UAE Establishes Council to Boost Artificial Intelligence Development.
The president of the United Arab Emirates and ruler of Abu Dhabi, Sheikh Mohamed bin Zayed Al Nahyan, has initiated a significant move in the field of technology by establishing the Artificial Intelligence and Advanced Technology Council (AIATC). This council is set to play a pivotal role in advancing artificial intelligence (AI) within the nation.
The AIATC, as announced by the Abu Dhabi government, will oversee the development and implementation of AI policies and strategies. These policies will focus on research, infrastructure, and investments. The council’s work is not just limited to policy-making but also extends to collaboration with local and international partners to develop plans and research programs. This initiative is part of Abu Dhabi’s goal to enhance its standing in the AI domain and to establish itself as a center for investment, partnerships, and talent in advanced technology.
Sheikh Tahnoun bin Zayed Al Nahyan has been appointed as the chairman of the AIATC, with Sheikh Khaled bin Mohamed bin Zayed Al Nahyan serving as the vice-chairman. This decision reflects the UAE’s commitment to becoming a global technology hub and fostering innovation.
The UAE government has shown a strong inclination towards embracing technological advancements. In 2018, the Emirates Blockchain Strategy was announced to encourage blockchain adoption. March 2022 saw the establishment of the Virtual Asset Regulatory Authority (VARA) by Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, which is aimed at regulating cryptocurrencies and digital assets. Additionally, in July 2022, Dubai launched the Dubai Metaverse Strategy, targeting creating over 40,000 virtual jobs by 2030.
The country has recently intensified its focus on AI technology. For instance, on August 15, 2023, the Dubai International Financial Centre (DIFC) began offering commercial licenses for AI and Web3 businesses at a substantial 90% subsidy. According to Mohammad Alblooshi, CEO of DIFC Innovation Hub, this initiative aims to draw more global talent and investment to the region.
Furthermore, the UAE has created a dedicated economic zone for Web3 and AI service providers. On October 19, 2023, the emirate of Ras Al Khaimah launched the RAK digital assets oasis (DAO) specifically for Web3, digital assets, and AI. These steps are part of the UAE’s broader strategy to cement its position as a leader in the rapidly evolving digital and AI landscape.
