Hamdan bin Mohammed inaugurates Campus Dubai Artificial Intelligence Park in the Dubai International Financial Centre
DUBAI, 18th May / WAM / His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council, Chairman of the Supreme Committee for Future Technology and the Digital Economy, today opened the “Camps Dubai Artificial Intelligence” complex at the “Innovation Hub” center in the center of Dubai. Global financial.
The opening of the complex comes within the first package of initiatives of the “Dubai Annual Plan to Accelerate the Adoption of Uses and Applications of Artificial Intelligence,” which was launched recently with the aim of accelerating the adoption of artificial intelligence in all sectors and fields of importance, providing the best environment for artificial intelligence companies and global talents for innovation, and accelerating the adoption of advanced applications.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum stressed that Dubai continues to launch strategic plans to accelerate the adoption of uses and applications of artificial intelligence in various sectors, in a way that translates the visions and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. May God help establish Dubai as a global capital for the digital economy, and an exemplary environment for attracting the most prominent artificial intelligence companies and the best global talents in the field of innovation.
His Highness said, “Our work is continuing to take advantage of the enormous potential offered by advanced technology, and the Dubai Artificial Intelligence Campus in the Dubai International Financial Center will be an important step towards achieving our goals of enhancing economic growth rates and increasing the contribution of artificial intelligence to the gross product of Dubai and the UAE. We are confident that this complex It will be an important shift in making Dubai the preferred destination for technology companies, and providing a qualitative addition to Dubai’s economy by embracing hundreds of companies and providing thousands of job opportunities over the next few years.”
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum added, “Dubai’s competitiveness and its leading position as a center for the digital economy is a priority in our programs and projects, to achieve the goals of the Dubai Economic Agenda D33, and today we are moving steadily towards inaugurating a new phase in pioneering and sustaining the growth of the emirate’s economy based on knowledge, innovation and future technological applications.” “Dubai will remain a symbol of economic prosperity in the region and the world, and an ideal destination for those with creative ideas.”
The opening of the complex was attended by His Highness, His Excellency Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, His Excellency Issa Kazim, Governor of the Dubai International Financial Centre, and Arif Amiri, CEO of the Dubai International Financial Center Authority.
Announced in 2023, Campus Dubai for Artificial Intelligence is the largest gathering dedicated to artificial intelligence and technology companies in the Middle East and North Africa region.
The opening of “Camps Dubai for Artificial Intelligence” meets the goals of the Dubai Economic Agenda D33, which seeks to make Dubai the world’s leading city in the digital economy. The goals of the agenda include generating new economic value from digital transformation towards the new economy, with an average of 100 billion dirhams annually, which will be added to the Dubai economy, with the aim of Achieving the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, to consolidate Dubai’s position as a global capital of the digital economy, and an important player in the global digital ecosystem.
The complex is in line with Dubai’s vision to become the preferred business destination for all technology companies, as it aims to strengthen Dubai’s position as a leading center in the field of innovation and technological integration in all sectors, as the economic contribution of artificial intelligence in the Middle East is expected to reach $320 billion by 2030. The UAE is expected to witness the largest impact of about 14% of GDP by 2030.
“Camps Dubai for Artificial Intelligence” is located within the “Innovation Hub” center in the Dubai International Financial Center, and it is a shared workspace dedicated to emerging technology companies, including artificial intelligence, as the number of companies registered within the complex increased to 75 companies, in its first phase. During the current year, with a current area of 10,000 square feet, and upon completion of the second phase of development of the complex in 2028, the complex is scheduled to attract more than 500 companies and provide more than 3,000 job opportunities by 2028 and an investment volume of up to 300 million dollars in Same period.
The complex has an ambitious plan to expand towards occupying a headquarters extending over an area of more than 100,000 square feet, to be completed by 2028.
On this occasion, His Excellency Issa Kazim, Governor of the Dubai International Financial Centre, expressed his happiness at honoring His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, to open the “Dubai Campus for Artificial Intelligence”, stressing that the complex will contribute to accelerating the achievement of the goals of the Dubai Economic Agenda D33. And strategies related to future technology and the digital economy in Dubai.
