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Boston Consulting Group Unveils Comprehensive Evaluation of Artificial General Intelligence (AGI) at Global AI Summit 2024

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The GAIN Summit 2024 draws to a close recently and brought together a diverse group of international leaders, experts, and innovators in the AI industry. The summit aims to facilitate meaningful discussions and collaborations on the future of artificial intelligence. During the summit’s opening day, the Boston Consulting Group, an insight partner for the event, unveiled its latest white paper on Artificial General Intelligence. (AGI).

AGI The Next Frontier in AI Revolution and Its Implications

The new report, “Artificial General Intelligence: Demystifying AI’s Next Frontier,” explores AGI’s key concepts and future potential and examines how it differs from current AI technologies. The report provides an overview of AGI’s applications across industries, its technological and ethical challenges in development, and the governance frameworks necessary for its responsible implementation. It also highlights the need for stakeholder collaboration to guide AGI’s progress and ensure its benefits are realized safely and equitably.

Dr. Lars Littig, Managing Director & Partner at BCG and EMESA Leader of BCG’s Center for Digital Government unveiled the report’s key findings during the Global AI Summit. Commenting on their significance, he stated: “AGI represents the next critical leap in artificial intelligence, with the potential to reshape our world fundamentally. While generative AI is an entry point, AGI unveils a significant breakthrough where AI will reach or surpass human-level intelligence and cognitive capabilities across a wide range of tasks. We must guide this technological advancement with ethical frameworks and the right governance structures as we progress toward this future. Today’s decisions are crucial to actively shaping the pathway to AGI. The next few years will be critical for developing and implementing concrete action plans for AI regulations that balance fostering innovation and ensuring responsible and beneficial AI development.”

AGI represents a significant leap from today’s Artificial Narrow Intelligence (ANI), limited to performing specific tasks. AGI aims to achieve human-like cognitive abilities, allowing it to learn and perform any intellectual task that a human can, while Artificial Superintelligence (ASI) would surpass human intellect. Currently, we remain in the ANI phase, where AI is optimized for particular, narrow functions. Achieving AGI, however, is a complex and multifaceted challenge. As outlined in BCG’s whitepaper, the primary barriers include the massive computational resources required and our limited understanding of human cognition and intelligence, which AGI aims to replicate. Additionally, safety and ethical concerns, particularly around ensuring AGI’s goals align with human values, loom large in ongoing research.

In the AGI development space, companies such as OpenAI, DeepMind, and numerous academic institutions are at the forefront, working on advancements in neural networks, machine learning, and brain-inspired architectures. These organizations recognize the transformative potential of AGI and are receiving substantial support from private investors and governments alike. The competition and cooperation among these entities signify the importance of AGI not just in the tech world but across sectors, with implications for everything from healthcare to economics.

Eight Focus Areas Shaping AI’s Future

The Global AI Summit’s program revolved around eight key focus areas that encompass the cutting edge of AI innovation and its far-reaching implications. These areas include AI Nation, addressing government roles in AI; Generative Times, exploring AI’s path to AGI; Human – Is That Still a Thing?, examining human-AI interaction; Ethics that Work, investigating AI governance; Business Leaders, On Your Marks, guiding AI strategy; Silicon Matters, evaluating AI infrastructure; Data-Application Nexus, exploring practical AI uses; and AI in the City, considering AI’s urban impact. Collectively, these focus areas represent the pivotal conversations and transformative forces shaping the field of artificial intelligence today, fostering discussions on everything from governance and ethics to practical applications and societal effects.

Dr. Akram Awad, Partner at BCG, reflects on the significance of these focus areas: “We must remember that AI is not magic—it’s math and science that will touch every aspect of our lives. These focus areas highlight the critical need for active engagement across sectors. We can’t be passive observers in this AI revolution; we must actively responsibly shape its trajectory. As we highlight in our AGI whitepaper, it’s crucial to keep a close watch on advancements like AGI to guide responsible development while recognizing the immediate potential of existing technologies to tackle the world’s most pressing challenges. Balancing future innovation with current applications is key to ensuring AI’s benefits are realized across society.”The Global AI Summit 2024 continues to serve as a crucial platform for advancing the dialogue on AI’s future. By bringing together diverse perspectives from industry, academia, and government, the summit aims to foster collaboration and drive responsible AI development. As discussions unfold and new insights emerge, the event highlights the importance of collective effort in shaping an AI-driven future that benefits all of society.

