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Mohammad Albalooshi

👤 Person
153 total appearances

Appearances Over Time

Podcast Appearances

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

You know, we started our fintech journey in 2017, and we did pretty good. I think we grew significantly, and we created and dedicated the largest startup ecosystem in the region. And it was sometime in 23 when AI, of course, became AI. We talked to ourselves. We said, what can we do when it comes to AI?

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

You know, we started our fintech journey in 2017, and we did pretty good. I think we grew significantly, and we created and dedicated the largest startup ecosystem in the region. And it was sometime in 23 when AI, of course, became AI. We talked to ourselves. We said, what can we do when it comes to AI?

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

And I think the question we said to ourselves that the thing that we do best is creating ecosystems. We've done it really well when it comes to professional services and financial services. We did it for startups in fintech and surrounding sectors. AI is so big and it's going to, let's say, it will cut through all sectors. We believe it needs a much more dedicated approach.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

And I think the question we said to ourselves that the thing that we do best is creating ecosystems. We've done it really well when it comes to professional services and financial services. We did it for startups in fintech and surrounding sectors. AI is so big and it's going to, let's say, it will cut through all sectors. We believe it needs a much more dedicated approach.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

And I think the question we said to ourselves that the thing that we do best is creating ecosystems. We've done it really well when it comes to professional services and financial services. We did it for startups in fintech and surrounding sectors. AI is so big and it's going to, let's say, it will cut through all sectors. We believe it needs a much more dedicated approach.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Hence, we said, why not be a bit ambitious and look at it from a Dubai perspective? And this goes back to, you know, if you look at Dubai and how Dubai basically creates these ecosystems, if today you were to look at Dubai, there's a specific jurisdiction that caters to, for example, design. There's a specific jurisdiction that caters and is responsible for sector development.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Hence, we said, why not be a bit ambitious and look at it from a Dubai perspective? And this goes back to, you know, if you look at Dubai and how Dubai basically creates these ecosystems, if today you were to look at Dubai, there's a specific jurisdiction that caters to, for example, design. There's a specific jurisdiction that caters and is responsible for sector development.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Hence, we said, why not be a bit ambitious and look at it from a Dubai perspective? And this goes back to, you know, if you look at Dubai and how Dubai basically creates these ecosystems, if today you were to look at Dubai, there's a specific jurisdiction that caters to, for example, design. There's a specific jurisdiction that caters and is responsible for sector development.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

There's a specific jurisdiction that focuses on media development. the specific sector that focuses on finance, on education. So I think that's where we said we could potentially build an entire cluster for AI.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

There's a specific jurisdiction that focuses on media development. the specific sector that focuses on finance, on education. So I think that's where we said we could potentially build an entire cluster for AI.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

There's a specific jurisdiction that focuses on media development. the specific sector that focuses on finance, on education. So I think that's where we said we could potentially build an entire cluster for AI.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

And I think we also believed that probably our jurisdiction, given the common law and the unique regulatory framework, positions us best to do it all over again, build an entire ecosystem for artificial intelligence companies. And I think when we started looking at artificial intelligence, we saw it very clearly that it has to be much more than what we had done in the past.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

And I think we also believed that probably our jurisdiction, given the common law and the unique regulatory framework, positions us best to do it all over again, build an entire ecosystem for artificial intelligence companies. And I think when we started looking at artificial intelligence, we saw it very clearly that it has to be much more than what we had done in the past.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

And I think we also believed that probably our jurisdiction, given the common law and the unique regulatory framework, positions us best to do it all over again, build an entire ecosystem for artificial intelligence companies. And I think when we started looking at artificial intelligence, we saw it very clearly that it has to be much more than what we had done in the past.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Of course, we have the playbook from what we did for the IFC Innovation Hub in terms of attracting VCs and startups and creating licenses, unique license offerings for them. But for AI, we went and partnered with the likes of NVIDIA, AWS, Microsoft, all the key players. for them to be partners of the AI campus.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Of course, we have the playbook from what we did for the IFC Innovation Hub in terms of attracting VCs and startups and creating licenses, unique license offerings for them. But for AI, we went and partnered with the likes of NVIDIA, AWS, Microsoft, all the key players. for them to be partners of the AI campus.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Of course, we have the playbook from what we did for the IFC Innovation Hub in terms of attracting VCs and startups and creating licenses, unique license offerings for them. But for AI, we went and partnered with the likes of NVIDIA, AWS, Microsoft, all the key players. for them to be partners of the AI campus.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

So all of these big institutions, they actually power the AI campus by providing specific tools that startups and companies that reside in the AI campus can leverage. We created dedicated licenses, AI-specific licenses, And again, our aim is that we want to attract 500 companies, 500 AI companies by 2028 and hopefully create north of 3000 jobs by that time, AI specific jobs.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

So all of these big institutions, they actually power the AI campus by providing specific tools that startups and companies that reside in the AI campus can leverage. We created dedicated licenses, AI-specific licenses, And again, our aim is that we want to attract 500 companies, 500 AI companies by 2028 and hopefully create north of 3000 jobs by that time, AI specific jobs.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

So all of these big institutions, they actually power the AI campus by providing specific tools that startups and companies that reside in the AI campus can leverage. We created dedicated licenses, AI-specific licenses, And again, our aim is that we want to attract 500 companies, 500 AI companies by 2028 and hopefully create north of 3000 jobs by that time, AI specific jobs.