He said, “The opening of the Dubai Artificial Intelligence Campus comes within the first package of initiatives of Dubai’s annual plan to accelerate the adoption of uses and applications of artificial intelligence, as the complex is considered one of the main enablers that the plan relies on to contribute to enhancing Dubai’s position as a global center for accelerating the adoption of advanced technologies.”
He added, “The innovative system that Dubai and the Dubai International Financial Center enjoys provides startups with the opportunity to have direct access to investors, investment funds, large companies, and traditional financial institutions, ensuring that high-potential companies receive the appropriate levels of financing and support necessary to reach their goals.”
For his part, Arif Amiri, CEO of the Dubai International Financial Center Authority, said: “Campus Dubai Artificial Intelligence contributes to accelerating the achievement of the goals of the Dubai International Financial Center 2030 strategy, which seeks to find new ways to enable our growing ecosystem in the field of financial technology and innovation.”
He added, “Campus Dubai for Artificial Intelligence strengthens the position of the Dubai International Financial Center as the largest incubator system for the sector in the Middle East, Africa and South Asia region, and we look forward to cooperating with companies in the region to simplify and expand their business by adopting artificial intelligence technologies across various sectors.”
Campus Dubai for Artificial Intelligence contributes to creating and activating multinational technological partnerships with a number of leading companies in the sector, such as Amazon Web Services, HP, Microsoft, Oracle, and NVIDIA, which will join the complex. As major partners, which contributes to enhancing the enabling environment for the business community, which makes the complex the headquarters of the first innovation laboratory focused on providing artificial intelligence solutions to small companies in the UAE, in cooperation with “Du”.
As part of its endeavors to provide the appropriate environment for the empowerment, growth, and development of artificial intelligence companies, Campus Dubai for Artificial Intelligence will also provide high computing power to startup companies, including DGX stations that contribute to enhancing digital freedom, which helps provide the appropriate environment for the development of artificial intelligence technologies, and improve… Productivity and faster results.
The complex also runs distinguished business accelerator programs to enhance the implementation of artificial intelligence technologies in the private sector through partnerships with local and international private institutions.
Campus Dubai for Artificial Intelligence also offers a unique license for artificial intelligence, a legal activity specifically designed to meet the requirements of the next generation of companies employing artificial intelligence technologies, as this license benefits from the independent general legal framework of the Dubai International Financial Centre.
Companies within Campus Dubai for Artificial Intelligence will also benefit from the DIFC Digital Assets Law, which is the first of its kind in the world, and which aims to provide legal certainty to investors and users of digital assets.
The Data Protection Commissioner at the Dubai International Financial Center strengthened the organization of the work of artificial intelligence companies, by establishing an advisory committee consisting of distinguished local and international political experts. The committee’s work revolves around developing a framework for best practices in artificial intelligence governance, providing intellectual leadership, and frameworks for accrediting relevant certificates. .
In addition, Dubai is strengthening its leadership position at the forefront of technological development, by hosting the first edition of the “Dubai Artificial Intelligence and Web 3 Festival”, which is organized by “Camps Dubai for Artificial Intelligence” in partnership with the Office of the Ministry of State for Artificial Intelligence, the Digital Economy, Remote Work Applications and the Dubai International Financial Centre. From 11 to 12 September in Madinat Jumeirah, Dubai.
The Dubai Artificial Intelligence and Web 3 Festival is a testament to the emirate’s firm commitment to highlighting future technologies by adopting a global platform that embraces shaping the future of technology and innovation.
The festival’s expanded agenda discusses a range of topics, including ethical considerations in the transformative potential of artificial intelligence. It is expected to attract more than 5,000 visitors and participants, more than 500 investors, and more than 100 exhibitors distributed on three main platforms.
It is noteworthy that the journey of the “Innovation Hub” center in the Dubai International Financial Center, since its opening in 2021, has been characterized by growth and the conclusion of meaningful and distinguished partnerships with a commitment to innovation and its future directions, as the center includes more than 1,000 emerging companies within its ecosystem. In 2023, 316 innovative companies established their headquarters in the Dubai International Financial Centre, while the Innovation Hub launched the “Metaverse Business Accelerator” program as part of the Dubai Metaverse Strategy, receiving more than 150 applications in its first batch.
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