Company type | Private |
---|---|
Industry | Artificial Intelligence and Technology Services |
Founded | June 2023 |
Founder | Mohammad Abu Sheikh and Hasan Abu Sheikh |
Headquarters | Abu Dhabi, United Arab Emirates |
Key people | Mohammad Abu Sheikh (founder, CEO), Hasan Abu Sheikh (co-founder, VP of Products) |
Products | Razi | Specter | Sinan | Mira | Iqraa | Mofkrah |
Website | https://www.locai.ai/ |
LocAI Ltd. is an AI and technology services company specializing in artificial intelligence, founded in Abu Dhabi, UAE. The company was established in June 2023 by Mohammad Abu Sheikh and Hasan Abu Sheikh. [1] [2]
In November 2023, LocAI completed an initial round of investment, raising US$150 million.
LocAI focuses on creating artificial intelligence technologies for specific regional challenges faced by businesses in the UAE and GCC region. The company is headquartered in Abu Dhabi, UAE. As of August 2024, LocAI employs approximately 150 people. Mohammad Abu Sheikh is founder and CEO and Hasan Abu Sheikh is co-founder and VP of Products. [1] [3] [4]
LocAI offers several AI-powered products for various industries, including Razi [5] (a platform that serves the healthcare sector), Specter [6] (developed for the legal industry), Sinan [7] (designed for the construction industry), [8] Mira [9] (focuses on customer experience, utilizes AI to optimize voice and chat interactions), [10] Iqraa [11] (aimed at the education sector), and Mofkrah [12] (focuses on meeting management, offering features such as automated transcripts and summaries for virtual meetings).
A central tenet of LocAI’s approach to AI is something they term, "hyper-localization" whereby AI solutions are customized to reflect regional nuances, languages, and regulations, ensuring relevance and compliance across diverse markets. [13]
The United Arab Emirates is a country in the eastern part of the Arabian Peninsula located on the southeastern coast of the Persian Gulf and the northwestern coast of the Gulf of Oman. The UAE consists of seven emirates and was founded on 2 December 1971 as a federation, after UK armed forces left the region. Six of the seven emirates declared their union on 2 December 1971. The seventh, Ras al Khaimah, joined the federation on 10 February 1972. The seven sheikdoms were formerly known as the Trucial States, in reference to the truce treaties established with the British in the 19th century.
Politics of the United Arab Emirates take place in a framework of a federal presidential elective constitutional monarchy. The United Arab Emirates (UAE) is a federation of seven constituent monarchies: the Emirates of Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain.
E 11 is a highway in the United Arab Emirates (UAE). The longest road in the Emirates, it stretches from the Al Batha border crossing at the Saudi Arabia–UAE border in al-Silah in the al-Dhafra region of the Emirate of Abu Dhabi and ends at the Oman–UAE border crossing of al-Darah in al-Jeer, Emirate of Ras al-Khaimah, running roughly parallel to UAE's coastline along the Persian Gulf. The road forms the main artery in some emirates' main cities, where it assumes various alternate names —Sheikh Maktoum Bin Rashid Road and Sheikh Khalifa bin Zayed Road in Abu Dhabi, Sheikh Zayed Road in Dubai, Al Ittihad Road in Sharjah Emirate and Ajman Emirate, and Sheikh Muhammad bin Salem Road in Ras Al Khaimah.
E 311 is a major road in the United Arab Emirates. It begins in New Al Falah in Abu Dhabi and extends north-eastward towards the Ras al-Khaimah emirate. E 311 has been called Sheikh Mohammad Bin Zayed Road since January 2013 and is commonly known as SMBZ Road. Prior to that it was called Emirates Road, but that name is now given to E 611, which was previously Dubai Bypass Road.
The earliest written record of Dubai (Dibei) is accredited to Muhammad al-Idrisi, who mapped the coast of the UAE in the tenth century AD. Circa 1580, the state jeweler of Venice, Gasparo Balbi, documented the pearling industry of Dubai and other cities currently presiding in UAE territory. Though traditionally conservative, the UAE is one of the most liberal countries in the Gulf, with other cultures and beliefs generally tolerated. Politically it remains authoritarian, however, relations with neighbouring Iran have been tense because of an ongoing territorial dispute over Gulf islands. The UAE was one of only three countries to recognise Taliban rule in Afghanistan.
E 66 is a road in the United Arab Emirates. The road connects the city of Dubai to the interior city of Al Ain in the Eastern Region of the Emirate of Abu Dhabi. E 66 runs roughly perpendicular to E 11 and E 311. Beginning in the locality of Oud Metha, E 11 progresses southward towards the interior. The road is referred to as the "Dubai-Al Ain Road", after its intersection with Emirates Road south of the city of Dubai, and "Tahnoun Bin Mohammad Al Nahyan Road", after Sheikh Tahnoun, the Ruler's Representative in the Eastern Region of Abu Dhabi.
