Dubai: A new AI and Web 3.0 campus will soon be built in Dubai, it was announced Monday.
The ‘Dubai AI & Web 3.0 Campus’ was built by Dubai International Financial Center on the premises of DIFC Innovation One and will be expanded to a 100,000 square foot facility over the next five years.
The campus will be home to visionary entrepreneurs, disruptors and engineers with a deep passion for emerging technologies, with a focus on the use of AI and Web 3.0 in the financial services industry. We provide world-class physical and digital infrastructure, including R&D facilities, accelerator programs, and collaborative workspaces, to attract, build, and scale AI companies.
DIFC President Essa Kazim said: “DIFC’s 2030 Strategy is central to shaping the future of finance and innovation. The Dubai AI & Web 3.0 campus is expected to attract over $300 million in collective funds, over 500 global AI and Web 3.0 start-ups, and create over 3,000 jobs to As a global link in R&D, investment and innovation, we will make a significant contribution to this growth in 2028.”
DIFC’s Innovation Hub is the region’s most comprehensive fintech and venture capital environment, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programs, and funding for growth-stage startups. provide. Fintech and innovation, DIFC’s fastest-growing sector with 686 affiliates, will see more than $615 million raised at the center during 2022.
DIFC Authority CEO Arif Amiri said: “At DIFC, we believe it is essential to be at the forefront of technological innovation and advances in AI in paving the way for a digitized financial future. Acting as a catalyst for growth by attracting global innovators, start-ups, venture capitalists and industry leaders as we establish MENA’s largest ecosystem in the AI and Web 3.0 space. By fostering a collaborative environment, the Dubai AI & Web 3.0 campus will accelerate the development of future-proof technologies, enabling organizations to unlock the true potential of AI and Web 3.0. “
