Dubai's DMCC Launches AI Centre to Drive Global Innovation and Attract Top Investors

DMCC launches AI Centre to drive global AIsolutions

DUBAI - DMCC, the free zone and Government of Dubai Authority on commodities trade and enterprise, has announced the launch of the DMCC AI Centre as Dubai's latest innovation platform to advance pragmatic artificial intelligence (AI) adoption and the development of real-life use cases to scale throughout the MENA region. During the launch event, DMCC spokespersons briefed over 60 select guests, including Khalfan Belhoul, CEO of Dubai Future Foundation (DFF), Dr Marwan Alzarouni, Chief AI Officer, Dubai Department of Economy and Tourism (DET), ambassadors, government ministers, AI companies and other industry stakeholders, on the new centre's range of services and unique benefits. Khalfan Belhoul, Chief Executive Officer of the Dubai Future Foundation, emphasised Dubai and the UAE's commitment to becoming a world leader in AI by 2031 through the National Strategy for Artificial Intelligence. He highlighted the opening of the DMCC AI Centre as a significant milestone in achieving this goal, fostering an environment that attracts new companies, encourages innovation, and solidifies Dubai's status as a global hub for AI and emerging technologies. Occupying two floors of DMCC's headquarters in Uptown Tower, the AI Centre will be part of a newly integrated hub alongside DMCC's established technology ecosystems the DMCC Crypto Centre and DMCC Gaming Centre. It will offer a modern and state-of-the-art space, providing members with world-class facilities including advanced co-working spaces, high-tech meeting rooms and an exclusive AI solution showroom. DMCC is already home to over 50 AI and robotics companies from all over the world, including AMD, Autel Robotics, HIKVISION, Laipic, and QX Lab AI. As part of DMCC AI Centre's wider value offering, DMCC has onboarded a range of leading AI players as official partners. Global custom software and app developer Builder.ai will support DMCC members build apps using AI technology, while UAE-based AGCC will run accelerator and market entry programmes to attract and scale up the best AI technology from around the world. One such event is already set to take place at Expand North Star in Dubai this October, with DMCC and AGCC organising a competition with a prize pool of US$100,000 for start-ups to scale up practical, sustainability-focused AI solutions in the GCC region. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, "With AI projected to add over US$15 trillion to the global economy by 2030, its transformative potential on global trade, supply chains and business is clear. Capitalising on this momentum, the DMCC AI Centre will provide companies, investors and partners with another world-class ecosystem from which to access the best AI services and solutions from Dubai. As we scale up these technologies and attract new service providers, these benefits will be extended to both AI and non-AI companies, creating a multiplier effect for DMCC's business district and our community as a whole." Sachin Dev Duggal, Founder & Chief Wizard, Builder.ai, stated, "We're really excited to partner with DMCC AI Centre to bring practical, impactful AI solutions to DMCC's business community, Dubai, and the MENA region. At Builder.ai, we believe in AI's power to transform industries and enable every business and entrepreneur to become digitally empowered. Through this collaboration, we can help businesses across sectors tap into advanced technology that drives real and scalable growth."

