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ADQ and the Gates Foundation have announced a partnership aimed at scaling the responsible use of artificial intelligence and education technology to improve learning outcomes for children across sub-Saharan Africa, marking one of the most ambitious cross-sector efforts to apply advanced technology to foundational education systems in the region.

The agreement was unveiled on the sidelines of Abu Dhabi Finance Week during a visit to the UAE by Bill Gates, chair of the Gates Foundation, underscoring the growing role of Abu Dhabi-based sovereign investors in global development initiatives that extend beyond traditional infrastructure and capital deployment.

At its core, the partnership seeks to blend ADQ’s experience as a sovereign investor focused on critical infrastructure and global supply chains with the Gates Foundation’s long-standing work in education, health, and technology-driven development. The collaboration is designed to accelerate the deployment of AI-enabled tools that support teachers, personalise learning, and strengthen education systems while addressing concerns around data privacy, equity, and long-term sustainability.

ADQ–Gates alliance targets AI-powered learning systems as governments and development agencies look for scalable solutions to persistent gaps in literacy, numeracy, and teacher capacity across sub-Saharan Africa. Despite progress in school enrolment over the past two decades, learning outcomes across much of the region continue to lag global averages, with large disparities between urban and rural areas.

Officials familiar with the partnership say the focus will extend beyond hardware or software procurement. Programmes are expected to prioritise teacher support platforms, curriculum-aligned digital content, and AI-driven assessment tools that can function in low-bandwidth environments. Emphasis is also being placed on building local capacity so that education ministries and institutions can manage and adapt systems without long-term dependence on external providers.

The Gates Foundation has invested heavily in education technology across Africa, backing initiatives that use data analytics and adaptive learning models to improve classroom instruction. Its approach has increasingly shifted towards ensuring that digital tools complement teachers rather than replace them, a principle that is expected to guide the collaboration with ADQ.

For ADQ, the partnership aligns with a broader strategy of deploying capital and expertise into sectors that underpin economic resilience and human development. While the Abu Dhabi-based group is widely known for investments in ports, logistics, food security, and energy, it has expanded its scope to include technology-driven solutions with global impact, particularly in emerging markets.

Bill Gates, speaking during his visit to Abu Dhabi, highlighted the transformative potential of AI when applied responsibly to education systems under strain. He noted that advances in machine learning and language models can help teachers tailor lessons to individual students and identify learning gaps early, provided the technology is designed with clear safeguards and local realities in mind.

Education specialists caution that AI adoption in low-income settings carries risks if implemented without adequate oversight. Challenges include uneven access to electricity and connectivity, limited digital literacy among educators, and the potential for algorithmic bias when systems are trained on data that does not reflect local contexts. The partners say governance frameworks and pilot-based rollouts will be central to mitigating these risks.

The collaboration comes at a time when African governments are under pressure to modernise education systems while managing tight budgets and rapidly growing school-age populations. Multilateral lenders and philanthropic organisations have increasingly encouraged public–private partnerships to bridge funding and expertise gaps, particularly in technology deployment.

Abu Dhabi Finance Week has become a platform for such announcements, reflecting the emirate’s ambition to position itself as a hub for global capital addressing development challenges. ADQ’s involvement signals a model in which sovereign investors participate not only as financiers but as strategic partners shaping long-term outcomes.

People briefed on the initiative say initial programmes will focus on a select group of countries, working closely with education ministries to align AI tools with national curricula and policy objectives. Over time, successful models could be adapted across the region, with lessons shared among participating governments.

The Gates Foundation has previously stressed that technology alone cannot fix systemic issues in education, such as overcrowded classrooms or shortages of trained teachers. As a result, the partnership is expected to integrate AI solutions with broader reforms, including teacher training and data-informed policymaking.

• Chee Choong Ng is appointed as Senior Vice President, Human Resources for Asia Pacific
• Samuel Lee is named Managing Director for Taiwan

SINGAPORE – Media OutReach Newswire – 18 December 2025 – DHL Express has made two key leadership appointments in Asia Pacific: Chee Choong Ng as Senior Vice President of Human Resources (HR) for Asia Pacific, and Samuel Lee as Managing Director for Taiwan. These appointments, which take effect on January 1, 2026, underscore DHL’s commitment to strengthening its people strategy and accelerating growth in one of the region’s most dynamic markets.

Ken Lee, CEO for Asia Pacific, DHL Express, said, “Finding the right talent is more critical than ever, particularly in today’s volatile environment, where we need to balance the demands of a changing workforce with business priorities. Offering our people pathways to growth also makes us a Great Place to Work, which is why I am proud to see two crucial roles within the region taken up by Chee Choong and Samuel, both with extensive experience in the business.

Chee Choong’s experience in operations and country leadership, combined with his strong focus on people development, makes him the ideal choice to lead our HR strategy. At the same time, Samuel’s track record proves that he will further strengthen our position in Taiwan, a market that is vital to our regional network and global trade.”

Chee Choong Ng is Asia Pacific’s new HR head

Previously the Managing Director for Taiwan, Chee Choong, takes over the Asia Pacific region’s HR portfolio from Mateen Thiruselvaam, who has retired after many years of dedication at DHL Express. Chee Choong brings over two decades of experience within DHL Group and the logistics industry. He first joined DHL in 2004, holding various operational roles before becoming Hong Kong’s Vice President for Operations in 2017. In the last few years, he was tasked to lead Hong Kong and Taiwan, respectively, in 2020 and 2024, where he achieved a record employee engagement rate, and improvements in customer satisfaction and operational excellence levels.

In his new role, Chee Choong will lead strategic initiatives to position DHL Express as the employer of choice in a rapidly evolving workplace landscape. With emerging technologies, changing labor patterns and segment sizes shaping the future of work, Chee Choong’s achievements in people development and engagement will be instrumental in driving HR transformation across the region.

Chee Choong Ng said, “I am honored to take on this role at such a pivotal time. The workplace is undergoing profound changes. We need to remain close to our employees to ensure their needs are met. I look forward to aligning our people strategy and creating an environment where our people can thrive, innovate, and feel valued so that we can better support business goals.”

Samuel Lee as new leader for DHL Express Taiwan

Following Chee Choong’s move, Samuel Lee will take over the role of Managing Director for DHL Express in Taiwan. He has been a seasoned DHL Express leader since 1998. He has an impressive career spanning Singapore, Thailand, Hong Kong, and Shanghai, where he played a key role in building and expanding DHL’s strategic hubs in those territories. He was most recently the General Manager of the Central Asia Hub in Hong Kong, achieving record-breaking performance, exceptional employee engagement scores, and the seamless completion of a EUR376 million expansion project in 2023.

