GITEX GLOBAL 2024: Dubai Frames an AI Economy While Europe Brings a 15-Company Delegation

Brussels, September 6th 2024
Summary
  • GITEX GLOBAL 2024 is organized around the theme Global Collaboration to Forge a Future AI Economy and will foreground practical AI and deep tech applications.
  • Organizers report large scale participation including thousands of companies, hundreds of hours of content, and major investor presence, while launching new programmes to accelerate soonicorns.
  • Europe is strongly represented via a European Pavilion and an EIC delegation of 15 companies supported under the EIC International Trade Fairs Programme 3.0.
  • Opportunities for European scaleups include market access, investor meetings, and government contracting but measurable outcomes will depend on follow up, localisation and regulatory alignment.
  • There are tensions between rapidly evolving AI commercialisation and the policy drive for safety and interoperability that exhibitors and buyers must navigate.

GITEX GLOBAL 2024: Dubai Frames an AI Economy While Europe Brings a 15-Company Delegation

One month before doors open in Dubai, Trixie LohMirmand, Executive Vice President at Dubai World Trade Centre and CEO of KAOUN International, outlined the ambitions and programming for GITEX GLOBAL 2024. The trade fair is positioning itself as a focal point for practical AI adoption, deep tech showcases and international partnerships. The European Innovation Council is bringing a delegation of 15 EIC-backed companies to the European Pavilion from 13 to 18 October 2024.

Programming, scale and the AI economy theme

Event focus and scale:GITEX GLOBAL 2024 is themed Global Collaboration to Forge a Future AI Economy. Organizers say the event will feature over 3,000 companies operating in the AI space, more than 120 hours of deep tech content, and contributions from over 150 expert government leaders, practitioners and futurists. The wider exhibition footprint is reported as 6,700 tech enterprises, more than 2,000 fast-growing start-ups and scale-ups, 65 unicorns and 120 soonicorns across multiple sectors.

The programme emphasises not only blue sky thinking about AI but real world applications across sectors including data and IoT, data centres, cybersecurity, health, finance, energy, education, mobility, sustainability and the creative economy. Organizers cite a PwC forecast that AI could contribute up to around 15.7 trillion dollars to the global economy by 2030. The show is also designed to connect founders with capital with organisers noting participation by venture capital fund managers overseeing more than 1 trillion dollars in assets.

New initiatives introduced:GITEX Editions debuts in 2024 as a platform intended to accelerate high growth 'soonicicorn' companies towards global expansion, strategic M&A and listings. The Expand North Star programme and North Star Scaleups will provide a curated showcase, concierge matchmaking and government briefings to about 100 global scaleups. GITEX IMPACT will highlight climate tech within the Expand North Star track.

Europe’s presence and the European Pavilion

European participation at GITEX:The European footprint at GITEX GLOBAL 2024 is substantial according to organisers. More than 30 country pavilions and in excess of 1,000 European SMEs and start-ups will be present. New national participants this year include Ireland, Latvia, Portugal and Serbia. The European Innovation Council is a key partner in DWT C’s engagement with the European tech community to foster policy, research and business development linkages.
EU regulatory context:LohMirmand singled out recent European policy action such as the EU AI Act and European climate and electrification agendas as part of Europe’s digital leadership. The EU AI Act represents the first comprehensive legal framework aimed at regulating AI systems across the single market. This regulatory push can create market credibility for compliant products but it also raises questions about interoperability and transatlantic regulatory alignment when European suppliers engage global markets.

What GITEX offers European companies seeking to expand

GITEX is billed as a stage for market entry, commercial partnerships, investor meetings and public sector engagement. For European companies the event is an opportunity to meet private buyers, distribution partners, government digital agencies and investors from across 180 countries. The organisers highlight dedicated investor tracks and more than 1,200 venture capitalists in attendance.

How to translate presence into outcomes:Participation alone does not equal success. Companies that convert presence into deals are those that prepare localized go to market plans, secure local distribution or implementation partners, understand regulatory and procurement frameworks in target markets, and follow up systematically after the show. Organisers advise using personalised matchmaking, pitching within GITEX Editions and attending the large conference programme to build credibility and momentum.

Practical guidance for EIC entrepreneurs heading to Dubai

Organiser recommendations:Trixie LohMirmand recommends using the event as a launchpad. She emphasised networking with representatives from over 400 government digital agencies, engaging with GITEX Editions and Expand North Star matchmaking, pitching succinctly, benchmarking against competitors, and attending the conference sessions. Exhibitors can visit 44 exhibition halls across Dubai World Trade Centre and Dubai Harbour.
Caveats and additional practical tips:From a realistic market perspective it is important to set clear objectives for the fair, prioritise meetings, and plan follow up resources. Entrepreneurs should protect intellectual property where relevant, conduct customer and regulatory due diligence for target markets, adapt pricing and commercial terms to local conditions and measure success with clear KPIs such as qualified pipeline value rather than general lead counts.

EIC delegation and European Pavilion specifics

The European Innovation Council is sending 15 EIC awardees to exhibit under the European Pavilion Hall 1 Booth B20 at GITEX GLOBAL 2024. The delegation participates as part of the EIC Business Acceleration Services Global Offer and the EIC International Trade Fairs Programme 3.0. A pre-departure briefing took place on 4 July 2024 to prepare companies and share market insights from GITEX organisers.

CompanyCountry
Actronika SASFrance
Alternative Energy Innovations SLSpain
AquaBIreland
Axelera AIThe Netherlands
BillonPoland
DOTLUMEN SRLRomania
DronamicsBulgaria
Electrochaea GmbHGermany
Excess Engineering ASNorway
GO-Pen APSDenmark
NEVOMOPoland
Multiverse Computing SLSpain
Quside Technologies SLSpain
RAIKU Packaging OUEstonia
SIA NACO TechnologiesLatvia

Implications and critical perspective

Large numbers and headline forecasts make events like GITEX attractive to policymakers and investors. That scale can accelerate matchmaking but it can also obscure the difficulty of converting interest into contracts and pilots. Many technologies shown at trade fairs require adaptation for local markets and regulatory regimes. The tension between accelerating AI innovation and ensuring safety, interoperability and fairness is real and will play out in deals and procurement in coming years.

For European policymakers and the EIC the practical question is whether participation translates into durable exports, investment, technology transfer and capacity building, especially for smaller firms. Trade fairs can open doors but durable outcomes need sustained commercial effort and policy alignment across jurisdictions.

Looking forward

GITEX GLOBAL 2024 runs from 13 to 18 October in Dubai. Organisers flag a continuing partnership with Europe through GITEX EUROPE scheduled in Berlin from 21 to 23 May 2025. For European companies considering the region, the show offers a high visibility platform but it is not a substitute for long term market strategy or regulatory preparation.