Latest news with #AIATC
Gulf Business
16-05-2025
- Business
- Gulf Business
UAE-US ties: Phase 1 of new 5GW AI campus launches in Abu Dhabi
Image: WAM The UAE's President Sheikh Mohamed bin Zayed Al Nahyan and US President Donald Trump witnessed the launch of the new UAE-US 5GW AI campus in Abu Dhabi, the largest such facility outside the US, as part of a deepening technology According to a report published by state news agency, WAM , the campus will host US hyperscalers and large enterprises with regional compute resources targeting nearly half the global population. The facility will provide 5GW of capacity for AI data centres powered by nuclear, solar, and gas sources to reduce carbon emissions. It will also feature a science park dedicated to AI innovation. G42 to build AI campus The campus will be built by UAE-based 'This campus is a testament to the ongoing collaboration between our countries in artificial intelligence,' said Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chairman of the Artificial Intelligence and Advanced Technology Council (AIATC). 'It is an expression of the UAE's commitment to pioneering innovation and fostering global collaboration… delivering transformative benefits for humanity,' he added. Image courtesy: WAM AI campus to offer access to US hyperscalers, approved cloud service firms The facility will be accessible exclusively to US hyperscalers and approved cloud service providers, with both governments jointly overseeing access and regulation of compute resources. According to the WAM report, US Secretary of Commerce Howard W Lutnick called the announcement 'a historic Middle Eastern partnership on AI' and said it would spur major investments in semiconductors and data centres across both countries. 'American companies will operate the data centres and offer American-managed cloud services throughout the region,' Lutnick said. 'This agreement is a major milestone in achieving President Trump's vision for US AI dominance.' The UAE has taken an early lead in AI development. In 2017, it became the first country to appoint a federal Minister of Artificial Intelligence, and later launched the Mohamed bin Zayed University of Artificial Intelligence, the world's first graduate-level AI university. The UAE Strategy for Artificial Intelligence, also launched in 2017, aims to integrate AI into key sectors such as education, healthcare, transport, and energy. Read:
Yemen Online
15-05-2025
- Business
- Yemen Online
Historic AI Partnership Between the US and UAE Unveiled in Abu Dhabi
Abu Dhabi, UAE – The United States and the United Arab Emirates have announced the launch of a 5GW AI Campus, the largest artificial intelligence facility outside the US. The unveiling took place at Qasr Al Watan, attended by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and President Donald J. Trump, the 47th President of the United States. The AI campus, spanning 10 square miles, will serve as a hub for US hyperscalers and enterprises, offering regional compute capacity to support AI-driven innovation across the Global South. The facility will integrate nuclear, solar, and gas power to minimize carbon emissions while fostering advancements in AI research. The initiative is part of the newly established US-UAE AI Acceleration Partnership, aimed at deepening cooperation in AI and advanced technologies. The UAE's national AI champion, G42, will lead a consortium with US partners to build and invest in AI infrastructure both in the UAE and globally. His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of the Artificial Intelligence and Advanced Technology Council (AIATC), emphasized the significance of the partnership, stating: "Today's agreement is a testament to the ongoing collaboration between our countries in artificial intelligence. It strengthens the UAE's position as a hub for cutting-edge research and sustainable development, delivering transformative benefits for humanity." The AI campus will also house a science park, driving innovation in AI while ensuring stringent security measures to safeguard advanced technologies. The UAE and US will collaborate on Know-Your-Customer protocols to regulate access to compute resources, ensuring responsible AI development. This partnership marks a new era of technological cooperation, reinforcing the UAE's commitment to pioneering AI innovation while strengthening ties with the United States. The AI campus is expected to accelerate breakthroughs in machine learning, cloud computing, and AI-driven solutions, benefiting industries worldwide. With this ambitious project, the UAE and US are setting the stage for a future where AI plays a pivotal role in economic growth, sustainability, and global technological leadership.