Taiwan’s robust technology sector, thriving e-commerce industry, and strong export-oriented economy make it a critical market for DHL Express. Samuel’s deep operational expertise and years of leadership will ensure DHL continues to deliver world-class service and support the growth of businesses in this dynamic market.

Samuel Lee said, “Taiwan is a vibrant market with immense potential, and it holds a unique position in global trade, particularly as a hub for technology and innovation. The team has established a remarkable reputation in Taiwan, and I am proud to be working alongside them. Our focus remains on delivering exceptional service and creating new opportunities for growth to better enhance Taiwan’s role in global supply chains.”

Asia Pacific continues to grow as a powerhouse in global trade, driven by strong manufacturing bases, booming e-commerce, and rapid digitalization. These leadership appointments reaffirm DHL Express’s commitment to delivering excellence and enabling businesses to connect seamlessly across borders.
Hashtag: #DHL

The issuer is solely responsible for the content of this announcement.

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of DHL Group. The Group generated revenues of approximately 84.2 billion euros in 2024. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.

• DAICS^® coin coverage: As of 3^rd December, the top 50 coins by average market capitalization across the past 90 days
• DAICS^® market capitalization coverage: 96.98%*
• The % coverage of market capitalization of the 50th ranked coin: 0.048%**
• Member changes within the Top 50 Coins in DAICS^®: eight coins added and nine coins deleted
• Additions: Zcash (ZEC), World Liberty Financial USD (WUSD), PayPalUSD (PYUSD), Memecore (M), Worldcoin (WLD), Story (IP), Arbitrum (ARB), KuCoin (KCS)
• Deletions: Mantra (OM), GateToken (GT), Official Trump (TRUMP), VeChain (VET), Render (RENDER), First Digital USD (FDUSD), Filecoin (FIL), Cosmos (ATOM), Algorand (ALGO)
• 9 Green Coins labelled: Cronos (CRO), Pi (PI), Internet Computer (ICP), Hedera, Sui (SUI), Toncoin (TON), Arbitrum (ARB), Mantle (MNT), Tron (TRX)

Note:
*Special currency treatment of DAICS^® applies, where any wrapped or second-level cryptocurrency is not considered in the calculation for the market capitalization of DAICS^®
**Based on 3rd December 2025
G: Green Coin

The rankings of additions and deletions for the DAICS^® top 50 cryptocurrencies are listed in Appendix 1. All classification changes, including the ixCrypto Infrastructure Index and ixCrypto Stablecoin index, will take effect on 23^rd January 2026, with market capitalization, rankings, and weightings available at www.ix-index.com.

1. Cryptocurrencies

1.1. Structure and Definitions

Tier 1: Industry Changes
The industry groups remain unchanged, with 5 industries and the respective weightings as follows:

Tier 2: Sector Changes
The number of sectors has increased from 17 to 18. There is one new sector added under the industry group “Tech & Data (140)”:

Identification (14040)
Definition: Cryptocurrencies that facilitate decentralized identity authentication and/or blockchain-based validation of digital intellectual property rights. The classification emphasizes trust, data consent, and privacy as core architectural features while the crypto by itself is not an identity token.

1.2. Reclassification Changes
This review doesn’t have any reclassification of the existing coins. The DAICS® 2H 2025 cryptocurrencies classification is available in Appendix 2.

1.3. Green Coin Label
This review identifies 9 Green Coins, classified based on their energy-per-unit-transaction, which is defined as the amount of energy consumed for a successful single unit transaction of the coin in the blockchain network. The coins selected rank in the top 20 percentile of the least energy-consuming cryptocurrencies out of the 50 DAICS^® constituents. The top 20 percentile’s threshold in this review is ≤ 0.150 Wh. The table below lists these low-energy coins.

Note: G as ‘Green Coin‘ labelling for cryptocurrencies that adhere to the principles of sustainability

2. Asset Backed Tokens (ABT)

2.1. Structure and Definitions

Tier 1: Asset Type Changes
The asset types remain unchanged at 6 as follows:
1) Culture (205),
2) Real Estate (215),
3) Financials (235),
4) Entertainment (255),
5) Natural Resources (265), and
6) Green Economy (275)

Tier 2: Branch Changes
The number of branches has increased from 31 to 32, with a new branch added under Financials (235): Tokenized funds (23540).

2.2. Classification Changes
This review doesn’t have any reclassification of the existing assets.

2.3. Coverage of DAICS^®
A classification summary and definition table of both cryptocurrencies and ABTs are available in Appendices 3 and 4. For further information regarding the methodology of the DAICS^®, please refer to the “IX Digital Asset Industry Classification System”- principle and guiding methodology on the company website https://ix-index.com/daics.html.

For more details on DAICS^® qualification criteria, please email daics@ixindex.com.

Appendix 1

G: Green Coin

Appendix 2

Note:
G as ‘Green Coin‘ for cryptocurrencies that adhere to the principles of sustainability
NEW for newly added sector

Appendix 3

Note: NEW for newly added sector

Appendix 4

Note: NEW for newly added branch

² United Nations 17 sustainable development goals covering 1) No Poverty 2) Zero Hunger 3) Good Health and Well-Being 4) Quality Education 5) Gender Equality 6) Clean Water and Sanitation 7) Affordable And Clean Energy 8) Decent Work and Economic Growth 9) Industry, Innovation and Infrastructure 10) Reduced inequalities 11) Sustainable Cities and Communities 12) Responsible Consumption and Production 13) Climate Action 14) Life Below Water 15) Life on Land 16) Peace, Justice and Strong Institutions and 17) Partnerships for the Goals https://sdgs.un.org/goals

The issuer is solely responsible for the content of this announcement.

About DAICS®

DAICS^® covers both cryptocurrencies and asset-backed tokens (“ABTs”), to be reviewed semi-annually at the end of June and December. On the cryptocurrency side, it is a three-tier system that groups cryptocurrencies into 5 main industries: 1) Payment, 2) Infrastructure, 3) Financial services, 4) Technology & Data, and 5) Media & Entertainment. These industries are further divided into sectors and sub-sectors to be introduced in the future. Under asset-backed tokens, there are 6 asset types: 1) Culture, 2) Real Estate, 3) Financials, 4) Entertainment, 5) Natural Resources, 6) Green Economy. These asset types are further divided into branches and sub-branches to be introduced in the future.

About the IX Asia Tokenization Advisory Committee and Working Group

The establishment of the IX Asia Tokenization Advisory Committee (“Advisory Committee”) is to pursue the goal and vision of formulating a standard for a global tokenization framework in a compliant and transparent way. The key role of the Advisory Committee is to formulate the guidelines and references for tokenization in terms of infrastructure, business, financial stability, sustainability, internal control, and classification. The Advisory Committee is comprised of industry-recognised leaders from blockchain consultancy, sustainable projects, and the field of the Art industry.

