Ahmed Bin Sulayem, CEO of DMCC, emphasized the significant economic impact of AI, projecting it will contribute over $15 trillion to the global economy by 2030.

The AI Centre aims to attract more businesses to Dubai's AI landscape, currently hosting over 50 AI and robotics companies, including major players like AMD and HIKVISION.

This initiative supports the Dubai Economic Agenda (D33), which targets doubling the economy over the next decade by integrating AI across vital sectors.

The festival aligns with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum to establish Dubai as a global hub for technology and innovation.

The DMCC AI Centre will provide member companies access to capital, accelerator programs, knowledge-sharing platforms, and education to foster growth.

Dubai's DMCC has launched the DMCC AI Centre, positioning the UAE as a potential hub for artificial intelligence development and adoption.

Khalfan Belhoul, CEO of Dubai Future Foundation, highlighted the importance of the AI Centre in achieving the UAE's goal of becoming a leader in AI by 2031.

The Dubai Electronic Security Center (DESC) launched the Dubai AI Security Policy to enhance confidence in AI technologies and address electronic security risks.

The UAE's AI market was valued at $3.47 billion in 2023, with a projected growth rate of 43.9% from 2024 to 2030, indicating a robust future for AI in the region.

The inaugural Dubai AI & Web3 Festival, held from September 11-12 at Madinat Jumeirah, aims to gather 6,000 participants from 100 countries, showcasing Dubai's commitment to advancing the digital economy.

The festival will host the FutureTech World Cup, where AI startups will pitch solutions, with the winner receiving a Dubai AI Licence and mentorship opportunities.

A series of industry events, including a USD 100,000 prize for the Global AI Challenge at Expand North Star, are planned to stimulate innovation within the AI sector.