The platform “Hubbis” has highlighted that artificial intelligence is a primary driver of growth in Dubai, as the city accelerates its transition into a leading global hub for this technology. This ambitious shift is being spearheaded by the Dubai International Financial Centre (DIFC).
A recent report from the platform indicated that amid intensive efforts to modernize the economy and foster innovation, the DIFC has revealed that AI is now handling 26 types of service requests, accounting for 15% of the total inquiries from businesses and tenants within the center.
Moreover, the “Dubai AI Hub,” situated at the heart of the financial district, has successfully attracted 180 AI-focused startups within just one year.
Forecasts suggest that the AI sector in Dubai is poised for substantial growth, with its value expected to surge from $3.5 billion in 2023 to $46 billion by 2030, reflecting an annual growth rate of 44%.
AI tools and smart educational technologies are increasingly reshaping the financial services sector by enhancing efficiency, broadening access, and driving innovation.
The platform also noted that numerous companies are embracing digital payment systems and cryptocurrencies; for example, prominent firms like “Emaar Properties” have begun accepting digital currencies such as Bitcoin in their transactions.