News

HFI was delighted to visit Middle East Energy 2025 for Day 2. AI in the energy sector was a key theme at the event and ahead of the event MEE issued a report ‘AI-Driven Energy Transformation Unlocking the Potential of Artificial Intelligence in the Middle Eastern Power Sector’.  The Middle East is embracing AI to modernise their energy systems, reduce carbon footprints, and enhance overall operational efficiency.

ADNOC Group reported that in 2023 it had generated $500 million in value by deploying AI solutions across its value chain, from field operations to corporate decision-making. These AI applications not only improved efficiency but also helped the company abate up to 1 million tons of carbon dioxide emissions in just one year.  Earlier in May, ADNOC, G42 and Presight AI Holding announced a new ownership structure for AIQ, a joint venture focused on developing and deploying AI and big data analytics solutions specifically for the energy sector.

HFI was delighted to catch up with Humera Malik, CEO and Founder of Canvass AI at MEE. Canvass AI is an enterprise AI software company, at the forefront of transforming the enterprise workflows at every level of an organisation. Canvass AI’s AI assistants turn fragmented information into actionable insights, boosting team productivity and efficiency. Designed to be readily accessible and quick to deploy, enterprises use the company’s advanced AI solutions for high performance decision making, to future-proof operations, and drive net-zero targets.

Canvass AI is backed by Yamaha Motor Manufacturing Corporation of America and Alphabet Inc.’s Gradient Ventures and the Government of Canada. Canvass AI is recognised by awards and industry analysts as an AI innovator. The firm’s partner ecosystem includes SambaNova Systems, Microsoft, Snowflake, and OpenAI Lab.

Canvass AI are now expanding into the Middle East and businesses in the region can now also take a major step forward in enhancing their global competitiveness.

HFI is keen to play a key role in supporting clients’ business growth opportunities in the Middle East energy transition – routes to growth include acquisitions, local partner ventures, in region group structures, technology supply and technical services contracts (TSTSCs) and in-region manufacturing ventures (IMVs), with advanced energy technology licensing and local manufacturing, procurement, employment and training being a growing policy objective in Saudi Arabia, the UAE and Oman.