The key facts
- Sheikh Hamdan approved a target of more than 1,000 AI companies and over 5,000 jobs by 2030
- The campus has already attracted more than 500 companies and over AED 1 billion in investments
- Previous targets were met two years ahead of schedule
New goals for the AI campus
Dubai's Crown Prince, Deputy Prime Minister and Minister of Defense of the UAE, Sheikh Hamdan bin Mohammed, announced new strategic targets for Dubai's artificial intelligence campus. He attended the opening of the two-day Dubai AI Festival on Monday, where he reviewed plans for the campus's new headquarters located in the Dubai International Financial Centre (DIFC). According to the emirate's media office, Sheikh Hamdan approved a target of attracting more than 1,000 AI companies and creating over 5,000 highly skilled jobs by 2030.
Previous targets achieved ahead of schedule
According to Sheikh Hamdan, the campus has already attracted more than 500 specialized companies and over AED 1 billion in investments, meeting its targets two years ahead of schedule.
Significance of the event
The early achievement of the previous targets — more than 500 companies and over AED 1 billion in investments — provided grounds for doubling the goals, indicating accelerated development of Dubai's AI sector. The event matters for companies and professionals in artificial intelligence, for whom the DIFC campus serves as an entry point into the emirate's market; a practical consequence will be the expansion of infrastructure and the creation of more than 5,000 highly skilled jobs by 2030. Sources do not disclose details of the financing for the new targets or the mechanisms for achieving them.
