Almost a year ago, Dubai launched the ‘Dubai Universal Blueprint for Artificial Intelligence’ initiative aimed at fostering AI adoption across various industries, while also reinforcing the emirate’s “position as a global leader in emerging technologies.”
Since then, the emirate has made significant progress, including appointing Chief AI Officers in government and providing AI training to schoolteachers. Today, Sheikh Hamdan made another announcement that further underscores the sector’s expansion.
Gulf Data Hub, founded in Dubai, in partnership with global private equity firm KKR & Co, will invest USD 5B (around AED 18.365B) to strengthen its market-leading position.
As a leading provider of data centre solutions, Gulf Data Hub has been driving technological innovation since 2012.
The private equity firm’s first move will be acquiring a stake in the Dubai-based company, marking one of the largest international investments in a UAE-founded and managed enterprise.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum took to X to announce the news, stating, “This landmark investment, the first of its kind in the region, will enhance data centre capacity in the UAE and the Middle East.”
He further added, “We look forward to welcoming more partners as we advance Dubai’s digital capabilities and drive AI innovation. Dubai is the future, and the future is Dubai.”