DMCC launches AI Centre to drive global AI solutions

DMCC AI Centre launched as latest Dubai-based innovation platform to drive global AI adoption and practical solutions H.E. Khalfan Belhoul, Chief Executive Officer, Dubai Future Foundation (DFF), and Dr. Marwan Alzarouni, Chief AI Officer, Dubai Department of Economy and Tourism (DET), gave special addresses at the exclusive launch at DMCC's headquarters Uptown Tower AI Centre to occupy two floors as part of integrated technology hub alongside DMCC Crypto and DMCC Gaming Centres with high-tech meeting rooms, co-working spaces and an exclusive AI solutions showroom Ecosystem partners including Builder.ai and AGCC, both based in DMCC, will provide access to AI technology, skills development, accelerator and market entry programmes Series of investor and industry events planned with grants and funding opportunities, including USD 100,000 for upcoming Global AI Challenge at Expand North Star H.E. Khalfan Belhoul, Chief Executive Officer (CEO) of the Dubai Future Foundation: "The opening of the DMCC AI Centre will attract new companies, drive innovation and reinforce Dubai's status as a global hub and destination for AI and emerging technologies" Dubai, UAE: DMCC - the world's flagship free zone and Government of Dubai Authority on commodities trade and enterprise - has announced the launch of the DMCC AI Centre as Dubai's latest innovation platform to advance pragmatic artificial intelligence (AI) adoption and the development of real-life use cases to scale throughout the MENA region. During the launch event, DMCC spokespersons briefed over 60 select guests, including H.E. Khalfan Belhoul, CEO of Dubai Future Foundation (DFF), Dr Marwan Alzarouni, Chief AI Officer, Dubai Department of Econoym and Tourism (DET), ambassadors, government ministers, AI companies and other industry stakeholders, on the new centre's range of services and unique benefits. His Excellency Khalfan Belhoul, Chief Executive Officer (CEO) of the Dubai Future Foundation, emphasised Dubai and the UAE's commitment to becoming a world leader in AI by 2031 through the National Strategy for Artificial Intelligence. He highlighted the opening of the DMCC AI Centre as a significant milestone in achieving this goal, fostering an environment that attracts new companies, encourages innovation, and solidifies Dubai's status as a global hub for AI and emerging technologies. Occupying two floors of DMCC's headquarters in Uptown Tower, the AI Centre will be part of a newly integrated hub alongside DMCC's established technology ecosystems the DMCC Crypto Centre and DMCC Gaming Centre. It will offer a modern and state-of-the-art space, providing members with world-class facilities including advanced co-working spaces, high-tech meeting rooms and an exclusive AI solution showroom. DMCC is already home to over 50 AI and robotics companies from all over the world, including AMD, Autel Robotics, HIKVISION, Laipic, and QX Lab AI. As part of DMCC AI Centre's wider value offering, DMCC has onboarded a range of leading AI players as official partners. Global custom software and app developer Builder.ai will support DMCC members build apps using AI technology, while UAE-based AGCC will run accelerator and market entry programmes to attract and scale up the best AI technology from around the world. One such event is already set to take place at Expand North Star in Dubai this October, with DMCC and AGCC organising a competition with a prize pool of USD 100,000 for start-ups to scale up practical, sustainability-focused AI solutions in the GCC region. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: "With AI projected to add over USD 15 trillion to the global economy by 2030, its transformative potential on global trade, supply chains and business is clear. Capitalising on this momentum, the DMCC AI Centre will provide companies, investors and partners with another world-class ecosystem from which to access the best AI services and solutions from Dubai. As we scale up these technologies and attract new service providers, these benefits will be extended to both AI and non-AI companies, creating a multiplier effect for DMCC's business district and our community as a whole." Sachin Dev Duggal, Founder & Chief Wizard, Builder.ai, said: "We're really excited to partner with DMCC AI Centre to bring practical, impactful AI solutions to DMCC's business community, Dubai, and the MENA region. At Builder.ai, we believe in AI's power to transform industries and enable every business and entrepreneur to become digitally empowered. Through this collaboration, we can help businesses across sectors tap into advanced technology that drives real and scalable growth. We'd like to thank Ahmed Bin Sulayem, the Executive Chairman and CEO of DMCC, for his visionary leadership and continuous innovation, which have positioned DMCC as a global hub for trade and technology, and made this collaboration possible. Together with DMCC, we're committed to making AI more accessible and empowering companies to innovate and thrive in an increasingly digital world." DMCC's Future of Trade 2024 report highlighted the transformative impact of AI on global trade which is expected to accelerate over the next few years, driven by major advancements in computational power, global flows of data and innovations in machine learning algorithms. In particular, AI holds vast potential to reduce costs and increase trade productivity through the optimisation of supply chains, automation of services, enhanced market analysis, competitive monitoring, and integration with other cutting-edge technologies such as Internet of Things (IoT), 5G, cloud computing, and additive manufacturing. For more information on the DMCC AI Centre, please visit: https://dmcc.ae/ecosystems/ai -Ends- Media Enquiries: DMCC PR & Corporate Communications [email protected] About DMCC Headquartered in Dubai, DMCC is the world's most interconnected Free Zone, and the leading trade and enterprise hub for commodities. Whether developing vibrant neighbourhoods with world-class property like Jumeirah Lakes Towers and the much-anticipated Uptown Dubai, or delivering high performance business services, DMCC provides everything its dynamic community needs to live, work and thrive. Made for Trade, DMCC is proud to sustain and grow Dubai's position as the place to be for global trade today and long into the future. www.dmcc.ae

Dubai: New AI centre launched to develop real-world applications, attract top investors

Paid parking in Dubai: Residents face up to Dh4,000 extra yearly costs when new rates kick in Dubai's DMCC free zone has launched an artificial intelligence (AI) centre, positioning the country as a potential hub for AI development. This new initiative aims to provide a platform for tech companies to launch their AI-related service while connecting businesses with the resources they need to integrate AI into their operations. "We are planting seeds," said Ahmed Bin Sulayem, chief executive Officer of DMCC, during a media roundtable on Tuesday. He explained that the goal is to make UAE a leader in AI. "We are planning to be the next AI hub. Through this centre we will look to advance AI adoption and real-life use case with can attract new technologies." The centre is expected to scale AI solutions across industries, creating a "multiplier effect" throughout the DMCC business district. Although the decision to establish the centre wasn't easy, Bin Sulayem emphasised the free zone's strong track record. "When it was first suggested to me, I almost left," he admitted, acknowledging the initial doubts he had about the project. However, he highlighted DMCC's ability to support such a transformative industry. "Since AI is going to be a part of our lives and the businesses we engage with, it's crucial to have this industry close by," he said. The DMCC AI Centre will offer companies access to capital, accelerator programs, knowledge-sharing platforms, networking opportunities, education, and training for its member companies. The centre is being launched in partnership with a range of ecosystem partners, including Builder.ai. Its founder Sachin Dev Duggal explained how the center would enable companies. "Centres like these have the ecosystem and vendors in one place so it will help especially companies without a huge amount of cost to find AI solutions they need," he said. This AI centre will focus on developing and commercialising real-world AI applications to attract the best companies, investors, and partners. In 2021, the freezone launched the DMCC Crypto Centre, a comprehensive ecosystem for businesses operating in the cryptographic and blockchain sectors. Currently the centre has over 600 members with over 150 million dollars of funding available.