for investment collaboration that promotes innovation, knowledge exchange, and the integration of technology and AI, advancing progress in value chains related to life sciences, metals, and technology in both countries. Additionally, Abu Dhabi Future Energy Company (Masdar), TAQA Transmission and Italy's Eni S.p.A. signed a framework agreement to advance their recently established trilateral strategic partnership with Albania. This partnership focuses on clean energy projects, including renewable energy and energy infrastructure, to enhance energy security, support sustainable development, and accelerate transformation in the energy sector across the Mediterranean region. EDGE Group strengthened its collaboration with ELT Group by signing a Letter of Intent during the Italy-UAE Entrepreneurial Forum. This move reflects the shared commitment of both parties to advancing technological innovation in the defence sector. The agreement underscores their joint efforts to harness advanced defence and technology solutions to address global security challenges. Furthermore, the Abu Dhabi Investment Office (ADIO) signed a strategic partnership agreement with Cassa Depositi e Prestiti (CDP), the National Promotional Institution (NPI) and International Development Cooperation organisation of Italy, to facilitate and enhance Italian investments in Abu Dhabi while enabling Emirati companies to capitalise on business opportunities in Italy. ADIO also signed an agreement with Italian telecommunications group TIM to support the company's plans to establish a regional headquarters in Abu Dhabi. The agreement aligns with TIM's strategy to expand its international presence and contributes to ADIO's efforts to position Abu Dhabi as a leading global hub for advanced digital communications and future technologies. These new partnerships further strengthen UAE-Italy relations, building on the Economic, Industrial, Technological, and Financial Cooperation Agreement of 1984 and the Investment Promotion and Protection Agreement of 1995 between the two governments. Through these collaborations, the UAE and Italy will explore investment opportunities and economic partnerships by leveraging governmental efforts to connect businesses and promote investment across various value chains. WAM/KN
Gulf Today
25-02-2025
- Business
- Gulf Today
UAE President, Italian PM discuss ways to strengthen bilateral relations in Rome
UAE President His Highness Sheikh Mohamed Bin Zayed Al Nahyan and Giorgia Meloni, Prime Minister of the Italian Republic, on Monday discussed cooperation between the UAE and Italy as part of the strategic partnership between the two countries. The discussions took place during a meeting between the UAE President and the Italian Prime Minister at Chigi Palace in Rome as part of Sheikh Mohamed's state visit to Italy. Meloni welcomed Sheikh Mohamed and the accompanying delegation, expressing her hope that the visit would provide a strong impetus in advancing bilateral cooperation. The two sides reviewed the ongoing development of their relations, particularly in the fields of economy, investment, advanced technology, artificial intelligence, renewable energy, and sustainability, in addition to cultural exchange. They reaffirmed that their strategic partnership serves as a key framework to advance ties and fulfil the aspirations of their people for further growth and prosperity. Sheikh Mohamed noted that UAE-Italy relations date back to the first year of the UAE's founding as a nation and have grown over the years into a strategic partnership. He affirmed the UAE's commitment to achieving the aims of this partnership and elevating it to the level of a comprehensive strategic partnership to serve the interests of both nations and their peoples. Sheikh Mohamed stated that non-oil trade volume between the two countries reached $14.1 billion in 2024, marking a 21.2% increase compared to 2023. He emphasised that through enhanced cooperation, trade exchange between the two nations is expected to continue growing. Sheikh Mohamed also highlighted the shared interests of the UAE and Italy in sustainability and renewable energy, in addition to artificial intelligence and innovation. Additionally,Sheikh Mohamed underscored the cultural dimension of UAE-Italy relations and the two countries' commitment to strengthening cultural exchange and collaboration while deepening people-to-people ties. He expressed hope that the UAE's announced $40 billion investment in Italy would contribute to the development and prosperity of both countries and their peoples. For her part, Meloni emphasised her country's keenness to continue strengthening cooperation with the UAE to serve shared interests. Attending the meeting were Sheikh Abdullah Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs; Sheikh Mohammed Bin Hamad Bin Tahnoon Al Nahyan, Advisor to the UAE President; several members of the delegation accompanying the UAE President; ministers, and senior officials from the Italian side.
