Palantir Technologies, one of the leading artificial intelligence and technology companies in the world, will establish its first joint venture in the UAE following an agreement with Dubai Holding.
The new joint venture will be called Aither and it formalises 18 months of operational collaboration that has already delivered measurable transformation across Dubai Holding’s portfolio.
The agreement was signed in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding and Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs.
Aither will serve as a national platform to accelerate AI adoption across Dubai’s priority industries, enabling both government and private sector organisations to realise transformation at scale.
Dubai Holding strengthens AI footprint
By combining Dubai Holding’s market expertise with Palantir’s world-class software and engineering capabilities, Aither institutionalises enterprise-grade AI locally to enhance operational efficiency, strengthen competitiveness and unlock new sources of value creation.
Dubai Holding has deployed Palantir’s AI and data integration platforms across its diverse operations since 2024, achieving greater efficiency, faster decision-making and improved data visibility. The collaboration has enhanced performance across sectors, including real estate, hospitality, finance and infrastructure, supporting leading brands such as Nakheel, Meraas and Jumeirah.
Dubai Holding, through Aither, will now provide local businesses with access to AI solutions that have demonstrated measurable impact across one of the region’s most diversified portfolios, Aither will help accelerate the nation’s ambition to establish global leadership in applied AI.
Amit Kaushal, Group Chief Executive Officer of Dubai Holding who signed the agreement, commented: “Through Aither, we are extending proven AI capabilities to the wider market, supporting Dubai’s digital ambitions and the UAE’s goal to accelerate economic diversification and strengthen its global leadership in the digital economy.”
Alex Karp, Chief Executive Officer of Palantir Technologies, said: “We are proud to partner with Dubai Holding to empower institutions across the UAE with Palantir’s world-leading AI capabilities.”
In parallel, Aither will localise the economic value of Palantir’s technologies, transferring knowledge to develop national talent and establish governance frameworks designed to guide AI implementation across the commercial landscape locally.
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