The Dubai International Financial Centre (DIFC) announced that it will build the ‘Dubai AI & Web 3.0 Campus’, the largest cluster of Artificial Intelligence and tech companies in the MENA region.
The Dubai AI & Web 3.0 Campus will open its doors at the DIFC Innovation One premises, with ambitious plans to expand into a dedicated campus spanning over 100,000 sq. ft. in the next 5 years. The Dubai AI & Web 3.0 Campus will focus on the use of AI and Web 3.0 in the financial services industry, it will be home to exceptional teams of visionary entrepreneurs, disruptors and engineers who possess a deep passion for emerging technologies. The Dubai AI & Web 3.0 Campus will provide world-class physical and digital infrastructure including R&D facilities, accelerator programmes and collaborative workspaces, to attract, build and scale AI companies.
H.E. Essa Kazim, Governor of DIFC, said “DIFC’s 2030 strategy is central to shaping the future of finance and innovation. AI is expected to inject AED 103bn into the UAE economy by 2035 and contribute 14 per cent to the country’s GDP by the end of the decade. The Dubai AI & Web 3.0 Campus will therefore significantly contribute to this growth as a global nexus for R&D, investment, and innovation, set to attract over USD 300mn in collective funds, 500+ global AI and Web 3.0 start-ups, and create 3000+ jobs by 2028.”
The Dubai AI & Web 3.0 Campus will act as a catalyst for growth, attracting global innovators, start-ups, and industry leaders to establish a vibrant ecosystem of AI-driven initiatives within the region. AI & Web 3.0 companies will also benefit from a sector-specific dedicated licensing and regulatory framework, in addition to leveraging DIFC unique soft infrastructure.
Arif Amiri, Chief Executive Officer, DIFC Authority, said “At DIFC we believe that being at the forefront of tech innovation and AI advancement is imperative as we pave the way for a digitally empowered future of finance. The Dubai AI & Web 3.0 Campus will act as a catalyst for growth by attracting global innovators, start-ups, venture capitalists, and industry leaders, as we establish MENA’s largest ecosystem for the AI and Web 3.0 sectors. By nurturing a collaborative environment, the Dubai AI & Web 3.0 Campus will accelerate the development of future-forward technologies and empower organisations to unlock the true potential of AI and Web 3.0.”
