UAE leads Arab region in AI adoption solution

The UAE continues to rank high in several regional and global indicators due to its advanced AI policy Ramesh Jagannathan, MD of startAD

dubai — The UAE is leading the Arab region when it comes to the adoption of artificial intelligence (AI) solutions, which is set to see an annual growth rate of 33.5 per cent, a new report has revealed.

The report by the Dubai Technology Entrepreneurship Campus, prepared in collaboration with ArabNet and startAD, also said that the UAE is followed by Saudi Arabia with an expected 31.3 per cent annual growth rate in the adoption of AI, the rest of the GCC region at 28.8 per cent, and Egypt at 25.5 per cent.

Ramesh Jagannathan, MD of startAD, said that AI today plays a significant role in enhancing the productive capacity of countries and boosting the global GDP. “The UAE continues to rank high in several regional and global indicators, including competitiveness, innovation, and ease of doing business, owing to its advanced AI policy that paves the way for the implementation of various smart government components,” he said.

AccordingtoPwC’s2017forecasts, the contribution of AI to the global economy will increase to $15.7 trillion by 2030, and AI will contribute $96 billion, or 13.6 per cent, to the UAE’s GDP by 2030. “The results of the report reiterate our country’s continued success in implementing the UAE Strategy for AI,” Shahla Ahmed Abdul Razak, deputy CEO of Dubai Silicon Oasis Authority, said.