The establishment of the Working Group is to identify, evaluate and recommend key directions and founding principles according to their specific industry knowledge and expertise in relating to the creation of the specified token. It will examine and propose improvements to the guidelines and references for tokenization. The working group is formed of a diverse group of market experts representing relevant sectors and markets, to provide input and discuss case studies for creation of tokenization framework, best practices and development of real-world projects.

For more information about IX Asia Tokenization Advisory Committee & Working Group, please visit https://ix-index.com/tokenization-committee.html.

Hang Lung’s Vision for Academic Excellence Drives Hong Kong’s Global Competitiveness

HONG KONG SAR & SHANGHAI, CHINA – Media OutReach Newswire – 17 December 2025 – The winners of the 2025 Hang Lung Mathematics Awards (“HLMA”), co-organized by Hang Lung Properties Limited (SEHK Stock Code: 00101) (“Hang Lung” or the “Company”) and the Hong Kong University of Science and Technology (“HKUST”), have been announced. Siu Man Li from the Hong Kong Chinese Women’s Club College received the Gold Award for his research report titled “Markov Chains Associated with Ultraspherical Polynomials: An Analysis of Weak Convergence and First Passage Time Functionals”.

The Silver Award and the Bronze Award were won by Augus Kui Lam Huang, Inna Belle Lee, Chun Lam Lo, Lok Hei Qiao, and Cheuk Lok Wong from St. Paul’s Co-educational College, and Edison Sze Ho Fu, Yun Tung Ko, Hoi Chun Puk, and Wai Kwan Yeung from Queen’s College, respectively. All winning teams demonstrated exceptional problem-solving abilities, creativity, and academic rigor evident in their work on challenging mathematical topics.

The awards were presented at tonight’s ceremony, celebrating the remarkable achievements of the student finalists and reaffirming HLMA’s sustained contribution to advancing STEM education in Hong Kong. In her opening remarks, Dr. Choi Yuk-lin, JP, Secretary for Education of the Hong Kong Special Administrative Region, said, “The Hang Lung Mathematics Awards not only honours mathematical endeavours, but also reflects its enduring commitment to inspiring a continued passion for mathematics among our students and nurturing Hong Kong’s young talents. This aligns well with the promotion of self-directed learning, problem solving and creativity in Hong Kong’s school education. I hope all of us in the society can join hands in the promotion of digital education and mathematical modelling for the benefit of our students.”

Mr. Adriel Chan, Chair of Hang Lung Properties, also addressed the audience, stating, “As we celebrate the winners of the Hang Lung Mathematics Awards, we are reminded that talent development is a long-term investment. HLMA embodies our commitment to nurturing the next generation of thinkers and leaders who will navigate an increasingly complex world. We are heartened by the strong support from students, schools, and the academic community, which reinforces our shared mission to advance mathematics education and push the boundaries of excellence. Together, we are empowering young minds to pursue their passion and unlock their potential in mathematics, science, and technology.”

Professor Nancy Ip, President of HKUST, said, “HKUST is pleased to continue our partnership with Hang Lung in this biennial competition. Hang Lung Mathematics Awards is more than an academic contest; it is a platform that challenges students to push the boundaries of their knowledge and apply rigorous methodology to original research. By cultivating a community of aspiring mathematicians and providing them with access to world-class training, we are advancing our shared vision of transforming Hong Kong into a global hub for innovation and technology.”

During the ceremony, a lively Panel Discussion was held on the theme of “Ubiquity of Mathematics: the Language of Discovery.” The discussion featured Professor Richard Schoen, 2017 Wolf Prize Laureate in Mathematics and Chair of the 2025 HLMA Scientific Committee, and Professor Ngaiming Mok, 2022 Future Science Prize Laureate, Chair of the HLMA Steering Committee and member of the Scientific Committee. Moderated by Ms. Jennifer Zhu Scott, Co-founder and Chief Executive Officer of Power Dynamics, the distinguished speakers shared their insights on the evolving landscape of mathematics education and the essential skills required for the next generation to thrive in a technology-driven era.

The 2025 Hang Lung Mathematics Awards attracted the participation of close to 100 teams from over 50 secondary schools in Hong Kong. Under the guidance of a supervising teacher, each team decided on a mathematics topic, designed and conducted research, and compiled their findings into a research report. This impactful initiative is pivotal in the cultivation of future mathematical and scientific minds.

Appendix

Founded in 2004, the Hang Lung Mathematics Awards is a biennial competition that inspires secondary school students to formulate their own research journey and realize their creative potential in mathematics. Throughout its illustrious history, 2,800 students from over 200 schools have participated, submitting more than 500 research reports. Hang Lung donates HK$2.5 million for each competition—HK$1 million is allocated as prize money with the remainder supporting HKUST in providing vital initiatives including academic consultation, assessment, administration, and educational outreach activities. HKUST also offers scholarships for teachers nominated by the winning schools to further their studies through the Master of Science Program in Mathematics for Educators.

Over the past two decades, the HLMA has made a profound impact on cultivating young mathematical talent, with many past winners having gone on to graduate from top universities worldwide and now contributing significantly to society through work in academia and professional fields. HLMA plays an important role in recognizing and fostering a lasting love of mathematical inquiry that extends far beyond secondary school.

This year, the Hang Lung Mathematics Awards drew participation from nearly 100 teams across over 50 secondary schools in Hong Kong. A total of 15 teams were shortlisted for the Oral Defense stage, where a Scientific Committee comprising internationally renowned scholars and educators evaluated the research reports through a rigorous, multi-step review process. The teams were invited to present and defend their findings before the Scientific Committee in a formal setting, an experience that closely resembles the oral defense process required for a postgraduate degree.

For a detailed list of winners of the 2025 Hang Lung Mathematics Awards, please refer to the attachment.

Attachment

List of Winners of the 2025 Hang Lung Mathematics Awards

Hashtag: #HangLungProperties

The issuer is solely responsible for the content of this announcement.

About Hang Lung Properties

Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is also recognized for leading the way in enhancing sustainability initiatives in the real estate industry, all the while pursuing sustainable growth by connecting customers and communities.

At Hang Lung Properties – We Do It Well.

For more information, please visit www.hanglung.com.

