News has surfaced that the Dubai International Financial Centre is moving forward with plans to build a specialized campus aimed at exploring the realms of AI and Web3 in Dubai.
In Brief
The plan for the AI and Web3 campus at the Dubai International Financial Centre has been confirmed.
This innovative space will cover an impressive 100,000 square feet.
Startups that join this unique campus will concentrate on the integration of AI and blockchain technology within the finance sector, and it will also serve as a hub for visionary entrepreneurs, engineers, and industry innovators.
According to a recent press release, the Dubai International Financial Centre, as a key player in the MEASA financial landscape, is laying the groundwork for an 'AI and Web3 campus' in Dubai, with the ambition of attracting over 500 companies and startups focusing on these cutting-edge technologies by the year 2028.
This initiative is being developed with guidance from top officials including the Minister of Finance of the UAE, the Deputy Prime Minister, the First Deputy Ruler of Dubai, and the President of the DIFC.
In just five years, plans are in place to complete this specialized campus, which will offer diverse categories of startups, with one segment dedicated to AI and blockchain applications in finance. Another segment will bring together forward-thinking entrepreneurs and engineers, all of whom should possess a keen enthusiasm for innovative technologies.
It's important to highlight that the DIFC's forthcoming 'AI and Web3 campus' will be outfitted with top-of-the-line digital and physical resources. Participants will gain access to advanced research and development spaces and collaborative work environments. Furthermore, entrepreneurs will get the chance to join accelerator programs aimed at fostering and scaling AI-driven startups.
This initiative is anticipated to generate over 3,000 job opportunities by 2028. Additionally, the DIFC Governor is optimistic that the campus will secure upwards of $300 million in investment to fuel innovation.
"The 'Dubai AI & Web 3.0 Campus' is set to become a beacon of growth, drawing in global innovators, startups, venture capital firms, and industry leaders, thereby establishing the largest ecosystem for AI and Web 3.0 in the MENA region. By fostering collaboration, this campus will expedite the emergence of pioneering technologies and enable organizations to harness the full potential of AI and Web3,\" stated Arif Amiri, the Chief Executive Officer of DIFC Authority.
Dubai's leadership has previously launched a variety of metaverse and internet-centric initiatives. In July 2022, they rolled out a Metaverse strategy projected to contribute an impressive $4 billion to the local economy in just five years. Earlier this year, the Dubai International Financial Centre introduced the 'DIFC Metaverse Platform,' designed to attract global tech innovators. released Here are the Top 16 Universities specializing in Metaverse and Web3 education, research, and courses. launched The regulator for virtual assets in Dubai has established its headquarters within the Metaverse.
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In line with the Trust Project guidelines With a Master’s in Public Communications and currently pursuing a second degree in International Business Management, Valeria balances her professional life with passions for photography and fashion styling. At only 13, she launched her first fashion blog, sparking her enduring love for journalism and style.