Trade Arabia
25-02-2025
- Business
- Trade Arabia
UAE's AI market set to hit $46bn by 2030, says report
The UAE's Artificial Intelligence market is set to grow from $3.47 billion last year to a staggering $46.3 billion by 2030, with the sector forecasted to contribute 14% to the country's GDP by 2030, equating to approximately $100 billion, said an expert. The UAE Strategy for Artificial Intelligence, government-led initiatives like The Artificial Intelligence and Advanced Technology Council (AIATC), strategic frameworks such as The National Program for Artificial Intelligence, and private sector investments spearheaded by the likes of the country's G423 and MGX4, are making AI one of the most appealing investment spaces in the UAE's economy. According to Bas Kooijman, CEO and Asset Manager of DHF Capital, many of the high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals are looking to technology-driven investments to grow their wealth. This is a welcome sign amidst the country's AI outlook, especially after the UAE welcomed 6,700 millionaire migrants into its borders in 2024. An additional projected inflow of 8,200 millionaires is expected in the UAE in 2025, more than any other country in the world. Moreover, 72% of asset and wealth managers are expecting AI and tech to reshape investment strategies7, reinforcing the notion that the landscape is shifting fast with HNW and UHNW investors boasting investment power to spearhead this trajectory, he stated. The integration of AI in finance accordingly requires investors to rethink their investment strategies. Bas said: "With current inflation rates, geopolitical turmoil, and several other factors at play, diversification is no longer optional; it is a must to enable financial freedom in today's world. The days of relying solely on traditional markets are fading fast – if not already in the rearview – and investors who are not tapping into AI-driven opportunities risk falling behind." "Tech-based Algorithmic trading, data-powered insights, and risk-managed asset allocation are reshaping wealth-building strategies, giving investors the ability to secure a future-proof portfolio that balances innovation, security, and high-growth potential. Dubai's top 10 global AI ranking could elevate even further if the country's current $100 billion AI GDP forecast is realized in five years," he added. As one of the biggest tech-infrastructure projects in the world, one of the UAE's most recent endeavours is a $30-$50 billion investment in a 1-gigawatt AI data centre in partnership with France. This collaboration reinforces the country's elite global standing in this space and also a willingness to cross-collaborate towards innovation. As global AI leaders turn to Dubai for strategic collaboration, the region is attracting both massive capital and top-tier talent, making this a prime moment for investors to tap into the AI boom, said the expert. Complimenting this surge, the global wealth management software market, the key to AI-driven investing, is already valued at $5.51 billion and set for explosive growth, projected to expand at a 14% compound annual growth rate (CAGR) from 2025 through the decade's end. For investors looking beyond traditional markets, AI is the next big play in reshaping portfolio strategies, unlocking new revenue streams, and building future-proof investments, stated Kooijman, who is helping investors make sense of this massive shift, enabling HNWIs and UHNWIs to secure high-growth, long-term returns through strategic portfolio diversification.
Zawya
25-02-2025
- Business
- Zawya
UAE's AI market set to hit $46bln by 2030, says report
The UAE's Artificial Intelligence market is set to grow from $3.47 billion last year to a staggering $46.3 billion by 2030, with the sector forecasted to contribute 14% to the country's GDP by 2030, equating to approximately $100 billion, said an expert. The UAE Strategy for Artificial Intelligence, government-led initiatives like The Artificial Intelligence and Advanced Technology Council (AIATC), strategic frameworks such as The National Program for Artificial Intelligence, and private sector investments spearheaded by the likes of the country's G423 and MGX4, are making AI one of the most appealing investment spaces in the UAE's economy. According to Bas Kooijman, CEO and Asset Manager of DHF Capital, many of the high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals are looking to technology-driven investments to grow their wealth. This is a welcome sign amidst the country's AI outlook, especially after the UAE welcomed 6,700 millionaire migrants into its borders in 2024. An additional projected inflow of 8,200 millionaires is expected in the UAE in 2025, more than any other country in the world. Moreover, 72% of asset and wealth managers are expecting AI and tech to reshape investment strategies7, reinforcing the notion that the landscape is shifting fast with HNW and UHNW investors boasting investment power to spearhead this trajectory, he stated. The integration of AI