About The Hong Kong University of Science and Technology

The Hong Kong University of Science and Technology (HKUST) (https://hkust.edu.hk/) is a world-class university known for its innovative education, research excellence, and impactful knowledge transfer. With a holistic and interdisciplinary pedagogy approach, HKUST was ranked 6th in the QS Asia University Rankings 2026, 3rd in the Times Higher Education’s Young University Rankings 2024, and 19th globally and 1st in Hong Kong in the Times Higher Education’s Impact Rankings 2025. Thirteen HKUST subjects were ranked among the world’s top 50 in the QS World University Rankings by Subject 2025, with “Data Science and Artificial Intelligence” coming in 17th worldwide and first in Hong Kong. Our graduates are highly competitive, consistently ranking among the world’s top 30 most sought-after employees. In terms of research and entrepreneurship, over 80% of our work was rated “internationally excellent” or “world leading” in the Research Assessment Exercise 2020 of the Hong Kong’s University Grants Committee. As of July 2025, HKUST members have founded over 1,900 active start-ups, including 10 Unicorns and 17 exits (IPO or M&A).

Apple is evaluating the assembly and packaging of iPhone chips in India as part of a broader effort to rebalance its global supply chain, with CG Semi emerging as a potential partner, according to people familiar with the matter and public disclosures by companies involved in India’s semiconductor push. The move would mark a deeper localisation step beyond final device assembly and signal confidence in India’s ability to host advanced backend semiconductor operations.

The discussions centre on outsourced semiconductor assembly and test, a critical stage that follows wafer fabrication and precedes integration into devices. Apple’s A-series and M-series chips are designed in California and fabricated by Taiwan Semiconductor Manufacturing Company. Packaging and testing have largely been concentrated in East Asia, with China playing a central role through specialised facilities. Shifting part of this work to India would reduce geographic concentration risk while aligning with policy incentives offered by New Delhi to attract high-value electronics manufacturing.

CG Semi, the semiconductor arm of CG Power and Industrial Solutions, has been positioning itself as a contender in this space through a joint venture with Japan’s Renesas Electronics and Thailand’s Stars Microelectronics. The consortium has outlined plans for an OSAT facility in Gujarat, supported by central and state incentives under the Semiconductor Mission. While timelines and customer commitments have not been formally disclosed, the venture has been presented by partners as targeting advanced packaging for automotive and consumer electronics chips, an overlap that fits Apple’s requirements.

People tracking the talks caution that Apple’s evaluation remains exploratory. The company typically subjects suppliers to multi-year qualification processes covering yield, reliability, intellectual-property safeguards and environmental standards. Any decision would depend on CG Semi’s ability to meet Apple’s exacting specifications at scale and to integrate with the existing manufacturing ecosystem that includes contract assemblers such as Foxconn and Tata Group entities already producing iPhones in India.

India’s pitch rests on a combination of incentives and momentum. Production-linked incentive schemes have helped lift smartphone assembly volumes, with Apple accounting for a growing share of exports. The government has since widened support to semiconductors, offering capital subsidies, infrastructure backing and fast-tracked approvals. Backend operations are viewed as a pragmatic entry point, requiring lower capital expenditure and shorter build times than wafer fabs, while still delivering skilled jobs and technology transfer.

Industry analysts say Apple’s interest reflects a global trend among chip designers to diversify OSAT footprints amid geopolitical tensions and supply disruptions. Packaging has become more complex as chips move to advanced nodes and heterogeneous integration, raising the strategic value of reliable partners. “Advanced packaging is no longer a commodity step; it’s a differentiator,” said one semiconductor consultant who advises multinational clients on Asia manufacturing strategies. “Design houses want redundancy without sacrificing quality.”

For CG Semi, an Apple engagement would be transformative. CG Power, part of the Murugappa Group, has roots in electrical equipment rather than semiconductors. Its partnership with Renesas brings process know-how and credibility, while Stars Microelectronics contributes OSAT experience from Thailand. Securing a marquee customer would accelerate learning curves and help anchor a local supplier network for substrates, testing equipment and specialised chemicals.

There are constraints. India’s semiconductor ecosystem remains nascent, with gaps in materials, talent depth and logistics that could challenge tight production schedules. Power reliability, water availability and customs efficiency are under scrutiny by global manufacturers. Apple has previously paused or redirected supplier plans when execution risks appeared elevated, underscoring the need for consistent policy implementation at the state level.

Apple has not commented publicly on specific supplier discussions. CG Power has also refrained from naming potential customers, reiterating in filings that its semiconductor venture is at a development stage. Officials involved in the Semiconductor Mission have said backend projects are progressing and that customer announcements will follow commissioning milestones.

Dedicated to Empowering Local Startups and Fostering Hong Kong’s I&T Ecosystem

HONG KONG SAR – Media OutReach Newswire – 17 December 2025 – SUNeVision Holdings Ltd. (“SUNeVision”, SEHK: 1686), the largest data centre provider in Hong Kong and the technology arm of Sun Hung Kai Properties Limited (“SHKP”), announced the launch of the third chapter of its Startup Programme. SUNeVision is strengthening its efforts to empower startups by providing robust digital infrastructure and collaborating with leading technology partners to create a broader platform for emerging innovators. This initiative underscores the company’s steadfast commitment to advancing Hong Kong’s innovation and technology landscape.

The SUNeVision Startup Programme aims to offer technological resources and mentorship support to help startups grow and scale at every stage of development, while unlocking the potential of AI and enhancing their market edge. The new cohort is now accepting applications from high-calibre startups specialising in key sectors, including Artificial Intelligence (AI), BioTech, FinTech, GreenTech, HealthTech, Smart City, and other emerging technologies. The programme is open for applications until 10 February 2026 and will support 10 candidates in each cohort.

Shortlisted companies will receive SUNeVision Credits valued at up to HK$160,000, redeemable for support services offered by SUNeVision and the programme partners. The initiative equips startups with a solid digital foundation to deploy and scale AI‑driven applications within SUNeVision’s hyperscale data centre facilities. Participants will also gain access to a vibrant ecosystem of more than 300 technology and business partners, service providers, and key stakeholders. The programme further supports startups in strengthening their presence in the Greater Bay Area and driving expansion across Asia-Pacific region. An array of tailored support, tools, and mentorship will be provided by the programme partners, covering:

• Angelflow: Syndicate technology infrastructure
• Dataplugs: Internet and managed hosting
• Finda Cloud: Value-added cloud service and SaaS
• Nexusguard: DDoS protection and cybersecurity
• SUNeVision: Data centre colocation and hosting
• Sustainable SmartTech Ventures: AI-powered smart building management technologies
• the Hive.: Co-working space
• Votee AI: Authentic Cantonese translation
• WeExpand: Agentic AI services for sales and marketing automation

The Startup Programme has cultivated standout innovators from last year’s cohort, including DeepTranslate and Sustainable SmartTech Ventures (SSV), both recognised for their groundbreaking solutions. DeepTranslate, which combines AI translation with human expertise to deliver financial translation, leveraged SUNeVision’s low-latency network to achieve near-perfect accuracy and faster turnaround times for its customers. SSV, a specialist in intelligent building management technology, deployed its AI applications at SUNeVision’ data centre, enhancing its AI models to produce high-capacity rendering. This advancement has enabled SSV to attract new enterprise customers across the construction sector.

