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Dubai targets AI leadership with plan to create 50 Agentic AI firms, says Sheikh Hamdan

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Dubai is set to accelerate its push to become a global artificial intelligence powerhouse after Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum unveiled an ambitious strategy aimed at embedding next-generation AI across the emirate’s private sector.

Chairing a meeting of Dubai’s Higher Committee for Future Technology Development and the Digital Economy, Sheikh Hamdan approved a series of initiatives designed to strengthen Dubai’s position as a leading hub for digital innovation, talent, and advanced technologies.

At the centre of the plans is an executive programme to promote the adoption of Agentic AI—autonomous AI systems capable of carrying out tasks, making decisions, and managing operations with minimal human intervention.

“Our goal is for Dubai to become the world’s leading hub for developing and deploying advanced AI solutions,” Sheikh Hamdan said, stressing the crucial role of the private sector in driving the emirate’s technological transformation.

The programme aims to support 295,000 businesses across Dubai, develop 100 specialised AI assistants over the next two years, and facilitate the establishment of 50 Agentic AI companies.

Sheikh Hamdan said AI was becoming a key driver of economic growth and competitiveness, adding that future success would depend on moving beyond traditional AI tools towards more autonomous and capable systems.

The committee also approved Dubai’s hosting of the 50th International Collegiate Programming Contest (ICPC) World Finals in November 2026. The event, regarded as one of the world’s most prestigious student programming competitions, is expected to attract 140 teams from more than 70 countries.

In a further effort to attract skilled professionals, Sheikh Hamdan endorsed the launch of the Dubai Global Talent Network, a platform designed to connect international talent with ties to the emirate and engage them in future development projects.

Among other initiatives approved was a Digital Twin System for Dubai Police, which will use advanced digital modelling and real-time data analysis to enhance surveillance and operational decision-making. The pilot phase will cover 150 cameras across the city.

The meeting also reviewed progress across several flagship digital economy projects. Dubai’s SME digital trade initiative, developed in partnership with Amazon, has reached more than 105,000 companies, surpassing its 2026 target ahead of schedule.

Meanwhile, the Ignyte entrepreneurship platform has attracted over 36,000 users, while the Dubai AI Campus now hosts more than 400 specialist firms and has trained over 1,500 participants through its AI Academy.

Officials also highlighted the rapid growth of Dubai Founders HQ, which has attracted more than 1,100 members and 500 startups within nine months of its launch. Startups within the network have collectively secured more than AED200 million in funding.

The meeting was attended by senior government officials including Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, alongside leaders from Dubai’s technology, economic development, and innovation sectors.

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Dubai Chambers launches one-stop digital platform to help businesses start, grow and expand

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Starting and growing a business in Dubai is set to become easier with the launch of Business in Dubai, a new digital platform by Dubai Chambers that brings together essential corporate services in one place.

Designed as a single gateway for companies, the platform connects businesses with trusted service providers, helping them access everything from financial solutions to technology, marketing and certification services without having to navigate multiple channels.

The initiative aims to simplify business operations while strengthening Dubai’s position as one of the world’s most competitive destinations for investment and entrepreneurship.

What does the platform offer?

The Business in Dubai platform currently provides 65 corporate services through seven accredited partners, offering companies a wide range of support as they establish or expand their operations in the emirate.

The services are grouped into four key categories:

  • Financial services
  • Marketing and business growth services
  • Technology services
  • Testing, inspection and certification services

The current network of partners includes ZENDATA Cybersecurity, FAST Ventures, Mamo, OCTA, SGS Gulf Limited, Vault, and Pemo.

Helping businesses grow

Dubai Chambers said the platform has been designed to save companies time and resources by bringing multiple business services under one digital roof.

Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, said the initiative reflects the organisation’s commitment to creating an environment that supports business growth both locally and internationally.

He said the platform will strengthen Dubai’s investment ecosystem by making it easier for companies to access the services they need to scale their operations and contribute to the emirate’s long-term economic development.

Boost for the digital economy

Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, said the platform will particularly benefit businesses operating in the digital economy by simplifying access to trusted service providers.

