Dubai Holding, a diversified investment group, and Palantir Technologies, a US-based operational AI platform leader, have announced the formation of Aither, a new joint venture based in the United Arab Emirates. The partnership aims to significantly accelerate the adoption of artificial intelligence (AI) across both the public and private sectors within Dubai. This initiative builds on 18 months of collaboration that has already delivered tangible results within Dubai Holding’s extensive portfolio, valued at over AED 280 billion ($76.2 billion).
Foundation in Proven Results
The establishment of Aither isn’t merely an aspirational announcement; it’s a venture grounded in a history of demonstrated effectiveness. The 18 months of operational collaboration preceding the joint venture has already yielded measurable improvements in efficiency, decision-making speed, and data visibility within Dubai Holding’s diverse operations. This practical foundation sets Aither apart, suggesting an immediate ability to generate impact. Palantir has previously worked in the UAE, but this joint venture marks its first in the region. Dubai Holding’s global presence also indicates that Aither’s influence could extend far beyond the UAE.
Scale and Scope of the Partnership
Dubai Holding’s vast portfolio includes significant brands like Nakheel, Meraas, and Jumeirah, operating across sectors like real estate, hospitality, finance, and infrastructure, with investments in over 30 countries and a workforce exceeding 45,000 employees. Aither will serve as a national platform, providing businesses in both the public and private sectors with access to proven AI solutions tailored to Dubai’s key industries. Specifically, Aither will:
- Localize economic value: Transfer knowledge to cultivate national AI talent and establish frameworks for AI implementation.
- Contribute to the Dubai Economic Agenda D33: Support the ambitious target of generating AED 100 billion ($27 billion) annually through digital transformation initiatives.
- Focus on enterprise-grade solutions: Offer proven AI solutions that have already demonstrated impact within Dubai Holding’s operations.
Key Figures and Formalization
The agreement establishing Aither was formally signed on October 31st, in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding, and His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs. Signatories included Amit Kaushal, Group Chief Executive Officer of Dubai Holding, and Noam Perski, Executive Vice President at Palantir. Dubai Holding’s diverse holdings include:
- Dubai Holding Real Estate: Combining Meraas, Nakheel, Meydan, and Dubai Properties.
- Dubai Holding Hospitality: Managing 53 hotels, including 31 properties under the Jumeirah brand.
- Dubai Holding Entertainment: Comprising Global Village, Ain Dubai, and Dubai Parks and Resorts.
UAE’s AI Leadership and Broader Trends
The launch of Aither reflects a broader trend of strategic AI partnerships taking shape within the UAE. Throughout 2024 and 2025, the nation has become a hub for collaborations between global technology leaders and major regional conglomerates. The emphasis on proven operational results, as demonstrated by Aither’s foundation, suggests a maturing approach to AI deployment in the region, shifting from initial demonstrations to sustained business transformation. The UAE has actively prioritized AI adoption across its economy, government, and educational systems. A recent report by Microsoft highlighted the UAE’s leading position globally in AI adoption, with 59.4% of the working-age population already using AI tools.
The creation of Aither signifies a new era of practical AI implementation in the UAE, combining international expertise with local knowledge to drive economic growth and innovation.
The launch of Aither represents a significant step forward for AI adoption in the UAE, demonstrating a commitment to leveraging technology for tangible economic and societal benefits. The partnership aims to transform Dubai into a global leader in AI innovation and implementation
