"Xxger" It establishes a regional headquarters in the Emirates

Abu Dhabi on May 1 / WAM / The Ministry of Economy announced that the company, the world leader in risk management solutions and artificial intelligence supply chains, joined the initiative of the “next generation of foreign direct investments”.

This partnership will witness the establishment of its regional headquarters in Abu Dhabi, where millions of dollars will invest in technology and infrastructure, and will employ more than 100 experts and specialists in artificial intelligence techniques, and this new addition will enhance the next generation initiative of foreign direct investment, the UAE’s position as a pioneering center for advanced technology and compliance solutions, and a global center For excellence in the field of artificial intelligence.

Xieger to enable institutions was established to make studied strategic decisions benefiting from advanced data analyzes and artificial intelligence, to provide comprehensive visions in the fields of risk management, compliance with supply chains, and combat money laundering.

Thanks to its various experience and strong presence in various sectors, it is expected that its innovative approach will enhance the position of the UAE and its experience in these fields, in addition to enhancing its capabilities in facing the challenges of compliance and complex organization.

His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of State for Foreign Trade, said: The expansion of the company “Excel” in the UAE is embodied in confirmation of our firm commitment to creating an attractive and stimulating environment for innovative technology companies, and its joining is a qualitative addition to consistent with the goals of the initiative, as we seek to enhance the integration of advanced solutions in risk management and supply chains within our economic system, expressing His Excellency His confidence that the expertise of “Excel” will contribute to benefiting from technology to manage risk and will have a great contribution to efforts to continue building a flexible economy capable of adapting to the complexity of the current global market and facing future challenges with confidence.

Brandon Daniels, CEO of Exiring, said: We are proud of Xieger to join the follow -up initiative of foreign direct investments in the United Arab Emirates, where we use the supply backed by artificial intelligence in achieving the ambitious vision of the UAE for more flexible, adaptive and transparent commercial networks, stressing that the technologies of Excel, designed to understand and clarify Complex supply chains, exploring improvement opportunities, and reducing risk, will enable companies throughout the UAE to enhance their position as a global center for safe and effective trade.

Exercise was established in 2013 with a vision aimed at making the world safer and transparent to achieve sustainable success, and since its inception, the company has witnessed an accelerated growth, to include more than 1,000 employees distributed over 10 offices around the world, from Singapore to Washington, DC and Vancouver, and provides its services to a wide base of customers worldwide, as it includes the customer list in Xieger 150 companies from the Fortune list 500), and more than 65 international government agencies.

In 2023, the Carlel, Insight Partners and Jehi Eye Group invested about 1.2 billion US dollars to push the company’s growth wheel and enhance its innovations in the field of artificial intelligence, and during the past 24 months, Xxger has acquired five companies specialized in supply chains and cyber artificial intelligence, which strengthened its position as the largest global company in the field of risk management technology. Supply.

Under the joining of the “Next Generation of Foreign Investment” initiative, Xxger joins a variety of more than 100 companies specialized in future sectors, such as artificial intelligence, digital infrastructure, advanced manufacturing, smart transportation.

This initiative is an essential pillar in the UAE’s strategy to enhance the diversification of its economy and establish its position as a global leading country in innovation.

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