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Free Mineral Water for All: UAE Startup to Launch Groundbreaking Public Hydration Initiative

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Ourwatr

Staying hydrated just got easier, and greener, thanks to Ourwatr, that’s launching a nationwide free mineral water programme starting June 2025. It’s a first in the region: clean, refreshing mineral water made freely available across the country, delivered through a unique model that blends sustainability, community care, and social impact.

From metro stations and shopping malls to parks and government offices, thousands of chilled bottles of mineral water, sourced locally from Dibba, Fujairah, will soon be within everyone’s reach, every day. Ourwatr’s mission is simple: hydration is a right, not a privilege.

“At Ourwatr, we believe that drinking water should be accessible to all,” says Abhinav Murali, Co-founder.

“That’s why we’re giving away premium mineral water for free, and every bottle supports communities in need. It’s hydration with heart, proudly made right here in the UAE.”

Stamp of UAE quality

All Ourwatr bottles carry the prestigious EQM (Emirates Quality Mark) certification, guaranteeing they meet strict UAE national and international quality standards. When you grab a bottle, you’re assured of top-quality water, safe, pure, refreshing and approved by the country’s standardisation authority.

Mission in a bottle

With temperatures rising across the UAE, especially during summer, access to clean drinking water is more important than ever, for workers, families, children, and the elderly alike.

“In our desert climate, hydration isn’t just healthy; it’s life-saving,” adds co-founder Bharath Mohan.
“Each bottle we provide is a small act of kindness toward our community.”

Ourwatr is more than just a startup, it’s a mission in a bottle. Launched by three young, UAE-based entrepreneurs, the idea was sparked by a simple but powerful observation: access to free, convenient hydration isn’t always a given.

Wanting to change that, the trio built a business with heart at its core. The team is also in talks with various UAE charitable organisations and government agencies to expand its reach and impact. For every bottle distributed, a portion will be donated to local charities, turning everyday hydration into a meaningful act of giving.

A Model Built on Purpose and Sustainability
Ourwatr isn’t just about water, it’s about doing good. Instead of selling to consumers, the company partners with brands and organisations who cover the production and distribution costs. In return, sponsors co-brand the bottles, using them as a platform to share positive messages and shared values, while making a real difference.

“Sustainability isn’t just about less waste,  it’s about creating lasting, meaningful change,” explains Sharat Nair, Co-founder.

The bottles are crafted from recyclable materials, aligning with the UAE’s zero-waste goals and green agenda.

Backing UAE Vision 2030
Ourwatr’s initiative supports the UAE’s Vision 2030 goals around health, sustainability, and quality of life. The startup is already collaborating with local authorities to expand water access and reach as many people as possible.

More than just water, Ourwatr is delivering hope, equality, and care, one bottle at a time.

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Ardee Developments Announces Sales Launch for Fairmont Residences Al Marjan Island

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Ardee Al Marjan

Ardee Developments has announced the launch of sales for Fairmont Residences Al Marjan Island, its highly anticipated branded residential offering in partnership with Fairmont Hotels & Resorts.

Official sales will commence on 1 June 2025 with expression of interest starting 15 May 2025, marking a major milestone in the evolution of Ardee Al Marjan Island, the company’s flagship, multi-billion-dirham development set to redefine coastal living in Ras Al Khaimah.

Fairmont Residences Al Marjan Island will comprise 523 upscale residences — including apartments, townhouses, and sea villas — ranging from one to six bedrooms and spanning 86 m² to over 300 m². Every home is thoughtfully designed to embody refined beachfront living, with uninterrupted sea views and elegant interiors that reflect timeless sophistication.

Bringing together the prestige of the Fairmont brand with the ease of resort-style living, residents will enjoy exclusive access to a private beach, the Fairmont Fit Fitness Centre and Studio, family & kids pool, adults sky pool & terrace & bar, dedicated boardroom and private dining room, resident’s owners lounge as well as wellness facilities including treatment rooms, screening room, games room, kids club and seamless connectivity to the adjacent Fairmont resort.

Further enriching the offering is a tailored suite of à la carte services. From in-home catering and private chef experiences to childcare, dog walking, housekeeping, personal concierge support, and a home maintenance program while residents are away, every element is designed to simplify and enhance everyday living. In addition, residents will enjoy exclusive access to the Accor Owner Benefits Program. This includes Diamond status in the Accor Live Limitless (ALL) programme, the ability to gift Gold status to family and friends, and VIP privileges at over 5,700 hotels and resorts around the world.

