Presight and Samruk Kazyna JSC announce joint venture to accelerate digital transformation in Kazakhstan

Presight and Samruk Kazyna JSC announce joint venture to accelerate digital transformation in Kazakhstan

Presight signs MoUs for initial pilot projects with QazaqGaz and KTZ Express as part of new joint venture to focus on bringing AI and analytics to key sectors of Kazakh economy

DUBAI, UAE: Presight AI Holding PLC (ADX: PRESIGHT), the region’s leading big data analytics company powered by generative AI, and the Kazakh Sovereign Wealth Fund Samruk-Kazyna, today announced a joint venture on the sidelines of COP28, in the presence of the President of Kazakhstan, H.E. Kasym Zhomart Tokayev, to establish a company to accelerate digital transformation in Kazakhstan, through deployment of Presight’s solutions and technologies.

At a meeting between business leaders of the UAE, the President of Kazakhstan H.E. Kasym Zhomart Tokayev, discussed the first projects of the joint venture with Thomas Pramotedham, CEO of Presight, concerning two leading Kazakhstan entities, QazaqGaz, the Kazakh national gas operator, and railway operator KTZ Express, which will deploy AI and information technology to enhance efficiency and modernize processes in these key sectors.

The joint venture agreement was signed by Thomas Pramotedham, CEO of Presight, and Nurlan Zhakupov, CEO of Samruk-Kazyna.

Under this agreement, Presight and Samruk Kazyna will establish a company in Kazakhstan to utilize Presight’s big data analytics solutions in key