Dubai, the global city of the UAE, is rapidly emerging as an innovation hub for Artificial Intelligence (AI) and Web3 technologies, positioning itself as a leader in the global digital economy. Through innovation and technology integration, Dubai is promoting growth in all sectors. By 2030, AI is expected to contribute $230 billion to the Middle East economy representing 14% of the UAE's GDP. The AI and Web3 market is projected to create 200,000 jobs in the Middle East region alone by 2025.
The 'Dubai AI & Web3 Festival', to be held at the Madinat Jumeirah Hotel from September 11-12, 2024, is a key event realising Dubai's vision for future technology. Co-hosted by Dubai AI Campus, Dubai International Financial Centre (DIFC), and the Ministry of State for Artificial Intelligence, Digital Economy and Remote Work Applications, this festival follows the directives of Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Chairman of The Executive Council of Dubai, and Chairman of Dubai's Higher Committee of Future Technology and Digital Economy. The event will attract over 5,000 global industry leaders, policymakers, and innovators from more than 100 countries, featuring over 100 exhibitors. This festival offers a unique opportunity to explore the integration of cutting-edge technologies and witness firsthand how AI and Web3 are driving the digital economy and technological innovation.
◆Dubai AI Campus
Launched in August 2023, the Dubai AI Campus is a state-of-the-art technology hub and part of the DIFC Innovation Hub, established under the directives of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and President of DIFC. DIFC (Dubai International Financial Centre) serves as the main financial hub for the MEASA (Middle East, Africa, South Asia) region, with its Innovation Hub currently hosting over 1,000 startups. As part of the DIFC Innovation Hub, the Dubai AI Campus provides dedicated co-working spaces for technology startups, including AI businesses. It offers AI solutions through partnerships with leading tech companies such as Amazon Web Services, HP, Microsoft, Oracle, and NVIDIA.
The Dubai AI Campus is the largest AI and advanced technology cluster in the Middle East and North Africa (MENA) region. It's a crucial step towards achieving the Dubai government's goal of doubling the UAE's economic growth and increasing AI's contribution to Dubai and the UAE's GDP. These efforts aim to achieve the goals of the Dubai Economic Agenda (D33), targeting an annual contribution of 100 billion dirhams (about 37.64 trillion won) to Dubai's economy through digital transformation projects. Dubai also aims for sustainable economic growth based on innovation and future technologies. The goal is to create over 3,000 jobs, attract more than 500 global AI and Web3 startups, and generate over $300 million in investments by 2028.
Startups can access supercomputers for training AI algorithms and a supportive legislative environment that facilitates the growth of next-generation AI companies. Dubai and DIFC's innovative policies help promising companies secure necessary funding through investors, investment funds, major corporations, and traditional financial institutions. By 2028, the campus is expected to expand to 100,000 square feet and drive innovation through global technology partnerships.
◆Participating in the Dubai AI & Web3 Festival
The Dubai AI & Web3 Festival is the premier event to explore the future of technology and discover new opportunities at the forefront of innovation. Companies eager to grow and lead in global technological innovation should contact Atlantis Wide Net, the official Korean agent for the Dubai AI & Web3 Festival.
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