Dedicated Free Zone supporting digital asset companies, RAK Digital Assets Oasis (RAK DAO), has joined forces with Humans.ai, to offer exclusive incentive packages to the first AI-centred companies establishing their presence in the UAE’s sixth-largest city, Ras Al Khaimah.
By signing a Memorandum of Understanding (MOU), the companies are beginning a new operational partnership aiming to reshape the landscape of AI technology in the region within the only Free Zone dedicated to global digital and virtual assets companies.
AI companies in RAK DAO will now gain access to its partner ecosystem; giving members access to services offered through the ecosystem network – including access to toolkits, dApps, and tech solutions such as Humans.ai, investment opportunities through grants programs, and venture capital partners, banking, and licensing.
The RAK DAO and Humans.ai collaboration also aims to offer a robust blockchain framework that empowers AI companies in RAK DAO. It will also look to ensure companies can securely govern and run their AI models with transparency.
Companies will also benefit from full access to leverage the Humans.ai network and its products, services, tools, and comprehensive tech support to enhance their operational efficiency and expand their capabilities.
Encouraging “entrepreneurship and AI adoption in the region”
Sabin Dima, founder and CEO of Humans.ai, said: “We are thrilled to embark on this transformative journey with RAK DAO.
“This strategic partnership between Humans.ai and Ras Al Khaimah Emirate marks an important milestone in fostering innovation, technological advancement, and economic growth.
“By synergising the blockchain and AI expertise of Humans.ai and the visionary support of Ras Al Khaimah, the RAK DAO initiative will create an ecosystem that encourages entrepreneurship and AI adoption in the region, making a lasting impact on the global AI landscape.
RAK Digital Assets Oasis and Humans.ai will explore innovative opportunities to propel AI advancement, also positioning Ras Al Khaimah at the forefront of AI technology. The partnership encompasses exploring possibilities to establish joint accelerators, venture studios, and similar facilities to catalyse AI-driven entrepreneurship.
Companies within the RAK DAO Free Zone will benefit from a streamlined, simplified, and efficient business environment, along with enabling infrastructure and workspaces tailored to their specific needs.
Dr Sameer Al Ansari, CEO of RAK DAO, also echoed this sentiment: “Our partnership with Humans.ai represents an extraordinary milestone for RAK DAO and Ras Al Khaimah.
“Together, we will create an ecosystem that fosters innovation, attracts AI-driven businesses, and propels Ras Al Khaimah to the forefront of AI technology.”
RAK DAO offers a transparent legislative framework that simplifies the process of opening and operating virtual assets companies. By fostering a vibrant ecosystem and providing comprehensive services, RAK DAO aims to drive the future of emerging sectors, propel innovation, and unlock the potential of digital assets.