Presight has signed a term sheet with Kazakhstan’s National Welfare Fund (Samruk-Kazyna), a $70 billion asset sovereign wealth fund, in order to establish a joint venture to accelerate digital transformation in Kazakhstan.
Endorsed by the President of Kazakhstan, Mr. Kassym-Jomart Tokayev, both Samruk-Kazyna, and Presight will embark on a joint venture aimed at accelerating digital transformation in Kazakhstan through the deployment of Presight’s AI and big data analytics solutions and technologies.
The agreement was signed on the sidelines of Central Asia’s largest IT forum Digital Bridge 2023 in Astana. This year’s focus was on exploring the interaction between humans and technology in the field of artificial intelligence and their mutual impact on overall economic development.
These will help to boost operational efficiency, minimize production losses, and develop human capital across the Samruk-Kazyna portfolio companies and in other key sectors of Kazakhstan, including energy, telecoms, transport, government, and public services, thereby enhancing socio-economic prospects.
Mr. Nurlan Zhakupov CEO of Samruk-Kazyna JSC group, said that, “As a strategic asset manager of the country, Samruk-Kazyna sees digitalization as one of its priorities. I hope that together with Presight we will strengthen the partnership between our countries and contribute to the creation of a single digital community.”
“We are proud to be joining forces with Samruk-Kazyna in this presidentially endorsed initiative in Kazakhstan. This partnership provides us with a unique opportunity to contribute our expertise in AI and data analytics, not just to accelerate digital transformation, but also to enhance socio-economic prospects for the people of Kazakhstan,” noted Mr. Thomas Pramotedham, CEO of Presight.