Abu Dhabi is the capital city of the United Arab Emirates. The city is the seat of the Abu Dhabi Central Capital District, the capital city of the Emirate of Abu Dhabi, and the UAE's second-most populous city, after Dubai. The city is situated on a T-shaped island, extending into the Gulf from the central-western coast of the UAE.
France–United Arab Emirates relations are the foreign relations between France and the United Arab Emirates.
China – United Arab Emirates relations refer to the diplomatic relations between the People's Republic of China and the United Arab Emirates. Diplomatic ties were first established in 1984. The UAE maintains an embassy in Beijing and a consulate-general in Hong Kong while China has an embassy in Abu Dhabi and consulate-general in Dubai. The UAE and China have been strong international allies, with significant cooperation across economic, political and cultural aspects.
The United Arab Emirates-United Kingdom relationship is a historical relationship that dates back to 1820 with the signing of General Maritime Treaty of 1820.
The Higher Colleges of Technology(HCT) (Arabic: كليّات التقنيّة العليا) is a public institute of technology with 16 campuses and facilities throughout the United Arab Emirates. Founded in 1988 by Sheikh Nahyan bin Mubarak al-Nahyan, it is the largest applied higher educational institution in the country.
Khalifa University is a research, innovation and enterprise-intensive public university located in Abu Dhabi, United Arab Emirates. Khalifa University's current president, Professor Ebrahim Al Hajri, was appointed in July 2024.
Abu Dhabi Terminals or ADT was established in May 2006, by Emiri Decree No. (6) as the main port operator for all commercial ports in Abu Dhabi supporting the economic diversification in Abu Dhabi’s 2030 vision. Since 2018, it has is fully owned and operated by Abu Dhabi Ports itself part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy. ADT was formed as part of the restructuring of the commercial ports sector in the Emirate and is the manager and operator of Khalifa Port Container Terminal (KPCT), the region’s first semi-automated and most technologically advanced terminal which was officially inaugurated on December 12, 2012. ADT's other facilities formerly included Zayed Port, a historical port that has served the capital for over 40 years and Musafah Port, located in the heart of the industrial area. Abu Dhabi Terminals was responsible for the smooth transition of container traffic from the old Zayed Port to the new Khalifa Port, located in Taweelah - midway between Dubai and Abu Dhabi.
Tourism in the United Arab Emirates is an important part of the Emirati economy. In 2023, the tourism sector employed 809,300 people and contributed 220 billion dirham to the national gross domestic product (GDP), accounting for 12% of it. In 2024, the UAE was the 6th destination globally by international tourism receipts according to the World Tourism rankings, and it ranked 18th globally in the Travel and Tourism Development Index.
Group 42 Holding Ltd, doing business as G42, is an Emirati artificial intelligence (AI) development holding company based in Abu Dhabi, founded in 2018. The organization is focused on AI development across various industries including government, healthcare, finance, oil and gas, aviation, and hospitality. Tahnoun bin Zayed Al Nahyan, UAE's national security advisor is the controlling shareholder and chairs the company. Because G42 had strong ties to China, U.S. authorities have been concerned that G42 serves as a channel through which sophisticated U.S. technology is diverted to Chinese companies or the government. As of February 2024, G42 divested its stakes in China.
The Technology Innovation Institute (TII) is an Abu Dhabi government funded research institution that operates in the areas of artificial intelligence, quantum computing, autonomous robotics, cryptography, advanced materials, digital science, directed energy, secure systems, and more recently also: biotechnology, renewable and sustainable energy, and propulsion and space. The institute is a part of the Abu Dhabi Government’s Advanced Technology Research Council (ATRC).
DeepFest is an annual AI event organized by Tahaluf and powered by the Saudi Authority for Data and Artificial Intelligence (SDAIA). The event was held for the first time and co-located with LEAP Tech Event in February 2023 in Riyadh, Saudi Arabia.
Mohammad Abu Sheikh is a Jordanian-born serial technology entrepreneur. He is the founder and CEO of LocAI Ltd, a company specializing in artificial intelligence applications. He is also an investor and board member at several AI-focused companies, including VGLNT AI, BasicAI Inc., CNTXT and SMPL AI.
MGX Fund Management Limited (MGX) is an Emirati investment firm for artificial intelligence (AI) technologies. Established by the government of Abu Dhabi in 2024, MGX aims to become a vehicle for AI-driven investments with a target of managing US$100 billion in assets.