BigBear.ai (NYSE:BBAI), a leading provider of mission-ready AI for national security, through its United Arab Emirates business, today announced a strategic partnership with Maqta Technologies, the digital arm of AD Ports Group (ADX: ADPORTS), a leading global enabler of integrated trade, industry, and logistics solutions. The partnership will explore co-development and delivery of advanced customs and border operations solutions to government authorities and port operators worldwide.
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Seaborne trade accounts for 70 percent of global commerce by value — roughly $17 trillion annually — requiring ports to handle tens of trillions of dollars in cargo movements each year. With volumes of cargo and travelers moving through ports and across land borders increasing, the new partnership seeks to be a force-multiplier for governments and commercial entities operating in this arena.
"BigBear.ai is delighted to partner with AD Ports Group. They understand the catalytic power of AI from the very top of the organization. They are driving hard to be the market leader in the application of the most advanced AI to support their operators and enhance global trade-flows," said Kevin McAleenan, CEO of BigBear.ai.
About BigBear.ai
About AD Ports Group:
Established in 2006, AD Ports Group today serves as one of the world's premier facilitators of logistics, industry, and trade, as well as a bridge linking Abu Dhabi to the world. Listed on the Abu Dhabi Securities Exchange (ADX: ADPORTS), AD Ports Group's vertically integrated business approach has proven instrumental in driving the Emirate's economic development over the past decade.
Operating five business clusters covering Ports, Economic Cities & Free Zones, Maritime & Shipping, Logistics, and Digital, AD Ports Group's portfolio comprises 35 terminals, with a presence in over 50 countries, and more than 550 square kilometres of economic zones within KEZAD Group, the largest integrated trade, logistics, and industrial business grouping in the Middle East.
AD Ports Group is rated "AA-" Outlook stable by Fitch, and "A1" outlook stable by Moody's.
For more information, please visit: adportsgroup.com
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AD Ports Group Media Office
email: [email protected]
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