Helen Lo, Executive Director & Director, Commercial at SUNeVision, said, “We are delighted to launch the Startup Programme for its third edition, driven by our mission to nurture high-potential and homegrown startups. We aim to create an all-encompassing platform that empowers visionary innovators to thrive, providing the advanced infrastructure and supportive ecosystem they need to transform bold ideas into real-world impact. We remain committed to accelerating innovation and injecting vitality into Hong Kong’s technology ecosystem.”

To learn more about SUNeVision Startup Programme, please visit our website.

Hashtag: #SUNeVision

The issuer is solely responsible for the content of this announcement.

About SUNeVision

SUNeVision (SEHK: 1686), the technology arm of Sun Hung Kai Properties (SEHK: 0016), is the largest data centre provider in Hong Kong. We provide industry-leading carrier and cloud-neutral data centre services with Asia’s number one connectivity. We connect providers of telecommunications, cloud, ISP, CDN, OTT from local, mainland China and global with enterprises of different businesses on our Asia leading data centre ecosystem.

SUNeVision forms MEGA Campus by extending the connectivity edge from highly connected MEGA-i to other high-tier data centres, including MEGA Gateway, MEGA IDC, MEGA Plus and MEGA Two. Facilities on MEGA Campus are interconnected through a dedicated dark fibre network and around 15,000 cross-connects. Together with City PoPs of major submarine cables in our facilities, we enable our customers for direct connections to multi-cloud platforms and multi-cloud exchanges with the best connectivity in town. The addition of cable landing stations HKIS-1 and HKIS-2 to our data centre portfolio will provide a one-stop-solution to cable owners and users, strengthening our position as the leading connectivity hub in Asia. We are committed to supporting Hong Kong as a regional information hub and a strategic gateway to mainland China.

For more information, please visit SUNeVision’s website, LinkedIn or WeChat.

Dubai International Financial Centre has taken a further step in positioning Dubai as a key node in the global digital economy by strengthening its privacy governance framework and widening its engagement in cross-border trade initiatives, underscored by its admission as a Member of the Global Forum Assembly. The move signals growing international recognition of the DIFC’s data protection regime and its ambition to shape global standards at a time when data flows, digital services and regulatory trust have become central to economic competitiveness.

The DIFC confirmed its membership of the Global Forum Assembly, a multilateral platform that brings together governments, regulators, international organisations and private-sector stakeholders to advance cooperation on privacy, data protection and digital trust. Membership is extended to jurisdictions that demonstrate mature, enforceable frameworks aligned with international norms, placing the DIFC alongside established financial and digital centres that have made privacy governance a core component of their economic strategy.

Officials at the DIFC said the step reflects the centre’s long-term investment in building a regulatory environment that balances innovation with strong safeguards for personal data. The DIFC’s Data Protection Law, which operates independently from federal frameworks, is designed to mirror global best practices, including principles found in European and other advanced privacy regimes, while remaining tailored to the needs of financial services, technology firms and multinational businesses operating across borders.

The timing is notable as digital trade accelerates across financial services, fintech, artificial intelligence, cloud computing and professional services. Businesses increasingly assess jurisdictions not only on tax efficiency or infrastructure but also on the credibility of their data governance. For Dubai, positioning the DIFC as a trusted hub for data-driven commerce supports broader economic diversification goals and aligns with national ambitions to expand digital exports and attract high-value investment.

Participation in the Global Forum Assembly gives the DIFC a seat in discussions shaping the future of cross-border data flows, adequacy frameworks and interoperability between privacy regimes. These debates have intensified as countries seek to protect citizens’ data while avoiding regulatory fragmentation that can raise costs and deter innovation. By contributing to policy dialogue, the DIFC aims to influence standards that enable data to move securely between markets without undermining individual rights.

Regulatory specialists note that the DIFC’s framework has evolved steadily, with enforcement powers, clear obligations for data controllers and processors, and mechanisms for redress. This institutional depth has been a key factor in gaining international credibility. Businesses operating in the centre are required to comply with detailed rules on consent, lawful processing, breach notification and cross-border transfers, creating a predictable environment for global firms managing complex data operations.

The emphasis on inclusive cross-border trade also reflects a shift in how digital economy hubs define competitiveness. Rather than focusing solely on domestic regulation, leading centres are investing in compatibility with other regimes to ensure that companies can scale across regions. The DIFC has positioned its privacy framework as an enabler of such compatibility, supporting firms that serve clients in multiple jurisdictions while maintaining high standards of protection.

Technology policy analysts point out that privacy governance is increasingly intertwined with trust in emerging technologies such as artificial intelligence. Robust data protection regimes are seen as foundational to responsible AI development, particularly in financial services where algorithmic decision-making relies heavily on personal and transactional data. By reinforcing its privacy credentials, the DIFC strengthens its appeal to AI-driven firms seeking a stable regulatory base.

The move also has implications for regional competition. Financial centres across the Middle East and beyond are racing to attract digital businesses, often through regulatory innovation. The DIFC’s membership of the Global Forum Assembly distinguishes it within this landscape, signalling alignment with international norms rather than regulatory isolation. This approach may resonate with multinational firms that prioritise consistency across markets.

For policymakers, the development illustrates how sub-national jurisdictions can play an outsized role in global digital governance. Although operating within a broader national framework, the DIFC’s independent legal system and regulator allow it to engage directly with international bodies and contribute expertise drawn from its experience overseeing a diverse ecosystem of banks, asset managers, fintechs and technology companies.

That landscape has grown more challenging than ever. Malaysian SMEs are operating in a climate defined by rising costs, talent shortages, complex regulatory requirements and tightening cash flow. Inflation continues to push operational expenses upward, while difficulties in hiring and retaining skilled talent have slowed growth for many. These pressures have created a harsh reality. Companies that lack adaptability risk losing market share, while those that act decisively are discovering opportunities in places previously overlooked.

Despite these obstacles, the SME sector has demonstrated a remarkable ability to rebound. Recent data shows that SME GDP grew by 11.6 percent, surpassing the national average and signalling that transformation, not stability, is driving growth. Many businesses have embraced digital tools, streamlined operations and explored new revenue pathways. The divide between surviving and thriving is becoming clearer, and it is defined by mindset, capability and speed.

