IPA Qatar, FLYR Labs in pact to launch first artificial intelligence hub for the transportation sector in Middle East and GCC
February 2, 2022, Doha – Qatar: The Investment Promotion Agency Qatar (IPA Qatar) and FLYR Labs have embarked on a new partnership that aims to advance the technological transformation of the transportation sector through innovative artificial intelligence (AI) and digital solutions. The collaboration entails the establishment of a FLYR office in Doha, marking the company’s first-ever permanent presence in the Middle East and GCC region, which will create dozens of jobs in Qatar across FLYR’s engineering and advisory organizations.
Complementing the economic diversification efforts in Qatar, IPA Qatar-FLYR’s partnership focuses on unlocking the vast growth potential of the transportation sector by accelerating its digitization and introducing innovative solutions. IPA Qatar will support the Los Angeles-based company to set up its business centre in Doha, through which it will be providing access to its ground-breaking data and AI-driven platform for airlines, travel, and the transportation industry. The center will also act as a key component to FLYR’s support of potential partners across the region.
According to the terms of agreement, FLYR will assist Qatari transportation companies in addressing current challenges, increasing their business efficiency, and maximizing their revenues by adopting digital solutions across 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 programmes, which aim to nurture local talent in the AI and engineering fields and create new job opportunities.
The new partnership was announced during a signing ceremony, in the presence of Sheikh Ali Alwaleed Al-Thani, CEO, IPA Qatar, and Alex Mans, Founder and CEO, FLYR Labs.
Commenting on this occasion, Sheikh Ali Alwaleed Al-Thani, CEO, IPA Qatar, said: “This new collaboration takes IPA Qatar a step further in its endeavors to forge strategic partnerships with international businesses that contribute to Qatar’s economic diversification. We are also pleased to welcome FLYR Labs to Qatar and support its ambitious business expansion plans. Launching this first of its kind innovative solutions hub in Doha is an impetus for the further development of a world-class, digitized transportation industry in Qatar, and in the region at large.”
Alex Mans, Founder and CEO of FLYR Labs, said: “Our partnership with IPA Qatar will enable FLYR to take advantage of its established presence in Qatar and support expansion into markets such as rail, cargo, public transport, and shipping. As part of our partnership, we have agreed to invest our resources towards the recruitment and training of AI and engineering talent in Doha, boosting the city’s development in this sector and employment prospect for Qatari citizens.”
Read more on the IPA Qatar and FLYR partnership: https://invest.qa/media-and-events/news-and-articles/ipa-qatar,-flyr-labs-in-pact-to-launch-first-artificial-intelligence-hub-for-the-transportation-sector-in-middle-east-and-gcc
About the Investment Promotion Agency Qatar
The Investment Promotion Agency Qatar (IPA Qatar) oversees investment promotion activities under the Invest Qatar brand and acts as the country’s umbrella organization for FDI attraction. Through its close coordination with Qatari licensing platforms, it helps businesses advance their ambitions and achieve long-term success by delivering the support, advice, and expertise needed.
IPA Qatar’s goal is to showcase Qatar as an exceptional investment destination, connecting international investors to business opportunities, while bringing progress to the country’s economic development and diversification goals across sectors and geographies.
For more information, please visit www.invest.qa
@InvestQatar | #IPAQatar #InvestQatar
ABOUT FLYR LABS
FLYR Labs, the pioneer of The Revenue Operating System®, is focused on the relentless application of advanced and intuitive technologies that help transportation leaders unlock their ultimate potential. Its cloud-based software solution leverages deep learning technology, a cutting-edge form of AI, to provide ultra-accurate forecasting and actionable insights within one comprehensive user interface. With FLYR, travel and transportation companies can exponentially improve revenue performance, unify decisions across commercial teams, and build a more efficient experience for their customers.
FLYR Labs is headquartered in California with offices in Los Angeles, San Francisco, Dallas, Krakow, and Amsterdam.
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