Aither AI: A Dubai Holding & Palantir Technologies Joint Venture

Dubai Holding and Palantir Technologies have struck a strategic agreement to establish a joint venture, Palantir’s first in the UAE, a venture named Aither. This collaboration formalizes 18 months of operational coordination that has already achieved immeasurable transformation across Dubai Holdings’ portfolio, with plans for the commercial sectors across the UAE soon.

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 signing ceremony took place on 31 October in Dubai between Amit Kaushal, Group Chief Executive Officer of Dubai Holding, and Noam Perski, Executive Vice President at Palantir.

18 Months of Esteemed Collaborations

This Dubai Holding - Palantir partnership began 18 months ago in early 2024, when Dubai Holding deployed Palantir’s AI and data integration platforms across a variety of operations, resulting in high efficiency, improved data visibility, and speedy decision-making. So far, the partnership has delivered tangible outcomes across brands such as Nakheel, Meraas, and Jumeirah.

Building on this foundation, Aither AI will act as an enterprise AI platform designed to help organisations in Dubai and beyond harness the full potential of AI technology. Aither AI Dubai combines Palantir’s world-class software and engineering expertise with Dubai Holding’s local market knowledge and operational capabilities.

Institutionalising AI Excellence

Aither will play a key role in advancing the Dubai Economic Agenda (D33), a national strategy aimed at generating an additional AED 100 billion in annual economic output through digital transformation. By offering AI-driven solutions tailored to local industries, the joint venture aims to accelerate Dubai’s growth as a global leader in applied AI and data-driven innovation.

The venture will also focus on building local talent and expertise, transferring knowledge and developing governance frameworks to ensure responsible AI deployment across sectors.

Amit Kaushal, Group CEO of Dubai Holding, said:

“This strategic joint venture with Palantir represents a transformative catalyst in Dubai’s AI evolution and a significant milestone in Dubai Holding’s own digital transformation journey. It underscores our commitment to harnessing the power of AI to drive operational excellence, unlock new avenues of growth and ensure the long-term resilience of our businesses. As one of the region’s most diversified investment groups, AI plays an increasingly central role across our portfolio, enabling meaningful efficiencies and smarter, faster decision-making.

Through Aither, we are establishing a platform to extend these capabilities to the wider market - enabling businesses to access world-class AI solutions made in Dubai. This will help advance Dubai's digital ambitions, equipping the emirate with cutting-edge tools and capabilities to accelerate economic diversification, fuel innovation across priority sectors and strengthen the UAE’s position as a leader in the global digital economy.”

Meanwhile, Alex Karp, co-founder and CEO of Palantir Technologies, added: “Palantir's mission is to equip our friends and allies with the tools they need to win. We are proud to partner with Dubai Holding to deploy Palantir's world-class AI capabilities and further bolster Dubai's position as a global innovation hub.”

With Aither now established, Dubai Holding and Palantir aim to make Dubai a hub for secure, sovereign, and high-impact AI applications that deliver measurable value across multiple industries, further cementing the emirate’s status as a global centre for technological excellence.

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