Sanad, the aerospace engineering and leasing solutions company, has signed a Memorandum of Understanding (MoU) to collaborate with Next50, a joint venture between ADQ and G42, to develop technology-driven services solutions for the industrial services sector.

The agreement was signed by Sanad deputy group CEO, Mansoor Janahi and Ibrahim Al Mannaee, Next50 CEO, at the Gulf Manufacturing & Industrialisation Summit 2021 (GMIS) which runs at the Dubai Exhibition Centre until November 27.

The MoU will see the two companies working together to explore next-generation solutions based on Internet of Things (IoT), data-analytics, machine learning and artificial intelligence with the aim of boosting efficiency across multiple industries.

“The signing of this agreement brings together two leading entities with a shared purpose, to collaborated on capabilities and provide digital solutions to maximise outcomes.” said Mansoor Janahi, deputy group CEO, Sanad. “This future-focused partnership is the direct result of Sanad’s focus on delivering innovative, disruptive and technology-driven service solutions for the industrial sector and reinforces our support of Abu Dhabi’s vision for a diverse, knowledge-based economy driven by advanced technologies.”

Ibrahim Al Mannaee, CEO, Next50 commented: “With NEXT50’s deep domain expertise and cutting-edge industrial solutions, we look forward to working alongside the team at Sanad on deploying technologies that advance the industrial sector and propel its growth. Not only does this partnership complement our mission to accelerate opportunities to drive business forward, but it also underscores our commitment to advancing Abu Dhabi’s vision of creating a sustainable knowledge-based economy.”

The signing between the two companies is fully aligned with the theme of GMIS 2021, ‘Rewiring Societies: Repurposing Digitalisation for Prosperity’.