Dubai's AI Boom Lures Global Tech as Emirate Reinvents Itsel…

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AI-generated imageAsianFin -- Dubai is rapidly transforming itself from a desert oil hub into a global tech powerhouse, harnessing artificial intelligence, venture capital, and pro-business policies to position itself as the Middle East’s answer to Silicon Valley.In the first half of 2024, Dubai’s AI Campus welcomed 1,245 companies, a 38% increase year-on-year. The city’s total AI investment reached 20.6 billion dirhams (around $5.44 billion), underscoring a deepening commitment to technological innovation.These developments come as the UAE intensifies efforts to attract global talent and capital through progressiv