Abu Dhabi,   Inception42, a regional leader in AI-powered product and solution innovation, announced the signing of a memorandum of understanding with NXT Holdings, an Abu Dhabi-based AI company owned by Saham Holdings .

The memorandum of understanding establishes a framework for strategic cooperation between the two companies in five key areas, including AI consulting, training and capacity building, developing AI solutions for enterprises, product distribution, and joint business development .

The memorandum of understanding was signed by Ashish Koshy, CEO of Inception42, and Sarah Al Ahbabi, Director of Special Purpose Vehicles and Portfolio Relations at NXT Holdings. This partnership reflects both parties' shared commitment to accelerating the responsible adoption of AI solutions to create a tangible impact within the UAE and in global markets .

This partnership combines Inception 42’s advanced sovereign capabilities in developing AI solutions for enterprises with NXT Holdings’ growing ecosystem of operating companies, leveraging the complementary strengths of both parties to deliver sustainable value to governments and institutions in regional and global markets, including strategic consulting, initial communication, and the implementation and integration of solutions into operational processes .

Commenting on this, Her Highness Sheikha Fatima bint Tahnoon bin Zayed bin Sultan Al Nahyan, Founder and Chairperson of Saham Holding and NXT Holding, said: “The UAE has placed artificial intelligence at the heart of its national vision. Partnerships of this kind represent the tool to transform this vision into tangible capabilities, reflecting the strength of our institutions and the integration of their goals, and highlighting the country’s firm commitment to leading the field of advanced technologies that will shape the future.”

For his part, Ashish Koshy, CEO of Inception42, said : “ Inception42 is designed to deliver enterprise-level sovereign AI solutions that are highly scalable. Our partnership with NXT Holdings enhances our ability to reach organizations ready to move from exploring the potential of AI to implementing it on the ground. The memorandum of understanding allows us to leverage our capabilities in developing products and platforms with NXT Holdings’ expertise in accessing diverse markets and valuable investments, forming a powerful channel to create a tangible and measurable impact in the field of AI within the UAE and beyond .”

Commenting on the partnership, Fahmy Abu Bakr, General Manager of Saham Holding, said : “ NXT Holding was founded in response to the structural transformation that artificial intelligence has brought about in the ways economies and institutions operate. Our responsibility is to enable governments and institutions to keep pace with and benefit from this transformation. Our agreement with Inception 42 reinforces our commitment to providing practical and effective solutions, and we look forward to the effective value that this partnership will bring .”

An overview of Inception42

Inception42 is an AI-driven company that transforms world-leading research into real-world, sovereign applications at the heart of government and corporate operations. It represents the intelligence layer within the G42 Intelligence Network, turning data into actionable decisions that create tangible impact. The company's intelligent architecture encompasses a diverse portfolio of AI-powered products and solutions that empower leaders to act with confidence, make critical decisions, and achieve tangible results at both the national and corporate levels. This embodies its philosophy of delivering superior AI services, led by humans.

An overview of NXT Holdings

NXT Holdings is an Abu Dhabi-based artificial intelligence (AI) company established to respond to the structural transformation that AI is bringing to the way economies and institutions operate. The company develops, builds, and operates a portfolio of specialized AI projects serving governments and institutions at the national level. Its goal is to accelerate the responsible and practical adoption of AI solutions, delivering sustainable long-term value in the sectors and markets that will shape the next phase of growth in the region and globally .

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