In this environment, the SME100 Awards serves as a crucial platform for SMEs to strengthen their position. The programme provides a structured pathway for benchmarking performance, accessing regional networks and gaining recognition that matters to customers, partners and investors. By combining quantitative financial indicators with qualitative assessments and a full interview process, SME100 identifies companies that are not only resilient, but ready for the next phase of growth. For winners, the programme offers visibility, connection to a strong ASEAN SME community and access to continuous learning and collaboration opportunities.

Datuk William Ng, National President of SAMENTA, underscored the importance of this support. He said, “Malaysian SMEs are confronting some of the toughest market realities in decades. Yet the most progressive among them are proving that adversity can be a turning point. The SME100 Awards highlight these companies not simply for their achievements, but for the mindset they represent. They show the entire SME sector what is possible when we combine innovation, discipline and the willingness to change.”

The SME100 programme is further strengthened by the involvement of key industry partners. CTOS serves as the official credit reporting partner, Baker Tilly Malaysia as the official auditor and CGC Digital as the gold sponsor. Together, they enhance the transparency, credibility and relevance of the awards while reinforcing the broader ecosystem that supports SME growth.

For more information about the SME100 Awards 2025 Malaysia and the complete list of winners, please visit www.sme100.asia

LIST OF WINNERS OF THE MALAYSIA SME100 AWARDS 2025 (IN ALPHABETICAL ORDER):

1. AA AVIATION SDN BHD
2. AGENSI PEKERJAAN KAWA GLOBAL SDN BHD
3. AL HIJRA HEALTHCARE SDN BHD
4. AMD SOLUTIONS SDN BHD
5. ARVIA SOLUTIONS
6. AUTHENTIC TIMBER RESOURCES SDN BHD
7. BIMAGE CONSULTING (M) SDN BHD
8. BINA SKK SDN BHD
9. BLACK GOLD SECURITY SDN BHD
10. BUMI SENDAYAN SDN BHD
11. CASA ENTERTAINMENT GROUP SDN BHD
12. CEE INDUSTRIES SDN BHD
13. CRILIGHT MARKETING (M) SDN BHD
14. CRT INSIGHTS TECHNOLOGIES SDN BHD
15. CTRM TESTING LABORATORY SDN BHD
16. DAYASAKTI TRAVEL & TOURS SDN BHD
17. DREAMAZE SDN BHD
18. EDCA ENERGY SDN BHD
19. EF STORE SDN BHD
20. EG TECH SYSTEM SDN BHD
21. ELITE MARKETING GROUP SDN BHD
22. EVOPOINT SDN BHD
23. FLEX SEAL & PUMP ENGINEERING SDN BHD
24. FLEXI FLEX HYDRAULICS SDN BHD
25. GREEN EXCEL ENGINEERING AND CONSULTANCY SDN BHD
26. HAI SUAR HUAT PILING SDN BHD
27. HEAP WAH BARAKAH SDN BHD
28. IDMS TECHNOLOGIES SDN BHD
29. IDPM ENGINEERING SDN BHD
30. INDAH CLEANING SERVICES & MAINTENANCE (M) SDN BHD
31. INDS CAPITAL SDN BHD
32. IX REALTY SDN BHD
33. J20 ADVANCE SDN BHD
34. JIN SAN CONCRETE SDN BHD
35. JNDESIGN MARKETING SDN BHD
36. KIMAL AWNING & IRON WORKS SDN BHD
37. KMS MANUFACTORY SDN BHD
38. KPRJ E&C SDN BHD
39. LES’ COPAQUE PRODUCTION SDN BHD
40. LOGIX EXPRESS SDN BHD
41. MABUCO SDN BHD
42. MALGAZ INDUSTRIES SDN BHD
43. MARCH INTERIOR STUDIO SDN BHD
44. MATTECH MANUFACTURING SDN BHD
45. MEOFCO SDN BHD
46. MK HARAMAIN TRAVEL & TOURS SDN BHD
47. MK PORRIDGE SDN BHD
48. MTC CAFE AND RESTAURANT
49. NEW KC TRADING SDN BHD
50. NURSERY HONG SOON SDN BHD
51. OG MARKETING GROUP SDN BHD
52. QUANTUM COMPUTING SDN BHD
53. RADDISH TECHNOLOGY SDN BHD
54. RAY TECH (MALAYSIA) SDN BHD
55. RFY ACES (M) SDN BHD
56. SAI COND SALES & ENGINEERING SDN BHD
57. SALAM MEDICAL CENTRE SDN BHD
58. SARAMOLY (M) SDN BHD
59. SATRIA TECHNOLOGIES SDN BHD
60. SAUDAGAAR ASIA SDN BHD
61. SIN THYE & COMPANY (PRO SAFETY)
62. SIS INTEGRATED SDN BHD
63. SK GLOBE BUSINESS CAPITAL SDN BHD
64. SKA TRANSPORT (M) SDN BHD
65. SKINVILLE SOLUTION SDN BHD
66. SKY POWER SDN BHD
67. SOFTWELL SDN BHD
68. SOLAR VOLTECH SDN BHD
69. SOLARLINK ENERGY SDN BHD
70. SOON LEE STEEL SDN BHD
71. SPEEDBRICK SDN BHD
72. SSEMEDX SERVICES SDN BHD
73. SUPER EDUCATIONAL ALLIANCE SDN BHD
74. SUSTEN SDN BHD
75. TERAS IMPIANA SDN BHD
76. THONG WORLD SDN BHD
77. TONG SHENG ENGINEERING SDN BHD
78. TRUZ HOME SDN BHD
79. UBINGO VACATIONS SDN BHD
80. V CRITICAL ENGINEERING SDN BHD
81. VIRTUAL ECONOMY TECHNOLOGY SDN BHD
82. YPS TECHNOLOGY SDN BHD
83. ZABSI INDUSTRIAL VENTILATION SDN BHD

SME100 OUTSTANDING INSPIRATIONAL ENTREPRENEUR AWARDS 2025

SME100 CTOS CREDIT EXCELLENCE AWARDS 2025

• BUMI SENDAYAN SDN BHD
• IDPM ENGINEERING SDN BHD
• JNDESIGN MARKETING SDN BHD
• KMS MANUFACTORY SDN BHD
• NURSERY HONG SOON SDN BHD

Hashtag: #SME100Awards

The issuer is solely responsible for the content of this announcement.

About SAMENTA

Established in 1986, SAMENTA is Malaysia’s largest association of SMEs, with over 5,500 members across the country. A multi-racial, multi-sector association, SAMENTA has been at the forefront of championing a SME-friendly business environment and connecting SMEs to regional and global opportunities.

