DIFC to build new campus to attract over 500 AI and Web3 startups

DIFC to build new campus to attract over 500 AI and Web3 startups

Dubai International Financial Centre (DIFC), the global financial centre in the Middle East, Africa, and South Asia (MEASA) region, has announced it will build the ‘Dubai AI & Web 3.0 Campus’, the largest cluster of artificial intelligence and tech companies in the MENA region. The announcement follows the directives of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC. Over the next five years, the campus, situated within the DIFC Innovation One premises, will undergo expansion to encompass a dedicated area exceeding 100,000 square feet. Its primary focus will revolve around the use of AI and Web3 technologies within the financial services sector. The ‘Dubai AI & Web 3.0 Campus’ will be home to entrepreneurs, disruptors and engineers who possess passion for emerging technologies. The campus will provide physical and digital infrastructure including R&D facilities, accelerator programmes and collaborative workspaces, to attract, build and scale AI companies. Essa Kazim, governor of , said: “DIFC’s 2030 strategy is central to shaping the future of finance and innovation. AI is expected to inject Dhs103bn into the UAE economy by 2035 and contribute 14 per cent to the