UAE President Establishes Advanced Tech Council to Boost Abu Dhabi's AI Leadership
Summary:
The United Arab Emirates president, Sheikh Mohamed bin Zayed Al Nahyan, has established the Artificial Intelligence and Advanced Technology Council (AIATC) to oversee AI strategies, infrastructure, and investments. The council is to be chaired by Sheikh Tahnoun bin Zayed, putting forward an effort to enhance Abu Dhabi's AI status. This move aligns with the country's ongoing efforts to position itself as a tech hub, offering commercial licenses to AI and Web3 businesses, promoting blockchain adoption, and launching strategies toward a digital economy.
A new legislation paving the way for the establishment of the Artificial Intelligence and Advanced Technology Council (AIATC) has been issued by the Sheikh Mohamed bin Zayed Al Nahyan, the President of the United Arab Emirates and ruler of Abu Dhabi. The Abu Dhabi Media Office shared the news on Twitter, announcing that Sheikh Tahnoun bin Zayed has been enlisted as the chairman of this pioneering council, with Sheikh Khaled bin Mohammed bin Zayed filling the role of Vice Chairman.
A communique from the government of Abu Dhabi divulges that the newly formed council will carry the responsibility of supervising the creation and execution of artificial intelligence (AI) centric policies and strategic plans. These will be utilised in various fields such as research, infrastructural development, and investments. In addition, the AIATC will foster partnerships with strategic players from across the globe to further AI-related research and strategic planning. The ultimate goal here is to bolster Abu Dhabi's prowess in advanced technology and elevate its international standing in the AI realm. This marks a significant stride for the emirate in blossoming into a premier destination for investments, collaborations, and talent acquisition in this advanced tech sector.
The resolutions issued by the president included appointments of Sheikh Tahnoun bin Zayed Al Nahyan as chairman and Sheikh Khaled bin Mohamed bin Zayed Al Nahyan as Vice Chairman of AIATC. The UAE continues to embrace technological progression with great zeal, shaping itself into an international beacon for nascent tech initiatives. In 2018, the UAE government announced its drive to promote the adoption of blockchain technology through the Emirates Blockchain Strategy.
In March of 2022, the Dubai ruler, Sheikh Mohammed bin Rashid Al Maktoum, came forward to establish the Virtual Asset Regulatory Authority (VARA) with a focus on regulating crypto and digital assets. This move was succeeded by the launch of the Dubai Metaverse Strategy in July 2022. This initiative seeks to bolster over 40,000 jobs in the virtual realm by the year 2030.
AI technology is increasingly becoming the focal point of activity in the UAE. This was validated with the release of commercial licenses with a 90% subsidy for AI and Web3 businesses by the Dubai International Financial Centre (DIFC) on August 15, 2023. Mohammad Alblooshi, CEO of DIFC Innovation Hub, termed this move as an endeavor to allure global talent and investments to the region. In tandem, UAE also becomes host to a specialized economic zone for Web3 and AI solution providers, free of charge. The emirate of Ras Al Khaimah introduced RAK Digital Assets Oasis (DAO) on October 19, 2023, designed specifically to cater to Web3, digital assets, and AI.
Published At
1/23/2024 4:57:33 PM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.