6 November 2024, Wed |
4:08 AM
GITEX GLOBAL inaugurated its Code Infinity initiative, the region’s largest developer event, with founding partners Microsoft, Oracle, and Red Hat, to empower young developers and enable the region’s transformation goals in line with the UAE’s National Program for Coders.
Throughout GITEX GLOBAL, Code Infinity will offer sessions from the founding partners, including free, certified workshops from Microsoft and Red Hat, as well as hands-on labs from Oracle.
According to Binance CEO and founder Changpeng Zhao, the UAE has been held up as a “symbol of embracing technology” as countries adopt different approaches to our rapidly changing world as part of the Defi and Crypto Talks agenda on the 4th Future Blockchain Summit.
Zhao said, “Things happen here very fast, it is one of the most pro-business environments in the world, and things are built with real quality – I wish I had visited here earlier.”
When asked about the differing views taken by governments to crypto and CBDCs, he added: “I think there is a lack of understanding that causes fear, and this is not the right approach. We should embrace anything with the potential to disrupt.
“Keep an open mind and don’t be afraid to embrace disruption, it will help countries to grow. It is new tech and you cannot ignore new technology. This country already understands that and is a symbol of embracing technology. This country gets it. Work with us, let us experiment together in a safe and compliant way to grow the industry.”
On day two, GITEX Global hosted Pakistan’s Federal ICT Minister Syed Aminul Haque, marking the first time a Pakistani ICT Minister has visited the show in its 41-year existence.
Minister Haque, who is heading a team of Pakistani business leaders at GITEX Global, officially opened the Pakistan pavilion.
The new fund will be aimed at boosting advanced technology-based innovation in the region and identifying and developing B2B IT businesses.
It will target a variety of firms, including seed-stage, market-stage, and scaling-up companies. Using advanced technologies such as AI, IoT, blockchain, and cybersecurity, these firms have the potential to produce disruptive innovation in a variety of areas, including Smart Cities, Healthcare, Digital Commerce, Fintech, Industry 4.0, and Tourism.
“We aim to replicate our experience in Europe and, in the process, enhance the innovation capacity of the region. We believe that our unique ability to connect vetted innovative technology startups and corporates is aligned to the Middle East’s goal of becoming a digital innovation engine of the MENA region and will create a robust and thriving innovation ecosystem,” said Massimo Cannizzo, CEO and co-founder, GELLIFY Middle East.
According to His Excellency Younus Al Nasser, Assistant Director General Digital Dubai & CEO, Dubai Data Establishment, the globe will generate 463 exabytes of data per day by 2025, according to the GITEX GLOBAL Data Economy stage.
Al Nasser provided an update on Dubai’s Digital Mandate, which intends to ensure that all parts of the city, including government, economy, society, digital city infrastructure, city data and statistics, digital skills, and digital security, are digitised.
“With the direction from His Highness Sheikh Mohammed bin Rashid Al Maktoum, we aim to double the size of our digital economy over the next two years from AED100 billion to AED 200 billion.
“Every time our leadership meets, the first thing they look at is data, statistics of what is happening in the city to put in place the right policies. When we look at the economy, and specifically how to we create a data economy, we need to look at how it has been performing based on data. With the support of other government agencies in Dubai we have built a economic dashboard that is today feeding us an accurate snapshot of economic performance.”
