Sheikh Hamdan bin Mohammed inaugurates Dubai AI Campus cluster on the DIFC Innovation Hub

His Highness: We prioritise Dubai’s competitiveness and main place as a hub for the digital financial system in all initiatives and programmes we launch, according to objectives of the D33

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

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

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

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, at this time inaugurated the Dubai AI Campus cluster on the Innovation Hub, Dubai Worldwide Monetary Centre (DIFC).

The transfer is a part of section one of many annual Dubai Common Blueprint for Synthetic Intelligence (DUB.AI), which was not too long ago launched with the intention of accelerating AI adoption throughout all related sectors, thus creating the optimum nurturing ecosystem for AI companies and skills to drive innovation in AI.   

Sheikh Hamdan mentioned that Dubai continues to launch strategic plans with the intention of accelerating the adoption of AI and its purposes in all sectors according to 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 financial system and the popular vacation spot for main AI companies and prime expertise from around the globe.  

“Our efforts proceed to harness the massive potential of superior expertise. The Dubai AI Campus at DIFC is a key step in the direction of reaching our objectives of doubling financial progress and growing AI’s contribution to Dubai and the UAE’s GDP. We’re assured this campus might be a key addition to Dubai’s financial system by internet hosting tons of of companies and providing 1000’s of jobs over the following few years, additional cementing Dubai’s standing as a favorite vacation spot for tech firms,” His Highness mentioned.  

“We prioritise Dubai’s competitiveness and main place as a hub for the digital financial system in all initiatives and programmes we launch, according to objectives of the Dubai Financial Agenda (D33). At this time we transfer steadily in the direction of a brand new period of management and sustainable progress of Dubai’s financial system, which relies on information, innovation, and future tech purposes. Dubai will all the time stay a beacon of financial prosperity, regionally and globally, and the popular selection of progressive minds,” he added.  

Area’s prime AI vacation spot
Introduced in 2023, the Dubai AI Campus is the biggest devoted cluster of AI and superior tech within the MENA area.  

The launch contributes to boosting the aims of Dubai Financial Agenda (D33), together with producing a mean AED 100 billion yearly for Dubai’s financial system by means 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 financial 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 financial 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 Functions; His Excellency Issa Kazim, Governor of the Dubai Worldwide Monetary Centre; and Arif Amiri, CEO of the DIFC Authority.

The Dubai AI Campus cluster might be a part of the DIFC Innovation Hub, which gives 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 lengthen over 100,000 sq. toes and is about to draw over 500 firms creating greater than 3,000 jobs by 2028.  

A worldwide 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 objectives of the Dubai Financial Agenda whereas supporting future expertise and digital financial system methods of the emirate.  
 “The opening of Dubai AI Campus is a part of the primary section of the annual Dubai Common Blueprint for Synthetic Intelligence (DUB.AI), performing as a key enabler that may bolster Dubai’s place as a world hub accelerating the adoption of superior expertise,” he mentioned.  

Simple investor entry
“By Dubai and DIFC’s progressive construction, startups have direct entry to traders, funding funds, main firms and conventional monetary establishments. This ensures that high-potential companies obtain the mandatory funding wanted to attain their objectives,” HE Essa Kazim added.  

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

“The cluster will even cement DIFC’s place as the biggest incubator of the monetary sector throughout the MEASA area as we sit up for collaborating with regional gamers to assist them simplify and increase their enterprise by means of AI,” he added.

Tech partnerships
The Dubai AI Campus facilitates multinational tech partnerships with main tech firms resembling Amazon Net Companies, HP, Microsoft, Oracle and Nvidia, who will be a part of the cluster as key companions, additional highlighting its empowering nature and making it house 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 purposes within the personal sector.  

Distinctive licences
The Dubai AI Campus might be providing a singular AI licence specifically designed to fulfill the necessities of the following technology of AI-dependent companies. This licence utilises DIFC’s unbiased authorized framework.  
Companies throughout the cluster will even profit from DIFC’s Digital Belongings Regulation, the primary of its sort globally, providing authorized certainty to traders and customers of digital belongings.

Future tech showcase
Additional testifying to its management and concentrate on leveraging technological developments for the larger good, Dubai is about 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 Functions Workplace, and DIFC, on 11 and 12 September 2024 at Madinat Jumeirah.  

The occasion, highlighting Dubai’s unwavering dedication to advertise future expertise, is anticipated to draw over 5,000 guests and individuals, in addition to 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 house 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.