UAE’s digital transformation player Injazat and services provider to the energy sector Lamprell have appointed a Chief Executive Officer (CEO) of their joint venture (JV) in an attempt to progress and evolve their digital strategy, while also generating new revenue streams.
Lamprell announced the appointment of Hani El Kurd as CEO for the digital joint venture – AiFlux – on Monday. El Kurd is expected to lead this strategic joint venture in bringing to market digital ventures and creating independent revenue streams.
Christopher McDonald , Chief Executive Officer of Lamprell, explained: “Following a long and distinguished career with us, most recently as Chief Operating Officer, we are delighted that Hani is moving into our joint venture with Injazat. He is highly experienced, capable and results-oriented and we look forward to seeing him deliver great things as we progress our Digital strategy. Establishing new markets with strategic partners such as Injazat and its parent company G42 are fundamental to the evolution of our digital business.”
AiFlux – the 50-50 joint venture between Injazat and Lamprell – aims to create and market digital solutions focusing on the renewables and oil and gas industries.
Ussama Dahabiyeh , Chief Executive Officer of Injazat, remarked: “Appointing Hani as Chief Executive to the joint venture is a pivotal moment for the business. AiFlux will be well served under Hani’s capable leadership. He has significant experience in scaling businesses and has a strong pulse on the company’s culture and strategic direction. Over recent months we have worked closely on a number of initiatives, and we are excited to see these moving into the next stages of development and value creation. ”
AiFlux’s digital platform utilises cloud computing alongside Artificial Intelligence (AI) and Machine Learning (ML) to provide better heavy asset integrity management by enabling access and insights through to accurate integrity and productivity data utilising the full potential of heavy assets used in the oil and gas and renewables industries.
Hani El Kurd, CEO of AiFlux, commented: “Bringing about change and transformation needs strong collaboration, particularly when working at the forefront of technology. This is a fantastic opportunity which I am proud to take, and we are looking forward to building the team further in the period ahead.”
To remind, Injazat and Lamprell signed a memorandum of understanding and started collaborating to create and market digital solutions focused on the oil and gas and renewables markets back in November 2019.
Following Lamprell’s decision to reorganise into three new business units – Renewables, Digital, and Oil & Gas – in January 2021, the company then in March 2021 entered into a JV agreement with Injazat to create and market innovative digital solutions focusing predominantly on renewables and oil and gas industries.