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Hamdan bin Mohammed inaugurates Dubai AI Campus cluster on the DIFC Innovation Hub – Blockchain Information Website

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His Highness: We prioritise Dubai’s competitiveness and main place as a hub for the digital economic system in all initiatives and programmes we launch, consistent with targets of the D33

– We’re assured this campus will probably be a key addition to Dubai’s economic system by internet hosting lots of of companies and providing 1000’s of jobs over the following few years

– Transfer is a part of part one of many DUB.AI programme launched with the goal of accelerating AI adoption throughout all related sectors

– Part one of many campus has already drawn greater than 75 companies whereas part two is ready to draw over 500 firms

Dubai, UAE, twenty second Might 2024, ZEX PR WIRE, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Government Council of Dubai and Chairman of the Increased Committee for Future Expertise and {Digital} Financial system, as we speak inaugurated the Dubai AI Campus cluster on the Innovation Hub, Dubai Worldwide Monetary Centre (DIFC).

The transfer is a part of part one of many annual Dubai Common Blueprint for Synthetic Intelligence (DUB.AI), which was lately launched with the goal of accelerating AI adoption throughout all related sectors, thus creating the optimum nurturing ecosystem for AI companies and abilities to drive innovation in AI.

Sheikh Hamdan stated that Dubai continues to launch strategic plans with the goal of accelerating the adoption of AI and its functions in all sectors consistent with the imaginative and prescient and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to determine Dubai as a world hub of the digital economic system and the popular vacation spot for main AI companies and prime expertise from world wide.

“Our efforts continue to harness the huge potential of advanced technology. The Dubai AI Campus at DIFC is a key step towards achieving our goals of doubling economic growth and increasing AI’s contribution to Dubai and the UAE’s GDP. We are confident this campus will be a key addition to Dubai’s economy by hosting hundreds of businesses and offering thousands of jobs over the next few years, further cementing Dubai’s standing as a favourite destination for tech companies,” His Highness stated.

“We prioritise Dubai’s competitiveness and leading position as a hub for the digital economy in all projects and programmes we launch, in line with goals of the Dubai Economic Agenda (D33). Today we move steadily towards a new era of leadership and sustainable growth of Dubai’s economy, which is based on knowledge, innovation, and future tech applications. Dubai will always remain a beacon of economic prosperity, regionally and globally, and the preferred choice of innovative minds,” he added.

Area’s prime AI vacation spot

Introduced in 2023, the Dubai AI Campus is the most important devoted cluster of AI and superior tech within the MENA area.

The launch contributes to boosting the targets of Dubai Financial Agenda (D33), together with producing a median AED 100 billion yearly for Dubai’s economic system by way of digital transformation. Moreover, it marks one other landmark initiative in realising the imaginative and prescient of His Highness Sheikh Mohammed bin Rashid to determine Dubai as a world hub of the digital economic system and a key participant on the worldwide digital panorama.

The brand new campus additionally aligns with Dubai’s imaginative and prescient to emerge because the chosen vacation spot amongst tech companies and can drive its contribution to innovation and tech integration throughout all sectors. It’s estimated that AI will contribute $230 billion to the Center East’s economic system by 2030, whereas making up 14% of the UAE’s GDP by 2030.

The inaugural ceremony was attended by His Excellency Omar bin Sultan Al Olama, Minister of State for Synthetic Intelligence, {Digital} Financial system and Distant Work Purposes; His Excellency Issa Kazim, Governor of the Dubai Worldwide Monetary Centre; and Arif Amiri, CEO of the DIFC Authority.

The Dubai AI Campus cluster will probably be a part of the DIFC Innovation Hub, which presents devoted co-working areas to tech startups, together with AI companies. Part one of many campus is already full with greater than 75 companies registered on a ten,000-square-foot campus. Part two of the campus will prolong over 100,000 sq. ft and is ready to draw over 500 firms creating greater than 3,000 jobs by 2028.

A International Hub

His Excellency Essa Kazim welcomed His Highness Sheikh Hamdan to the opening of the Dubai AI Campus, saying the cluster will speed up the realisation of targets of the Dubai Financial Agenda whereas supporting future know-how and digital economic system methods of the emirate.
“The opening of Dubai AI Campus is part of the first phase of the annual Dubai Universal Blueprint for Artificial Intelligence (DUB.AI), acting as a key enabler that will bolster Dubai’s position as a global hub accelerating the adoption of advanced technology,” he stated.

Straightforward investor entry

“Through Dubai and DIFC’s innovative structure, startups have direct access to investors, investment funds, major corporations and traditional financial institutions. This ensures that high-potential businesses receive the necessary funding needed to achieve their goals,” HE Essa Kazim added.

Catalyst for fintech ecosystem

Arif Amiri, CEO of the DIFC Authority, stated: “Dubai AI Campus helps speed up the targets of DIFC’s 2030 Technique, which goals to additional empower our rising fintech and innovation ecosystem.

“The cluster will also cement DIFC’s position as the largest incubator of the financial sector across the MEASA region as we look forward to collaborating with regional players to help them simplify and expand their business through AI,” he added.

Tech partnerships

The Dubai AI Campus facilitates multinational tech partnerships with main tech firms equivalent to Amazon Internet Companies, HP, Microsoft, Oracle and Nvidia, who will be part of the cluster as key companions, additional highlighting its empowering nature and making it dwelling to the primary innovation lab providing AI options to the UAE’s small companies, in collaboration with du.

Moreover, the cluster will present excessive computing capabilities, together with DGX platforms, and state-of-the-art enterprise accelerator programmes that advance implementation of AI functions within the non-public sector.

Distinctive licences

The Dubai AI Campus will probably be providing a singular AI licence specifically designed to satisfy the necessities of the following era of AI-dependent companies. This licence utilises DIFC’s impartial authorized framework.

Companies inside the cluster can even profit from DIFC’s {Digital} Belongings Regulation, the primary of its variety globally, providing authorized certainty to traders and customers of digital property.

Future tech showcase

Additional testifying to its management and concentrate on leveraging technological developments for the better good, Dubai is ready to host the premier Dubai AI and Web3 Competition, organised by Dubai AI Campus in collaboration with the Minister of State for Synthetic Intelligence, {Digital} Financial system & Distant Work Purposes Workplace, and DIFC, on 11 and 12 September 2024 at Madinat Jumeirah.

The occasion, highlighting Dubai’s unwavering dedication to advertise future know-how, is anticipated to draw over 5,000 guests and individuals, apart from greater than 500 traders and 100 exhibitors.

Since its launch in 2021, DIFC’s Innovation Hub continues to develop and forge milestone partnerships whereas driving innovation and serving to form forward-looking plans. It’s now dwelling to over 1,000 startups. As a part of the Dubai Metaverse Technique, the Innovation Hub launched the Metaverse Accelerator Program, which enrolled greater than 150 college students in its first cohort.

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