Beta Launch Saturday, 24 August 2019
Global Dow 3.79
2,835.68 0.13%
27 August 08:59 PM
S&P 500 4.08
2,443.05 0.17%
25 August 05:03 PM
EGX 23.25
12,949.65 0.18%
27 August 12:00 AM
TDWL -20.48
7,225.18 -0.28%
27 August 12:00 AM
DFM -21.94
3,602.55 -0.61%
27 August 12:00 AM
ADX -13.82
4,479.99 -0.31%
27 August 12:00 AM

Sense Time to establish EMEA Headquarters in Abu Dhabi

Strategic agreement made between SenseTime and the Abu Dhabi Office                                                                                                                      
At the China-UAE Reception celebrating 35 years of diplomatic relations, today, in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of  Abu  Dhabi and  Deputy Supreme Commander of the UAE Armed Forces, an agreement between the world leading Artificial Intelligence (AI) company Sense Time and the Abu Dhabi Investment Office (ADIO) was exchanged. As  part of the strategic partnership  agreement,Sense Time will establish the company’s EMEA R&D Head quarters in Abu Dhabi. Over the next five years, the company’s AI Centre of Excellenceis expected to create hundreds of jobs, most of which will be highly skilled engineers. 

SenseTime is reportedly the world’s highest valued and fastest growing pure-play AIcompany.As an AI innovation platform,SenseTime is taking the lead in offering AI as a value creation tool to  drive growth for businesses.The company is providing technology to enable autonomous driving, augmented reality, medical image analysis, remote sensing and photo  quality enhancement to name a few.

ADIO will provide a comprehensive support package to aid the establishment of SenseTime’s EMEA R&D operations. The agreement marks a key milestone in the Abu Dhabi Government’s Ghadan 21 Accelerator Programme that is working  to support innovation in industry as a means to diversify and build a knowledge -based economy for the Emirate.

Speaking at the signing of the agreement, His Excellency Saif Mohamed  Al Hajeri,  Chairman, Abu Dhabi Department of Economic Development (ADDED) said: “We are delighted to  welcome Sense Time to Abu Dhabi. As part of the Ghadan 21 programme , we are helping some of the world’s best companies  establish a presence in the Emirate to encourage innovation and create jobs of the future. This partnership is a critical opportunity for Sense Time to accelerate itsR&D road map, as well as its expansion in the region.SenseTime will act as an anchor to promote and stream line the adoption  of AI technologies across industry and governments in the EMEA region.”

Currently,SenseTime operates out of offices in mainland China, HongKong, Singapore andJapan.The AI Centre of Excellence in Abu Dhabi will be the company’s first presence in the EMEA region. The regional centre will focus on developing AI capabilities acrosss even different industries including healthcare, remote sensing and education.

XuLi,Co-founder and CEO of SenseTime, commented:“The opportunity to build a significant operation in AbuDhabi will allow us to continue to progress the development of our technologies and increaset head option of AIacross the world.AbuDhabi offers us the ability to focus on innovation in key sectors, opens up a new customer base and importantly, a new talent pool.”

SenseTime has a growing roster of more than 700 leading clients including Ali baba Group, China Mobile,Qual command Honda.The new R&D centre, supported by the Abu Dhabi government, will work to develop product solutions for regional clients with local talent.   

Elham Al Qasim, CEO of ADIO, commented:“SenseTime’s AI capabilities and developments will be of great value to businesses across the region. It will not only provide large companies across the region with AI technologies, but will also benefit from partnerships and collaborations with early- stage tech start-ups that are being established out of Abu Dhabi’s Hub71.ADIO is working to create a comprehensive ecosystem of tech companies at different stages of development, across a variety of industries.It will also provide a thriving environment for tech talent to establish careers and grow.”

 

RECOMMENDED

COMMENTS

There are no comments yet

LEAVE A COMMENT

Share with

My Account

Forgot password?

Create An Account

Forgot password?

Restore password

Subscribe to read
Already subscribed? Click here

For a limited time!
12 Months = 15 Months
24 Months = 32 Months
(Included Postal Fees worldwide)

Read, Explore Opportunities
Be connected with Business, Investment, Finance, Stock Exchange, Currencies, Development and International Cooperation

3 Months

18 USD / 60 AED

English Edition

Subscribe

3 Months

18 USD / 60 AED

Arabic Edition

Subscribe

3 Months

29.9 USD / 99 AED

Both Editions

Subscribe

6 Months

36 USD / 120 AED

English Edition

Subscribe

6 Months

36 USD / 120 AED

Arabic Edition

Subscribe

6 Months

59.9 USD / 199 AED

Both Editions

Subscribe

12 Months

72 USD / 240 AED

English Edition
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

12 Months

72 USD / 240 AED

Arabic Edition
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

12 Months

122 USD / 408 AED

Both Editions
Good Deal! 
(15 Months instead of 12 Months)

Subscribe

24 Months

144 USD / 480 AED

English Edition
Amazing Deal!
(32 Months instead of 24 Months)

Subscribe

24 Months

144 USD / 480 AED

Arabic Edition
Amazing deal!
(32 Months instead of 24 Months)

Subscribe

24 Months

240 USD / 799 AED

Both Editions
Amazing deal!
(32 Months instead of 24 Months)

Subscribe
* Terms and conditions apply.