Presight, Samruk Kazyna announce JV to accelerate digital transformation in Kazakhstan

Presight, Samruk Kazyna announce JV to accelerate digital transformation in Kazakhstan

DUBAI - Presight AI Holding, 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 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 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 sectors and industries, including energy, public services, and transport, to support digital transformation. The two companies will also explore the development of high performance computing (HPC) capacity in Kazakhstan, and explore the potential to develop enterprise