About Business Media International

Business Media International is a subsidiary of Audience Analytics Limited, a regional leader in promoting growth for companies in Asia through data-driven brands and initiatives. We own renowned media brands such as SME Magazine, HR Asia, Capital Asia, Energy Asia, Logistics Asia, TruthTV, and CXP Asia as well as business impact assessment brands such as SME100, HR Asia Best Companies to Work for in Asia, Golden Bull Awards and CXP Asia Best Customer Experience Awards. Audience Analytics also owns a number of exhibition brands and has the proprietary software-as-a-service – Total Engagement Assessment Model.

With AI reshaping cybersecurity landscapes, it is pivotal to adopt unified management that preemptively leverages and secures AI. Integrating AI into cybersecurity defense is one of the emerging trends to combat AI-enabled or affiliated risks. C-suite executives and IT leaders must transit from the traditional detect-and-respond model to an AI-informed, proactive security governance.

Unified Exposed Assets and Attack Surface Management
“The complexity of modern environments leads to fragmented data and isolated visibility. Unified exposure management enables holistic visibility through unified telemetry, enabling comprehensive attack surface visibility, accurate risk assessment and prioritization of remediation efforts.”
Gartner, Emerging Tech: AI Vendor Race: Unified Exposure Management Will Drive Displacement of Fragmented Point Solutions, 29 September 2025.

CyCraft External Attack Surface Management (EASM) automatically discovers potential external threats, correlates multiple intelligence and provides an overview of digital assets from the attacker’s perspective. Constantly discovering exposed credentials on surface web, dark web or public markets, this module mobilizes early warning and leakage tracing. Moreover, with the exclusively trained AI model, EASM offers mitigation and audit recommendations tailored to various compliance requirements.

AI-empowered Model Safety, Application Security and Posture Governance
“The emerging AI-enabled threat landscape demands more than just faster detection and response; it requires predictive threat intelligence combined with AI-driven analytics and preemptive action. AI and machine learning (ML) technologies must be used to anticipate attack paths and predict where an adversary is likely to strike to more effectively neutralize potential attacks before they begin.”
Gartner, Emerging Tech Impact Radar: Preemptive Cybersecurity, 7 October 2025.

LLM inherent and related risks are not virtual shadows but substantial threats that jeopardize everyday existence. Since GenAI or LLM outputs are difficult to control, the continuous verification of both input and output is the only way to ensure the validity of a solution.

Built on this logic, CyCraft’s XecGuard is an easily deployable Guardrail module, including cybersecurity, compliance and ethical Guardrails. Defending against Prompt Injection, Jailbreak and Prompt Extraction, XecGuard tackles AI-enabled threats without compromising its performance.

To assess your LLM safety range with quantifiable standards, CyCraft XecArena provides different attack scenarios to compare their performance. Users need to coax the LLM to break its System Prompt or leak confidential information. Join this multi-round testing on XecArena now!

CyCraft continues driving AI innovation in enterprise cybersecurity. In our opinion, this research momentum has further been witnessed by the reception of NeurIPS and EMNLP.

“We believe, being acknowledged in these influential Gartner reports validates our strategic vision and technological innovation,” said Dr. Benson Wu, CEO and Co-Founder of CyCraft Technology. “We’ve consistently invested in AI-driven, preemptive capabilities that enable organizations to stay ahead of invisible threats.”

Limited Evaluation Program
EASM Lite Experience

Evaluation Application
For organizations seeking full functionality, CyCraft is offering a limited evaluation program for 50 qualified enterprises. Participants will receive two External Exposure Analysis Reports, enabling security and governance teams to quantify external attack surface risks and establish data-driven priorities for remediation.

Reports
Gartner, Emerging Tech Impact Radar: Preemptive Cybersecurity, 7 October 2025.

Gartner, Emerging Tech: AI Vendor Race: Unified Exposure Management Will Drive Displacement of Fragmented Point Solutions, 29 September 2025.

Disclaimer

Hashtag: #CyCraft

https://www.cycraft.com/en
https://www.linkedin.com/company/cycraft
https://www.facebook.com/cycrafttechnology

The issuer is solely responsible for the content of this announcement.

About CyCraft

CyCraft is a leading AI cybersecurity company, dedicated to automating cybersecurity with AI technology. With a proven track record in government, finance, high-tech semiconductor, and other industries, and strong recognition from international institutions, CyCraft continues to build Asia’s most advanced AI Security Operations Center, fully committed to safeguarding enterprise digital resilience.

Effective December 1, Santa Jon Jones opens a new “gift window” daily and chooses people to fulfill their wishes. Participants can ask for anything that can brighten their lives – heartfelt gifts, something they have always dreamed about, or something important for their families. This is a perfect moment to ask Santa Jones a Christmas wish.

To join the giveaway, users need to undergo five steps:

1. Visit the official ‘1wish Season‘ landing page in Jon Jones’s Instagram bio.
2. Submit the wish. Big or small, practical or emotional — any honest wish is welcome.
3. Leave contact details, so 1win team can contact them if Santa Jones chooses their wishes.
4. Follow @1win and @jonnybones on Instagram.
5. Repost the announcement Reel by @1win and @jonnybones to their Stories.

From December 1 to December 21, Jon Jones and 1win will be choosing five winners per day. Selected participants will be tagged in Jon’s Instagram Stories. Within 1–3 days, the 1win team will contact winners to arrange the delivery of the wishes.

“From December 1st to the 21st, you can send us your wish – something real, something you’ve wanted for a long time but never allowed yourself to get. Every day I’ll be choosing five people myself – five stories that feel honest, meaningful, and important,” said Jon Jones, as he announced the 1wish Season.

1win and Jon Jones invite fans from around the world to join the 1wish Season. Make a wish, join the Advent Calendar, and let this December bring you something truly special.

Hashtag: #1win

The issuer is solely responsible for the content of this announcement.

About 1win

Founded in 2016, 1win is a major player in the global gaming industry. Operating across Asia, Latin America, and Africa, 1win offers a wide range of services adapted to regional audiences. In 2024, 1win partnered with actor Johnny Sins as its brand ambassador. In 2025, Mexican professional boxer Saúl (Canelo) Álvarez and MMA legend Jon Jones joined 1win as its global ambassadors.

EcoFlow Technology Inc is preparing to file for an initial public offering in the United States that could make the Shenzhen-headquartered portable power specialist one of the most high-profile mainland technology firms to seek equity funding on American exchanges, according to people familiar with the matter. The company is working with financial advisers and is exploring a share sale that could raise several hundred million dollars, signalling growing investor appetite for clean energy and battery technology stocks despite volatility in global markets.

