Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attends the first day of Gitex Global 2025. Photo: Dubai Media Office
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attends the first day of Gitex Global 2025. Photo: Dubai Media Office
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attends the first day of Gitex Global 2025. Photo: Dubai Media Office
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attends the first day of Gitex Global 2025. Photo: Dubai Media Office

Sheikh Mohammed hails UAE's digital vision at Gitex Global


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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
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • 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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