The resort is projected to generate as much as $600 million a year, while an expansion of the new UAE gaming industry could raise that to $6.6 billion

Fundraising has slowed this year after a record $2.5 billion in 2023, but the government is offering incentives such as tax waivers and priority in bidding

Among the projects will be pairing Nvidia’s accelerated computing with TII’s Falcon AI software to expand robotic learning capabilities in Arabic 

The firm was founded by Saudi Prince Khaled bin Alwaleed, son of Prince Alwaleed bin Talal, and Sheikh Sultan bin Ahmed, Deputy Ruler of Sharjah

The new owners said they will invest in local content production, expand streaming on Shahid and explore ventures in music, gaming and live events