The draft IPO plan represents a strategic pivot for EcoFlow as it seeks broader capital access and enhanced global recognition. Backed by HSG, the firm formerly known as Sequoia Capital China, EcoFlow has grown rapidly by tapping into surging demand for portable and home battery solutions used for outdoor recreation, emergency backup and renewable energy integration. Market participants suggest that the public listing could value the company at billions of dollars, though final pricing and timing remain under consideration.

EcoFlow’s potential move to a US exchange underscores the increasingly international ambitions of Chinese technology manufacturers. While many domestic companies opt to list on local boards such as Shanghai’s STAR Market or Shenzhen’s ChiNext, EcoFlow’s planned New York or Nasdaq debut highlights a shift among select innovators seeking to capitalise on deeper liquidity and global investor bases. Industry analysts note that the IPO could open doors for other clean energy and hardware enterprises from Asia if executed successfully.

Founded in 2017 by former engineers from the drone industry, EcoFlow has established itself as a leading global supplier of portable power stations and energy storage systems. Its product lines include the DELTA and RIVER series, which have gained traction among consumers and businesses looking to reduce reliance on fossil fuel generators. The company’s expansion has also been punctuated by new product launches and partnerships in major retail chains, broadening its footprint in the United States and Europe.

Industry observers say EcoFlow’s performance in the US market will be closely watched by investors assessing the health of hardware-oriented technology firms amidst broader economic uncertainty. Portable power and battery technology have seen increasing interest as climate change concerns boost demand for resilient and sustainable energy solutions. Analysts point to strong year-on-year sales growth through online and in-store channels, including collaborations with national warehouse clubs, as evidence of the company’s commercial momentum.

The proposed IPO is expected to involve at least $300 million in primary share sales, though people familiar with the discussions caution that the figure could shift based on market conditions and investor feedback. An offering of this scale would position EcoFlow alongside a select group of cleantech and energy storage names that have reached public market debuts in recent years. Executives and bankers are said to be conducting roadshows and investor engagements to gauge demand and refine the company’s messaging ahead of filing.

Financial advisers engaged by EcoFlow are reportedly preparing registration statements and compliance documentation required by US regulators. This process typically involves scrutiny of business models, revenue figures and risk factors, and the company will need to articulate its strategy for scaling production, managing supply chains and navigating potential geopolitical tensions affecting Chinese-linked firms listed abroad. If cleared by regulators, the IPO could take place in the first half of next year, subject to market receptivity and pricing dynamics.

Investors familiar with EcoFlow’s trajectory describe the company’s leadership as focused on diversifying revenue streams through both consumer-facing products and partnerships with enterprise clients. The product portfolio emphasises modular and scalable energy solutions that can serve residential, commercial and recreational needs. Market research suggests that consumer interest in backup power and off-grid energy has been buoyed by extreme weather events and grid reliability concerns in developed markets, further enhancing appetite for resilient technologies.

Critics caution that hardware companies face challenges maintaining margins and growth rates as competition intensifies and component costs fluctuate. They note that EcoFlow will need to demonstrate sustained profitability and efficient supply-chain management to satisfy public investors, particularly in an environment where tech valuations are more scrutinised than in prior years. Effective communication of long-term strategy and risk mitigation will be key to fostering confidence among institutional and retail shareholders.

Kuwait has moved to deepen its role in Gulf maritime trade after the Kuwait Ports Authority said it signed a memorandum of understanding with Abu Dhabi Ports Group to develop and operate the container terminal at Shuaiba port under a concession agreement. The arrangement places a major state-backed ports operator from Abu Dhabi at the centre of a facility that has long served as a backbone of Kuwait’s seaborne commerce, signalling a shift towards international partnerships to modernise ageing infrastructure and boost competitiveness.

The memorandum outlines a framework for collaboration that could see Abu Dhabi Ports Group involved in terminal operations, capacity upgrades and efficiency improvements at Shuaiba, subject to regulatory approvals and the finalisation of commercial terms. While financial details have not been disclosed, officials described the understanding as a step towards unlocking investment, technology transfer and operational expertise at Kuwait’s oldest port, which has faced mounting pressure from larger and more automated hubs elsewhere in the region.

Shuaiba port was established in the 1960s and remains a critical gateway for imports and exports despite growing competition from newer facilities along the Gulf. The port covers a total area of about 2.2 million square metres and has 20 berths, according to data published by the Kuwait Ports Authority. Its container terminal includes a storage area of roughly 318,000 square metres, making it a significant asset in a country that relies heavily on maritime trade for food, consumer goods and industrial inputs.

Officials familiar with the discussions said the focus of the partnership would be on improving berth productivity, reducing vessel turnaround times and expanding container-handling capacity to meet shifting trade patterns. Kuwait’s logistics sector has faced challenges linked to congestion, limited automation and slower clearance processes compared with regional peers. Partnering with an experienced international operator is seen as a way to narrow that gap without placing the entire investment burden on the state.

Abu Dhabi Ports Group has expanded rapidly beyond the UAE over the past few years, building a portfolio that spans ports, terminals, maritime services and logistics corridors across the Middle East, Africa and South Asia. Its strategy has centred on long-term concessions and joint ventures that integrate port operations with industrial zones and inland logistics. The Shuaiba memorandum aligns with that approach, offering access to a mature but under-optimised port in a strategically located market.

For Kuwait, the agreement reflects a broader policy push to diversify the economy and improve infrastructure efficiency as part of long-term development plans. While the country has invested heavily in oil and gas facilities, progress in logistics and transport has been slower, partly due to regulatory complexity and limited private-sector participation. Bringing in a regional operator with a track record in terminal modernisation could help accelerate reforms that have proved difficult to deliver through public investment alone.

Industry analysts note that container volumes in the Gulf are increasingly concentrated at mega-ports with deep drafts, advanced cranes and integrated digital systems. Smaller or older ports risk being sidelined unless they upgrade or specialise. Shuaiba’s location near industrial zones and population centres gives it an advantage, but sustaining that position requires capital spending and operational know-how. The proposed concession model would allow Kuwait Ports Authority to retain ownership while delegating day-to-day operations to a specialist partner.

The memorandum also carries geopolitical and commercial significance. Closer cooperation between Kuwait and Abu Dhabi in maritime infrastructure adds to a growing web of Gulf logistics partnerships aimed at strengthening regional supply chains. As global trade routes adjust to disruptions in other corridors, Gulf ports are competing to attract transshipment traffic and value-added services. Collaboration rather than rivalry is increasingly seen as a way to enhance resilience and bargaining power with global shipping lines.