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Dubai Holding and Palantir Technologies have struck a strategic agreement to establish a joint venture, Palantir’s first in the UAE, a venture named Aither. This collaboration formalizes 18 months of operational coordination that has already achieved immeasurable transformation across Dubai Holdings’ portfolio, with plans for the commercial sectors across the UAE soon.
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, the signing ceremony took place on 31 October in Dubai between Amit Kaushal, Group Chief Executive Officer of Dubai Holding, and Noam Perski, Executive Vice President at Palantir.
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18 Months of Esteemed Collaborations
This Dubai Holding - Palantir partnership began 18 months ago in early 2024, when Dubai Holding deployed Palantir’s AI and data integration platforms across a variety of operations, resulting in high efficiency, improved data visibility, and speedy decision-making. So far, the partnership has delivered tangible outcomes across brands such as Nakheel, Meraas, and Jumeirah.
Building on this foundation, Aither AI will act as an enterprise AI platform designed to help organisations in Dubai and beyond harness the full potential of AI technology. Aither AI Dubai combines Palantir’s world-class software and engineering expertise with Dubai Holding’s local market knowledge and operational capabilities.
Institutionalising AI Excellence
Aither will play a key role in advancing the Dubai Economic Agenda (D33), a national strategy aimed at generating an additional AED 100 billion in annual economic output through digital transformation. By offering AI-driven solutions tailored to local industries, the joint venture aims to accelerate Dubai’s growth as a global leader in applied AI and data-driven innovation.