Dubai AI and Web3 Festival: Pioneering Global Innovation and Market Expansion

Executives from leading AI companies praised UAE and Dubai's leadership in fostering innovation and attracting global talent. During a panel discussion, they emphasized the forthcoming Dubai AI and Web3 Festival as a crucial platform to showcase future technologies, enhance AI literacy, and unlock new markets in the Middle East.

Top executives from leading AI firms have lauded the UAE and Dubai for their significant role in drawing global innovators, startups, and capital to the Middle East, marking the region as a burgeoning digital economy hub.

In a panel discussion at the Dubai International Financial Centre, ahead of the inaugural Dubai AI and Web3 Festival, company representatives highlighted the festival as evidence of Dubai's dedication to promoting future technologies through a noteworthy platform that fosters regional growth and opens new markets for AI applications.

Nader Al Bastaki, Managing Director of Dubai Future District Fund, stressed the necessity of enhancing awareness and trust in the AI sector through stakeholder engagement. According to Al Bastaki, the Dubai AI and Web3 Festival is a prime venue for global stakeholders to heighten public awareness and preparedness regarding AI advancements and to anticipate future trends.

Heath Behncke, Managing Director of Holon, characterized Dubai as a global nucleus for AI firms, backed by initiatives aimed at speeding up AI adoption across critical sectors, offering an innovative environment for global AI talent to flourish. He noted Dubai's facilitation in unlocking new markets for AI in the Middle East.

Patrik Eriksson, Director of Data Technology and Delivery at ZainTECH, described the UAE as a center of innovation due to its active efforts in uniting global AI firms to discover new opportunities and shape policies. He underscored the upcoming festival's role in drawing international experts to exchange insights and solutions, thereby boosting AI literacy.

Peter Oganesean, Managing Director for the Middle East and East Africa at HP Computing and Printing Middle East, remarked that the festival offers a unique chance to unlock AI's potential by empowering individuals and organizations with the necessary tools for future AI applications.

Saqr Ereiqat, CEO of TradeDog Market Manager, echoed these sentiments, affirming the UAE's status as a leader in disruptive technology sectors due to its investment in human capital and infrastructure.

(With inputs from agencies.)