Software, telecommunications and digital infrastructure
Chery Group's premium automotive brand LUXEED has announced plans to expand into the Middle East luxury mobility market, starting with the UAE in Q2 2027. The brand plans to launch a flagship MPV and roll out sales networks across Abu Dhabi and Dubai by the end of 2027.
Investors and founders at the ninth Sharjah Investment Forum highlighted that capital in the UAE is transitioning from AI experimentation to revenue-generating applications. MENA AI and AI-enabled companies raised $678 million in the first half of 2026, with the UAE capturing 93% of that capital. The shift comes alongside federal initiatives aiming to transition half of UAE government services to agentic AI within two years.
Enterprises from China and the United Arab Emirates participated in the Second Global Digital Forum and the 2026 Digital Solutions Forum in Moscow, which gathered over 1,300 attendees from 111 countries. The forum concluded with 150 agreements and memorandums covering artificial intelligence, cybersecurity, digital infrastructure, and digital sovereignty. Among the participants, UAE-based Agile Dynamics and China-based 2Health AI Limited signed memorandums supporting the Digital Sovereignty Index.
The 1 Billion Followers Summit and the UAE's National Media Authority have introduced a $1 million initiative titled '100 Dreams'. The scheme will award $10,000 each to 100 global content creators alongside trade licensing assistance and accelerator mentorship to establish businesses in the UAE. Applications are scheduled to open on November 20, 2026.
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