"Izzy is not" Expanding its business in Malaysia
DUBAI, 20th November, 2018 (WAM) – EasyLease, a subsidiary of International Holding Company, announced, during its participation in the Dubai Airshow, the signing of an important strategic memorandum of understanding with BigBear.ai, the Pahang Aviation City Development Company – PAC, and Vigilix Technology Investment.
These agreements represent an important step for EasyLease, through which it announces its entry into the Malaysian market to contribute to accelerating the country’s efforts aimed at developing security, mobility and infrastructure systems, based on the next generation of artificial intelligence capabilities.
Under this cooperation, EasyLease will assume the role of a strategic partner in the fields of mobility and operations from the UAE, benefiting from its extensive experience in smart mobility systems, fleet management enhanced by “Internet of Things” technologies, and operational intelligence solutions based on artificial intelligence. The 5,042-hectare “Pahang Aviation City” near Kuantan, Malaysia, will include a new international airport, an integrated maintenance, repair and overhaul complex, multi-use areas, as well as the first spaceport in Southeast Asia.
Ahmed Al Sada, CEO of EasyLease, said: “EasyLease is proud to contribute to building the future of smart mobility at Pahang Aviation City, a hub that will reshape the aviation sector and connect smart cities across Southeast Asia. This also represents an important milestone in EasyLease’s journey as it enters the Malaysian market for the first time. Through our partnership with Big Bear AI, Vigilex, and Pahang Aviation City, we are expanding our regional presence, offering… Advanced, future-ready solutions for the mobility and security sectors that will transform vital sectors such as logistics, e-commerce and delivery, as we seek together to build an integrated system supported by smart mobility and operational intelligence enhanced by artificial intelligence capabilities, which will contribute to raising efficiency and raising the level of connectivity and flexibility as Malaysia enters its new era of infrastructure development projects.”
For his part, Kevin McAleenan, CEO of BigBear.ai, said: “We are proud to enter into a strategic partnership with PAC, and in cooperation with our trusted regional partners EasyLease and Vigilix, to contribute to the creation of an integrated system for the aviation and security sector supported by artificial intelligence technologies. By integrating ready-to-use artificial intelligence solutions and predictive analytics, we are moving together towards enabling Malaysia to establish a pioneering system in the fields of aviation, transportation and space, that enhances national economic growth paths and supports the pillars of security.” This partnership represents a qualitative step towards a more innovative future, and an important milestone in enhancing BigBear.ai’s presence and expansion in the Southeast Asia region.”
The partnership brings together the specialized expertise of each of the parties signatory to the Memorandum of Understanding, as Easy Lease will, from the UAE, lead efforts to integrate smart mobility solutions and enhance operational readiness as the strategic mobility partner. As for Big Bear AI, it will provide advanced technologies and artificial intelligence solutions that include analytics and security frameworks, while Pahang Aviation City will act as the host in Malaysia and the initiator by facilitating regulatory transactions and government coordination locally. As for Vigilex, it will undertake the task of facilitation and integration to ensure the smoothness of the collaborative process between the relevant authorities in the UAE, Malaysia and the United States of America.
The memorandum signed today embodies the joint commitment of its parties to explore AI-enhanced operational intelligence solutions, predictive analytics and integrated smart mobility platforms designed to build safer, more efficient and technologically advanced infrastructure networks in Pahang Aviation City.
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