in finance accordingly requires investors to rethink their investment strategies. Bas said: "With current inflation rates, geopolitical turmoil, and several other factors at play, diversification is no longer optional; it is a must to enable financial freedom in today's world. The days of relying solely on traditional markets are fading fast – if not already in the rearview – and investors who are not tapping into AI-driven opportunities risk falling behind." "Tech-based Algorithmic trading, data-powered insights, and risk-managed asset allocation are reshaping wealth-building strategies, giving investors the ability to secure a future-proof portfolio that balances innovation, security, and high-growth potential. Dubai's top 10 global AI ranking could elevate even further if the country's current $100 billion AI GDP forecast is realized in five years," he added. As one of the biggest tech-infrastructure projects in the world, one of the UAE's most recent endeavours is a $30-$50 billion investment in a 1-gigawatt AI data centre in partnership with France. This collaboration reinforces the country's elite global standing in this space and also a willingness to cross-collaborate towards innovation. As global AI leaders turn to Dubai for strategic collaboration, the region is attracting both massive capital and top-tier talent, making this a prime moment for investors to tap into the AI boom, said the expert. Complimenting this surge, the global wealth management software market, the key to AI-driven investing, is already valued at $5.51 billion and set for explosive growth, projected to expand at a 14% compound annual growth rate (CAGR) from 2025 through the decade's end. For investors looking beyond traditional markets, AI is the next big play in reshaping portfolio strategies, unlocking new revenue streams, and building future-proof investments, stated Kooijman, who is helping investors make sense of this massive shift, enabling HNWIs and UHNWIs to secure high-growth, long-term returns through strategic portfolio diversification. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Arabian Business
24-02-2025
- Business
- Arabian Business
UAE's $100bn AI target opens investment opportunities
The UAE's artificial intelligence (AI) market is set to grow from a value of $3.47bn last year to staggering $46.33bn by 2032, according to Bas Kooijman, CEO and Asset Manager of DHF Capital. The UAE Strategy for Artificial Intelligence, government-led initiatives like The Artificial Intelligence and Advanced Technology Council (AIATC), strategic frameworks such as The National Program for Artificial Intelligence, and private sector investments spearheaded by the likes of the country's G423 and MGX4, are making AI one of the most appealing investment spaces in the UAE's economy. AI is forecast to contribute 14 per cent to the UAE's Gross Domestic Product (GDP) by 2030, equating to approximately $100bn. AI investment in the UAE According to Kooijman, many high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals are looking to technology-driven investments to grow their wealth. This is a welcome sign amidst the country's AI outlook, especially after the UAE welcomed 6,700 millionaire migrants into its borders in 2024. An additional projected inflow of 8,200 millionaires is expected in the UAE in 2025, more than any other country in the world. Moreover, 72 per cent of asset and wealth managers are expecting AI and tech to reshape investment strategies, reinforcing the notion that the landscape is shifting fast with HNW and UHNW investors boasting investment power to spearhead this trajectory. The integration of AI in finance accordingly requires investors to rethink their investment strategies. Bas Kooijman said: 'With current inflation rates, geopolitical turmoil, and several other factors at play, diversification is no longer optional; it is a must to enable financial freedom in today's world. 'The days of relying solely on traditional markets are fading fast, if not already in the rearview, and investors who are not tapping into AI-driven opportunities risk falling behind. 'Tech-based algorithmic trading, data-powered insights, and risk-managed asset allocation are reshaping wealth-building strategies, giving investors the ability to secure a future-proof portfolio that balances innovation, security, and high-growth potential. 'Dubai's top 10 global AI ranking could elevate even further if the country's current $100bn AI GDP forecast is realised in five years.' As one of the biggest tech-infrastructure projects in the world, one of the UAE's most recent endeavours is a $30-$50bn investment in a 1-gigawatt AI data centre in partnership with France. This collaboration reinforces the country's elite global standing in this space and also a willingness to cross-collaborate towards innovation. As global AI leaders turn to Dubai for strategic collaboration, the region is attracting both massive capital and top-tier talent, making this a prime moment for investors to tap into the AI boom.
