Agreement Aims to Drive Local Innovation and Boost Global Competitiveness in International Trade & Logistics Markets
Abu Dhabi, UAE – 30 September 2024: Maqta Gateway, part of AD Ports Group’s (ADX: ADPORTS) Digital Cluster, today announced the signing of a Partnering Agreement with Presight AI Technologies LLC (ADX: PRESIGHT) to jointly deliver cutting-edge AI-powered digitalised solutions for trade and logistics with the objective of driving local innovation and elevating global competitiveness of their combined expertise in international markets.
Under the terms of this agreement, both parties agree to collaborate exclusively on the development and commercialisation of artificial intelligence and data analytics solutions for the trade of goods in the ports and maritime sectors.
The agreement lays the foundation for integrating Maqta Gateway’s decade-long trade digitalisation expertise and solution deployment experience with Presight’s big data and AI proficiency to deliver differentiated value to the market.
Commenting on the agreement, Dr. Noura Al Dhaheri, CEO of Digital Cluster and CEO of Maqta Gateway, AD Ports Group, said: “This agreement is a step forward in unifying the efforts of Abu Dhabi’s leading technology companies, Maqta Gateway and Presight, in providing unmatched digitalisation solutions to international markets within the trade and logistics value chain. We look forward to harnessing our combined strengths to positively disrupt trade and accelerate the pace of global trade transformation. Together, we will unlock the full potential of our unique capabilities in data analytics, Generative AI, and AI, leveraging our decade long expertise in trade and logistics domain, in line with our wise leadership’s vision.”
Thomas Pramotedham, CEO of Presight added: “We are excited to come together with Maqta Gateway – a leader in maritime technology who have been at the forefront of facilitating technologically advanced, innovative solutions for the trade and logistics sectors. Presight’s advanced big data analytics and Generative AI solutions will complement Maqta Gateway’s existing offerings and will positively impact maritime trade, logistics, and the industry at large while opening new opportunities for collaboration and growth.”
Established in 2016, Maqta Gateway is digitalising global trade through technologically advanced and innovative solutions for trade, ports, maritime, logistics, and industry. The digital arm and wholly owned subsidiary of AD Ports Group, Maqta Gateway is also spearheading the digital mandate of Abu Dhabi’s maritime, trade and government services and its digital solutions have integrated more than 70 entities within the UAE and globally, in line with world-class efficiency standards. Over 150 million transactions have been processed through Maqta Gateway’s digital solutions, offering rich data sets that enable exploring newer technologically advanced avenues for faster trade facilitation.
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For media information, please contact:
AD Ports Group Media Office
email: [email protected]
About AD Ports Group:
Established in 2006, AD Ports Group today serves as one of the world’s premier facilitators of logistics, industry, and trade, as well as a bridge linking Abu Dhabi to the world. Listed on the Abu Dhabi Securities Exchange (ADX: ADPORTS), AD Ports Group’s vertically integrated business approach has proven instrumental in driving the emirate’s economic development over the past decade.
Operating several clusters covering Ports, Economic Cities & Free Zones, Maritime & Shipping, Logistics, and Digital, AD Ports Group’s portfolio comprises 33 terminals, with a presence in over 50 countries, and more than 550 square kilometres of economic zones within KEZAD Group, the largest integrated trade, logistics, and industrial business grouping in the Middle East.
AD Ports Group is rated “A+” & “gcAAA” by S&P and “AA-” Outlook stable by Fitch.
For more information, please visit: adportsgroup.com
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About Maqta Gateway
Established in 2016, Maqta Gateway is digitalising global trade through technologically advanced and innovative solutions for ports, maritime, logistics, and industry. The digital arm and wholly owned subsidiary of AD Ports Group, Maqta Gateway is also spearheading the digital mandate of Abu Dhabi’s maritime, trade and government services and its digital solutions have integrated more than 70 entities within the UAE and globally, in line with world-class efficiency standards.
Maqta Gateway’s state-of-the-art digital solutions have fulfilled more than 15 million transactions, serving more than 27,000 users digitally, thus, eliminating physical visits and reducing CO2 emissions by an estimated 2 million tonnes.
For more information, please visit: maqta.ae
About Presight
Presight, an ADX-listed public company limited by shares, whose majority shareholder is Abu Dhabi based company G42, is the region’s leading big data analytics company powered by Artificial Intelligence (“AI”). It combines big data, analytics, and AI expertise to serve every sector, of every scale, to create business and positive societal impact. With its world-class computer vision, AI, and omni-analytics platform as its engine, Presight excels at all-source data interpretation to support insight-driven decision-making that shapes policy and creates safer, healthier, happier, and more sustainable societies.
For further information, please contact [email protected] or [email protected]
