
KT Talks
Inside the UAE's $30 bn AI bet: where Stargate, Innovation City and the GCC's compute map intersect
From hyperscale computing to startup ecosystems, the UAE is building the foundations of an AI-powered future

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In an exciting collaboration that is set to reshape the digital economy, Innovation City has partnered with The HBAR Foundation, the ecosystem accelerator of the Hedera network. This strategic alliance aims to provide Innovation City ecosystem members with access to growth opportunities and funding while leveraging the unmatched power of Hedera’s form of blockchain technology. This marks a significant milestone in their shared vision to drive sustainable growth and position Ras Al Khaimah as a global leader in the digital economy.
Innovation City, the world's first and only free zone dedicated to global digital and virtual asset companies, is committed to creating a Web3 ecosystem that facilitates the seamless exchange of information and value and creates partnerships by connecting businesses. By joining forces with The HBAR Foundation, Innovation City members gain access to the resources and expertise needed to accelerate innovation and empower entrepreneurs across the rapidly evolving Web3 landscape. Together, they will offer a range of benefits to ecosystem members, including access to a comprehensive grant program, expert support for growth and development and opportunities to scale adoption and innovation in the Web3 space.
Both Innovation City and The HBAR Foundation envision a future where the United Arab Emirates is the global hub for Web3, AI, and future tech innovation. By combining their efforts, they are poised to establish Innovation City as a major part of the digital assets sector. This exclusive relationship offers existing HBAR Foundation grantees enhanced access opportunities to the UAE market, while simultaneously driving the growth of the Web3 and blockchain technology landscape. Together, they are primed to support emerging technologies and set new benchmarks for the industry.
The collaboration between Innovation City and The HBAR Foundation represents a transformative step forward for the future of technology and Web3. By providing direct access to benefits within the Hedera ecosystem and fostering an environment of collaboration, Innovation City and The HBAR Foundation will unlock unprecedented opportunities for entrepreneurs to turn their ideas into reality. With their combined expertise, resources, and networks, the two companies have the power to fuel innovation and empower entrepreneurs on a global scale.
Innovation City and The HBAR Foundation's partnership marks an exciting chapter in the digital economy. Together, they are set to shape the future of Web3, drive sustainable growth, and establish Ras Al Khaimah as a leading global hub for digital assets. This collaboration exemplifies the power of strategic alliances and underscores the importance of fostering innovation and empowering entrepreneurs. As Innovation City and The HBAR Foundation embark on this transformative journey, industry experts and digital enthusiasts are invited to join them on this exciting journey in embracing a future full of possibilities.

KT Talks
From hyperscale computing to startup ecosystems, the UAE is building the foundations of an AI-powered future

KT Talks
As the UAE sets the national direction for emerging technology, Ras Al Khaimah and its Innovation City free zone are turning that vision into a live, working ecosystem for the founders of tomorrow

Innovation City Team
The world of technology thrives on collaboration, and blockchain is no exception. According to Forbes, “The power of partnership—between established businesses and new players—can help industries make that daunting leap from transformative ideas to real-world solutions that drive fast and efficient innovation.” Recognizing this, Innovation City and Conflux Technology Limited, a leading Layer 1 blockchain network developer, have announced a transformative partnership. This strategic alliance aims to accelerate blockchain adoption and fuel innovation in the United Arab Emirates (UAE) and beyond. Now, what makes this partnership special? Let’s find out