UAE Puts Domestic Capital at the Heart of Its AI Investment Push
The Ministry of Investment arrives at Ai Everything Abu Dhabi with a message that the country's next phase of AI growth will be financed as much by sovereign and family capital at home as by foreign money.
The UAE Ministry of Investment is taking its case to Ai Everything Abu Dhabi, the summit running from 6 to 7 October at the ADNEC Centre, where it will argue that the country's artificial intelligence build-out is increasingly financed from within. Mohamed Hassan Alsuwaidi, the Minister of Investment, said the ambition is not simply to attract investment but to build and scale more AI companies in the UAE, to spread AI applications across sectors, to deepen local capabilities and to create high-value jobs.
Central to that strategy is domestic direct investment alongside foreign direct investment. The ministry estimates the UAE's domestic direct investment at between $100 billion and $119 billion, roughly two to two and a half times annual foreign direct investment inflows, with sovereign funds, family offices and private enterprises investing alongside international capital. Abu Dhabi Global Market is investing more than AED400 million through 2029 to expand its AI capabilities, strengthen digital infrastructure and modernise regulatory and operational systems, and its asset management ecosystem now counts 190 fund and asset managers overseeing 276 funds.
The two-day event, organised by inD with the Department of Government Enablement as host partner and Solutions+, a Mubadala company, as global partner, is expected to convene more than 400 AI companies and start-ups, more than 50 government entities, 20 or more unicorns, and more than 200 investors managing $100 billion in assets. Genesis AI, an investment advisory company based in Cairo and Dubai, will use the show to unveil an AI-powered product called Financial ID.
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