Artificial Intelligence projected to contribute up to $97.9 billion to UAE’s GDP by 2030

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Artificial Intelligence projected to contribute up to $97.9 billion to UAE’s GDP by 2030

According to the World Economic Forum, artificial intelligence is predicted to boost the world economy by close to $16 trillion by 2030.

The UAE is ideally positioned to take advantage of this potential since the nation is already playing a big role in the adoption of AI.

By 2030, the technology is projected to contribute up to 14% of the nation’s GDP, or $97.9 billion, according to consultancy PricewaterhouseCoopers.

The AI-focused university, Mohamed bin Zayed University of Artificial Intelligence is slated to play a significant part in accelerating this expansion.

The organization is supporting the UAE’s national AI policy, which aims to establish the nation as a leader in this field of Artificial Intelligence by 2031.

The chairman of MBZUAI’s Board of Trustees, Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, explains how the university, the UAE’s industry, innovation in the energy sector, and sustainability agenda are poised to shape the nation’s future while making it the global leader in innovation.

He emphasizes President Sheikh Mohamed’s vision, which places a great priority on enhancing people’s technological and scientific aptitudes in order to benefit all spheres of society and the economy. BKM/ Expat Media


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