Dubai Holding, a diversified global investment company, and Palantir Technologies, a global leader in operational AI platforms, have signed a strategic agreement to establish a joint venture (JV), Palantir’s first in the UAE, named Aither.
The partnership formalizes 18 months of operational collaboration that has already delivered measurable transformation across Dubai Holding’s portfolio, and will now scale these proven AI capabilities to strategic commercial sectors across the UAE.
In the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding and His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, the agreement was signed by Amit Kaushal, Group Chief Executive Officer of Dubai Holding, and Noam Perski, Executive Vice President at Palantir, at a ceremony held in Dubai.
Dubai Holding partnered with Palantir Technologies in early 2024 to deploy Palantir’s AI and data integration platforms across its diverse businesses. This collaboration has boosted efficiency, sped decision-making, and improved data visibility, delivering tangible results beyond typical AI initiatives. The partnership enhanced performance in real estate, hospitality, finance, and infrastructure sectors, supporting leading brands like Nakheel, Meraas, and Jumeirah.
Aither will serve as a national platform to accelerate AI adoption across Dubai’s priority industries, enabling both government and private-sector organizations to realize transformation at scale. By combining Dubai Holding’s market expertise with Palantir’s world-class software and engineering capabilities, Aither institutionalizes enterprise-grade AI locally to enhance operational efficiency, strengthen competitiveness and unlock new sources of value creation.
The joint venture will directly contribute to the UAE’s national digital ecosystem and support the Dubai Economic Agenda D33, which aims to generate $27.23 billion (AED100 billion) annually through digital transformation initiatives. By providing 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.
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.
Amit Kaushal Group CEO – Dubai Holding
“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, expressed pride in partnering with Dubai Holding, noting that the collaboration aims to empower institutions across the UAE by leveraging Palantir’s world-leading artificial intelligence capabilities.
Aither operates with a clear mandate to serve strategic commercial sectors in full alignment with the national digital transformation strategy and economic diversification goals.