He added that the initiative creates a more flexible and efficient business environment, enabling entrepreneurs and companies across different sectors to focus on growth rather than administrative processes.

A single digital gateway

By consolidating key business services onto one platform, Dubai Chambers aims to reduce the time and effort companies spend searching for service providers, allowing them to concentrate on innovation, expansion and day-to-day operations.

The launch forms part of Dubai’s wider efforts to strengthen its business ecosystem and reinforce its position as a leading global hub for trade, investment and entrepreneurship.

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What the new DIFC investment fund proposals mean for investors

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Dubai’s financial regulator is planning the biggest update to the Dubai International Financial Centre (DIFC) investment fund rules in more than a decade.

The Dubai Financial Services Authority (DFSA) has launched a public consultation on a wide-ranging package of reforms designed to modernise the DIFC’s investment fund framework, simplify regulations for fund managers and strengthen investor protection.

Here’s what you need to know.

Why is the DFSA changing the rules?

The DFSA says the investment fund industry has evolved significantly since the current framework was introduced in 2006.

The proposed reforms aim to:

  • Modernise regulations to reflect today’s investment market.
  • Reduce unnecessary compliance requirements.
  • Make it easier for fund managers to operate.
  • Maintain strong investor protection.
  • Align DIFC regulations with international best practices.

What are the proposed changes?

The consultation includes several key proposals:

More flexible rules for private investment funds

The DFSA plans to replace rigid classifications for specialist private funds with a more flexible framework that can better accommodate modern investment strategies.

Simpler licensing for fund managers

Investment managers may no longer need separate licences for certain activities, such as arranging investments or dealing on behalf of clients, as these would be covered under an existing asset management licence.

Updated rules for master-feeder funds

The regulator also wants to modernise regulations governing “master-feeder” fund structures to reflect current market practices better.

Removal of the external fund manager regime

The DFSA proposes removing the external fund manager framework as more firms are now seeking direct authorisation from the regulator.

More investment opportunities for employees

Employees could be given greater flexibility to invest in private funds managed by their own employers, either directly or through dedicated investment vehicles.

Technical improvements

The consultation also proposes several technical amendments to improve clarity and consistency within the Collective Investment Law.

Could tokenised investment funds become a reality?

The consultation also seeks industry feedback on regulating tokenised investment funds.

Tokenisation uses blockchain technology to represent ownership units digitally, potentially making investment funds more efficient and accessible.

At this stage, the DFSA is only gathering feedback and has not proposed formal regulations.

Will retail investors get access to more investment opportunities?

Another topic under discussion is the possible introduction of a long-term investment fund regime.

If developed in the future, it could allow retail investors to access certain long-term assets—such as infrastructure projects or private market investments- that are currently limited to professional investors.

No regulatory changes have been proposed yet; the regulator is first seeking industry views.

Who can provide feedback?

The consultation is open until September 7, 2026.

The DFSA is inviting comments from:

  • Fund managers
  • Asset managers
  • Fund administrators
  • Legal advisers
  • Auditors
  • Compliance professionals
  • Other participants in the DIFC investment funds industry

The proposals form part of Dubai’s wider efforts to strengthen its position as a leading regional hub for wealth and asset management while ensuring regulations remain modern, proportionate and investor-focused.

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Good news for businesses: Sharjah slashes fees and fines

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Businesses in Sharjah can now benefit from a range of temporary fee reductions after Sharjah Police unveiled a new package of incentives aimed at easing costs and supporting the emirate’s business community.

The measures, introduced in line with a decision by the Sharjah Executive Council, include 50% discounts on several security-related fees, along with reduced fines and lower training costs for companies.

What discounts are available?

Under the new initiative, eligible businesses will receive:

  • 50% off security permit renewal fees for commercial activities
  • 50% off security system subscription fees
  • 50% reduction on eligible violations and fines
  • 20% off mandatory training programme fees for companies

Sharjah Police said the initiative is designed to support commercial establishments, encourage business sustainability and further strengthen the emirate’s position as an attractive destination for investment.

How long will the discounts last?

The incentives will be available for three months from the date the decision comes into effect.

Businesses seeking more information about the discounts and eligibility can contact the Sharjah Police Call Centre on 901.

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