Hamdan bin Mohammed Inaugurates Dubai AI Campus

Dubai AI Campus Launched to Bolster AI Adoption and Economic Growth

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum inaugurated the Dubai AI Campus cluster at the DIFC Innovation Hub. This significant move aligns with the goals of the D33 Dubai Economic Agenda, aimed at enhancing Dubai’s position as a global hub for the digital economy.

Key Highlights:

– Strategic Initiative: Part of phase one of the DUB.AI program, designed to accelerate AI adoption across various sectors.

– Economic Boost: Expected to host hundreds of businesses and create thousands of jobs, enhancing Dubai’s economic landscape.

– Initial Success: Over 75 businesses registered in phase one; phase two aims to attract over 500 companies and generate more than 3,000 jobs by 2028.

His Highness emphasized Dubai’s commitment to becoming a leading global hub for AI and digital innovation, in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum.

Regional Leadership:

The Dubai AI Campus, the largest AI and advanced tech cluster in the MENA region, will drive significant contributions to the digital economy, with AI projected to add $230 billion to the Middle East’s economy by 2030.

Collaborations and Opportunities:

The campus facilitates partnerships with major tech companies like Amazon Web Services, HP, Microsoft, Oracle, and Nvidia. It will offer specialized AI licenses and leverage DIFC’s legal framework to support digital asset investments.

Upcoming Events:

The Dubai AI and Web3 Festival, scheduled for September 2024, will showcase Dubai’s commitment to future technologies, expected to draw over 5,000 visitors and 500 investors.

Innovation Hub Growth:

Since its inception in 2021, the DIFC Innovation Hub has become a key driver of innovation, home to over 1,000 startups, and continues to expand its influence in the digital economy.