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Julian Su, Chairman of the Board of Directors of China Information Technology Development Company, confirmed his company’s keenness to expand its business in the UAE and provide its specialized services in using predictive artificial intelligence for maintenance purposes, safety assistance, and efficiency..
He pointed out that his company, which is listed on the Hong Kong Stock Exchange and specializes in predictive artificial intelligence, is working on listing on the UAE financial markets in light of the great confidence enjoyed by the country’s markets and its leading position regionally and globally..
He said: “We are working on listing on Nasdaq Dubai or the Abu Dhabi Securities Exchange, so that it will have a dual listing in Hong Kong and one of the two financial markets in the UAE.”».
In statements to Emirates News Agency (WAM) on the sidelines of the first edition of the Dubai Artificial Intelligence and Web 3 Festival, Su added that to achieve this goal, his company signed a cooperation agreement with Dubai-based Masary Capital on the sidelines of the festival, in preparation for expanding its business in the UAE..
He stressed the importance of the festival in light of the great momentum it is witnessing amidst a strong presence of specialists and experts in this field, which confirms the importance that the UAE and Dubai attach to future sectors, most notably artificial intelligence and “Web 3.”».
He stated that the UAE government has succeeded in achieving huge accomplishments in the field of artificial intelligence and “Web 3”, by providing an attractive environment for all types of companies, whether emerging or mature, to come to the UAE, establish their businesses and complete the growth journey..
