Dig­i­tal in­vest­ment key to growth of UAE GDP

7 Days in Dubai - - BUSINESS -

Dig­i­tal trans­for­ma­tion can boost the UAE’s GDP by nearly $14 bil­lion by 2020, ac­cord­ing to SAP and an Ac­cen­ture re­port. The re­port re­veals that if the UAE gov­ern­ment and busi­nesses op­ti­mise dig­i­tal skills, tech­nolo­gies, and ac­cel­er­a­tors, then the na­tion’s GDP would in­crease by $13.8 bil­lion in the next four years. Steve Tzikakis, Se­nior VP and GM for South Europe, Mid­dle East, and Africa at SAP, said: “The dig­i­tal econ­omy has the power to en­hance our world: to en­rich the ur­ban ex­pe­ri­ence, and drive cost sav­ings for gov­ern­ment agen­cies, multi-na­tional com­pa­nies, SMEs, as well as start-ups – and ul­ti­mately pro­mote eco­nomic com­pet­i­tive­ness. For the UAE, this is crit­i­cal.”

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