Dubai International Financial Centre (DIFC) has launched a ground-breaking Artificial Intelligence (AI) and coding licence in cooperation with the UAE Artificial Intelligence Office.
Companies holding the licence will be able to work within a stimulating environment at the DIFC Innovation Hub, which is the largest cluster of FinTech and innovation companies in the region.
The Hub hosts more than 500 firms, ranging from start-ups to global unicorns, representing over 60 per cent of GCC FinTechs.
The licence also provides an opportunity to obtain the UAE Golden Visas for employees working in those companies.
The initiative, which is a UAE first, will advance the country's Artificial Intelligence Strategy 2031 aimed at enhancing the UAE's reputation in this field by attracting AI companies and coders from around the world.
"Such initiatives reflect positively on the country's readiness to become a global destination for pioneering the future industries by adopting advanced technology stimulating innovation in various fields," said Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications.
"Dubai and DIFC are global ambassadors for AI. Financial Services companies in DIFC and a broad spectrum of other industries across the emirate are setting the standard that contributes to the UAE's ambitious goal to have an internationally competitive, knowledge-based economy," added Essa Kazim, Governor of DIFC.
#DIFC announces the launch of the #AI and Coding License with @uaeai_2031, UAE. The license aims for the advancement of UAE’s #AI Strategy 2031 & enhancing its reputation in the field.
— DIFC (@DIFC) March 1, 2022
Read more: https://t.co/4pOrsxc2a4 pic.twitter.com/m1rzhGvjj0
UAE stock markets post AED257 bn market cap growth
Russian gas exports to Europe via Ukraine halted as transit deal expires
UAE to expand CEPAs in 2025, says Thani Al Zeyoudi
Chinese stocks post first annual gain since 2020, HK ends four-year rout
UAE's GDP grows 3.6% in H1 2024
