DIFC to build MENA’s largest AI & Web3 campus in Dubai

  • Date: 19-Jun-2023
  • Source: GCC Business News
  • Sector:Financial Markets
  • Country:UAE
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DIFC to build MENA’s largest AI & Web3 campus in Dubai



Rep.Image (Courtesy; WAM)



Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa, and South Asia (MEASA) region, will build the “Dubai AI & Web 3.0 Campus”, the largest cluster of Artificial Intelligence and tech companies in the MENA region.

The announcement comes in the implementation of the directives of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC.

With ambitious plans to expand into a dedicated campus spanning over 100,000 square feet in the next five years, the Campus located at the DIFC Innovation One premise will focus on the use of AI and Web 3.0 in the financial services industry.

The “Dubai AI & Web 3.0 Campus” will be home to visionary entrepreneurs, disruptors and engineers who possess a deep passion for emerging technologies. The Campus will provide world-class physical and digital infrastructure including R&D facilities, accelerator programs and collaborative workspaces, to attract, build and scale AI companies.

Essa KazimGovernor – DIFC

“DIFC’s 2030 strategy is central to shaping the future of finance and innovation. AI is expected to inject $28 billion into the UAE economy by 2035 and contribute 14 percent