With prices starting from AED 2.49 Million, Fairmont Residences Al Marjan Island offers an exclusive opportunity for discerning buyers seeking long-term value, effortless luxury, and a lifestyle defined by exceptional quality in one of the region’s most iconic coastal destinations.

Beyond the residences, guests were given an exclusive look at the next phase of the Ardee Al Marjan Island masterplan. The development is progressing into a fully integrated coastal destination that blends residences, hospitality, leisure, retail, and entertainment on an unprecedented scale.

Key components of the masterplan include branded and serviced residences, private villas, townhouses, a flagship luxury hotel, and a vibrant retail and F&B promenade. The destination will also feature a variety of curated lifestyle offerings — from wellness hubs and gaming lounges to family entertainment zones and waterfront experiences — all designed to create a future-ready, immersive community.

Prioritizing walkability, nature access, and sea connectivity, the project will boast expansive green spaces, direct beach access, and panoramic views, setting a new standard for contemporary island living in Ras Al Khaimah.

Vishal Mehta, CEO of Ardee Developments, added: “As we prepare to open sales of Fairmont Residences Al Marjan Island this June, we are proud to invite buyers into a community that reflects excellence at every level. In partnership with Al Marjan Island, Fairmont Hotels, and Christie’s International Real Estate, we are shaping a new era of luxury coastal living in Ras Al Khaimah — one defined by world-class design, hospitality, and lifestyle, brought together in a truly integrated destination.”

To support global sales efforts, Ardee Developments has appointed Christie’s International Real Estate Ras Al Khaimah as the exclusive master agency. Christie’s will lead GCC and international outreach and client servicing, ensuring a seamless buyer journey.

“This is a vibrant and integrated coastal lifestyle community that combines natural beauty, unparalleled hospitality and leisure not seen in the area before,” said Jackie Johns and Dinesh Chhatwani, Managing Partners at Christie’s International Real Estate Ras Al Khaimah. “Ras Al Khaimah’s momentum as a global hospitality and investment hub, and its rapidly growing real estate market, makes it the ideal launchpad for Ardee Developments to execute its grand vision.”

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MERED Unveils Strategic Vision for Saudi Arabia at Saudi Giga Projects 2025

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MERED

MERED outlined its long-term investment plans and strategic vision for Saudi Arabia at Saudi Giga Projects 2025 in Riyadh. The event, a key platform aligned with Vision 2030, brought together government bodies, giga project leaders, and private sector executives to discuss development, contracting, and talent-building opportunities within the Kingdom’s fast-growing construction and real estate sectors. As part of MERED’s participation, CEO Michael Belton joined a fireside chat where he shared insights into the company’s market entry approach and growth plans for the Saudi market.

“The Kingdom’s rapid urban and infrastructure growth is reshaping residential demand and creating new opportunities for long-term development,” said Michael Belton, CEO of MERED. “Vision 2030 and ongoing economic diversification are driving strong demand across residential, retail, commercial, and hospitality sectors, supported by investor-friendly reforms. In major cities like Riyadh and Jeddah, we’re seeing increased interest in premium and luxury living, as well as growing demand for Class A office spaces that reflect the ambitions of a modern business environment. MERED is well-positioned to meet these changing market needs through high-quality, innovative developments that offer lasting value.”

Yazan Al-Khalidi, Chief Commercial Director at MERED, joined a panel alongside leading developers, consultants, and contractors to discuss workforce capabilities and the skills required to deliver Saudi Arabia’s giga projects efficiently and at scale. The Kingdom’s real estate sector is projected to contribute 10% to GDP by 2030, while non-oil economic activity now accounts for over 50% of national GDP. Knight Frank’s Saudi Report 2025 reveals that 93% of high-income Saudi nationals are actively seeking to buy property, reinforcing the country’s ambition to build a competitive luxury real estate market.

Alongside its growth plans in Saudi Arabia, MERED is supporting the development of future architectural talent in line with the region’s broader goal of equipping young people with in-demand skills. As part of this effort, the company is sponsoring a select group of students to attend the Pininfarina Architecture Summer School in Turin this July, through its partnership with the prestigious Pininfarina Academy, founded by the renowned Italian design house. The program offers hands-on training and exposure to international design practices, giving participants valuable experience they can apply to architectural projects across the region.

MERED’s participation underscores its broader commitment to supporting the Kingdom’s real estate ambitions through innovation, sustainability, and knowledge transfer. With a pipeline of projects already launched in Dubai and Abu Dhabi, including the 290-meter ICONIC Residences designed by Pininfarina, the brand is well-positioned to introduce high-end, future-ready developments to the Saudi market.

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