IPA Qatar and FLYR Labs partner to launch the first AI hub for the transport sector in the region
CEO, IPA Qatar Sheikh Ali Alwaleed Al Thani, and Founder and CEO, FLYR Labs Alex Mans at the MoU signing ceremony.
Doha: The Qatar Investment Promotion Agency (IPA Qatar) and FLYR Labs have launched a new partnership that aims to advance the technological transformation of the transport sector through innovative artificial intelligence (AI) and digital solutions. The collaboration involves the establishment of a FLYR office in Doha, marking their first-ever permanent presence in the Middle East and the GCC region, which will create dozens of jobs in Qatar in the engineering and consultancy organizations of FLYR.
Complementing the economic diversification efforts in Qatar, the IPA Qatar-FLYR partnership aims to unlock the vast growth potential of the transport sector by accelerating its digitalization and introducing innovative solutions. IPA Qatar will help the Los Angeles-based company set up its business center in Doha, through which it will provide access to its groundbreaking data and AI-based platform for airlines, travel and business. transportation industry. The center will also act as a key element of FLYR’s support to potential partners in the region.
Under the terms of the agreement, FLYR will help Qatari transport companies meet current challenges, increase business efficiency and maximize revenue by adopting digital solutions in key areas, such as forecasting, pricing, decision support and big data technologies. In addition to supporting the company’s growth, the collaboration between the two organizations sets the framework for skills development programs, which aim to nurture local talent in the fields of AI and engineering and create new job opportunities.
The new partnership was announced during the Memorandum of Understanding (MoU) signing ceremony, attended by CEO, IPA Qatar Sheikh Ali Alwaleed Al Thani, and Founder and CEO, FLYR Labs Alex Mans.
Commenting on the occasion, Sheikh Ali Alwaleed Al Thani, CEO of IPA Qatar, said, “This new collaboration takes IPA Qatar forward in its efforts to forge strategic partnerships with international companies that contribute to Qatar’s economic diversification. We are also delighted to welcome FLYR Labs to Qatar and support their ambitious business expansion plans. The launch of this first-of-its-kind innovative solutions hub in Doha provides momentum for the further development of a world-class digitized transport industry in Qatar and the region as a whole.
Alex Mans, Founder and CEO of FLYR Labs, said: “Our partnership with IPA Qatar will enable FLYR Labs to leverage its established presence in Qatar and support its expansion into markets such as rail, freight, transport public and maritime transport. As part of our partnership, we have agreed to invest our resources in recruiting and training AI and engineering talent in Doha, boosting the city’s development in this sector and job prospects for Qatari citizens. .
Qatar’s initiatives to become a global logistics hub are bearing fruit. Today, Qatar’s future-ready infrastructure, connectivity resources, business-friendly environment and strategic geographic position have transformed the country into an ideal hub for companies seeking a regional presence. stronger. Home to the world’s leading international air cargo carrier, the world’s best airline, the best airport and one of the world’s largest green ports, Qatar fosters long-term sustainable growth for investors, enabling them to exploit lucrative opportunities.
Pursuing its mandate to foster a diversified technology-based economy, as outlined in Qatar’s National Vision 2030, many sectors have emerged as new drivers of business growth and FDI, such as logistics and transportation. Contributing 4% to the country’s GDP, logistics and transport are among the most promising sectors in the country. The significant state investment in the sector is reflected in the size of the transport market valued at around $7 billion pre-Covid, and the momentous transformation journey that managed to place Qatar as the 2nd best country in the region for efficient logistics services according to the World Bank’s Logistics Performance Index.
With the continuous efforts to enhance its growth potential, combined with the booming technology ecosystem and accelerating digital transformation, the transportation industry offers a wealth of opportunities for businesses around the world. To name a few, DHL, UPS, and Uber are actively operating in Qatar, which has become a second home for their growing businesses in the region. The recent announcement of FLYR Labs’ plans to move to Doha therefore comes as another significant addition to the vibrant Qatar market.