Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, set out the UAE's plans to be at the heart of digital transformation as he attended the opening day of the emirate's flagship Gitex Global conference on Monday.
The major technology and artificial intelligence event will this week bring together more than 6,800 exhibitors from 170 countries to show how cutting-edge innovation and enterprise can be a driving force for progress.
This year's event will put the rapid rise of AI – and its key role in shaping the global landscape – into sharp focus.
Global technology giants such as Alibaba Cloud, G42, Google, IBM, Microsoft, Oracle and Siemens will take centre stage during the week-long gathering at Dubai World Trade Centre.
"We want the UAE to be a global model in building an integrated digital economy driven by innovation, knowledge and artificial intelligence, and to serve as an international platform accelerating technological and economic transformation," said Sheikh Mohammed, who is also Prime Minister, in comments shared by Dubai Media Office.
"In Dubai, we have an ambitious vision to raise the annual contribution of digital transformation to the emirate’s economy to Dh100 billion [$27.23 billion] by 2033, and we are moving confidently towards achieving this goal.”
Sheikh Mohammed toured Gitex alongside Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, and Sheikh Maktoum bin Mohammed, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance.
Sheikh Mohammed reflected on the impressive growth of the event, which was first held in 1981.
"Gitex has evolved beyond being a gathering of technology leaders from East and West – it has become a global movement that reflects the UAE’s determination to lead change, turn challenges into opportunities and create strategic partnerships that strengthen our position as a central hub of the global digital economy,” Sheikh Mohammed added.
During his tour, the Dubai Ruler and his accompanying delegation visited several pavilions showcasing the latest global innovations in AI, cloud computing, quantum computing and other emerging technology presented by leading international companies.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Benefits of first-time home buyers' scheme
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- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
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