The largest cluster of Artificial Intelligence and tech companies in the MENA region will be established at the Dubai International Financial Centre (DIFC).
The ‘Dubai AI & Web 3.0 Campus’ will be home to state-of-the-art hardware, R&D facilities, accelerator programmes and collaborative workspaces.
The facility, located at the DIFC Innovation One premises will focus on the use of AI and Web 3.0 in the financial services industry, and will host visionary entrepreneurs, disruptors and engineers with a deep passion for emerging technologies.
There are ambitious plans to expand the facility into a dedicated campus spanning over 100,000 sq. ft. in the next five years.
"AI is expected to inject AED103 billion into the UAE economy by 2035 and contribute 14% to the country’s GDP by the end of the decade," said Essa Kazim, Governor of DIFC.
"The Dubai AI & Web 3.0 Campus will significantly contribute to this growth as a global nexus for R&D, investment, and innovation by attracting over $300 million in collective funds, 500+ global AI and Web 3.0 start-ups, and create 3000+ jobs by 2028," he added.
DIFC’s 2030 strategy is centred around driving the future of finance through cutting-edge technology, innovation, and partnerships.
Its Innovation Hub offers one of the region’s most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulations, innovative accelerator programmes and funding for growth-stage start-ups.
Under the directives of @MaktoumMohammed, @DIFC announces it will build the ‘Dubai AI & Web 3.0 Campus’, the largest cluster of Artificial Intelligence and tech companies in the MENA region.https://t.co/PcYMscysDx pic.twitter.com/Cp9JEOkwz4
— Dubai Media Office (@DXBMediaOffice) June 19, 2023
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