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Sheikh Hamdan approves targets for Dubai's AI campus to attract 1,000 firms and create 5,000 jobs

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has announced new targets for the emirate's artificial intelligence ambitions. Sheikh Hamdan attended the opening of the two-day Dubai AI Festival on Monday, where he reviewed plans for the new headquarters of the Dubai Artificial Intelligence Campus. He approved a new strategic target to attract…

Sheikh Hamdan approves targets for Dubai's AI campus to attract 1,000 firms and create 5,000 jobs

Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai and Deputy Prime Minister, has set ambitious targets for the city's Artificial Intelligence ambitions. During the launch of the Dubai AI Festival, Sheikh Hamdan reviewed plans for the new headquarters of the Dubai Artificial Intelligence Campus. Approving a strategic target, he aims to attract more than 1,000 AI companies and generate over 5,000 highly skilled jobs by 2030, according to the emirate's media office.

The campus, situated within the Dubai International Financial Centre, has already attracted more than 500 specialized companies and invested over Dh1 billion, surpassing its initial targets two years early. In response to this success, Sheikh Hamdan has announced an even more ambitious goal: attracting over 1,000 specialized companies by 2030. Dubai continues to raise the bar, positioning itself at the forefront of AI and shaping the future of the global economy.

Written by urgent.news from The National Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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