News

Google Launches Largest AI Initiative In The MENA Region

Introduced in Dubai, the program focuses on AI skill-building, funding, and infrastructure, aiming to unlock $320 billion in growth.

Published

3 months ago

November 1, 2024

Nour Nasir

Google

At the AI Connect event in Dubai, which saw participation from Omar Sultan Al Olama, UAE Minister of State for AI, as well as other regional leaders and entrepreneurs, Google introduced its AI Opportunity Initiative for the Middle East and North Africa (MENA).

The program is the most extensive AI endeavor in the region and is aimed at expanding access to essential AI skills, research funding, and AI-driven products.

Google.org, the company’s philanthropic division, will allocate $15 million from this year through to 2027 to regional organizations. The funding is intended to broaden AI’s reach, ensuring it supports diverse communities across MENA and includes resources in skill development, research, infrastructure, and product launches in Arabic:

AI Skill Development: Google is committed to making AI education inclusive and widely available. New educational programs are being launched, focusing on providing an AI Curriculum in Arabic, along with support for underserved communities. In addition, an AI safety education program for young people (ages 11-14) will be funded via a grant to the Raspberry Pi Foundation.
AI Research & Local Solutions: Since 2005, Google has invested over $400 million globally in research. In the MENA region, Google is supporting local institutions through the startup accelerator startAD to develop AI applications supporting healthcare, education, and climate.
AI-Powered Tools In Arabic: Google’s Gemini, an AI-powered assistant that understands over 16 Arabic dialects, launched in July 2023. New Arabic features include personalized guidance in learning and career advice, plus language-specific conversational and image-generation tools.
Infrastructure Investment: Google has reasserted its commitment to cloud infrastructure in MENA, with data regions in Saudi Arabia, Qatar, and Kuwait. A partnership with Saudi Arabia’s Public Investment Fund (PIF) will support this effort with an AI hub to expand AI research and to boost digital skills for regional job growth.

Also Read: Wa’ed Ventures Pledges $100M For Early-Stage AI Startup Funding

Commenting on the project, Ruth Porat, President of Alphabet and Google, stated, “Google’s long-standing investments in the Middle East and North Africa have helped equip people and organizations with the connectivity, innovation, and skills required to thrive in the global digital economy”.

Related Topics:Artificial Intelligence Google

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Daleel Expands To UAE, Tapping Into $44B Finance Market

The Bahrain-based company offers a personalized financial marketplace with regional expansion supported by investors Flat6Labs and Salica.

Published

21 hours ago

January 20, 2025

Nour Nasir

daleel expands to uae tapping into $44 billion finance market

Daleel, a personalized financial marketplace originally founded in Bahrain, has officially entered the UAE market supported by notable investors, including Flat6Labs and Salica. Known for its ability to connect customers with tailored financial products, Daleel has gained significant traction in its home country, and the company is now eying the wider Middle East’s massive personal finance market, valued at an estimated $44.4 billion.

The platform’s UAE debut was hosted at Visa’s CEMEA Market Support Center in Dubai, marking another milestone for Daleel. The company gained regional attention when it clinched first place and $40,000 in funding at the 2023 Visa Everywhere Initiative finals in Saudi Arabia.

daleel expands to uae

Daleel’s expansion is supported by notable investors, including Flat6Labs and Salica. At the launch event, several key figures in the fintech and financial sectors were present, including Daleel’s co-founders, CEO PK Shrivastava and COO Ridaa Shah.

Reflecting on the launch, PK Shrivastava said, “Launching in the UAE is a landmark moment for the company, and we are pleased to do so alongside Visa, who have championed us from the start. There is a real demand across the region for personalized finance, and we believe this is the right time to expand our marketplace to connect more customers with the best financial solutions”.

Also Read: How (And Why) To Start A Tech Business In Dubai

Daleel’s team combines expertise in open banking, finance, and technology, which has enabled the company to refine its platform for the regional market. Their data-driven system is designed to quickly match customers with financial products, ranging from credit cards and mortgages to savings accounts, offering personalized options in seconds. This transparency and efficiency benefit consumers while providing financial institutions with more cost-effective ways to acquire customers and create data-informed products.

Looking ahead, Daleel plans to secure an open finance license in 2025, which will allow even deeper integration with financial institutions. The company’s ultimate goal is to build a financial ecosystem where decisions that used to take weeks can now be made in minutes, empowering users to achieve better financial outcomes.