The UAE AI market has become a central pillar of growth agenda of the nation, since the launch of its Artificial Intelligence Strategy in 2017. By 2031, the UAE aims to fully integrate AI into healthcare, transport, education, energy, and logistics. Hence, it empowers its global leadership in the digital transformation.
UAE AI Market to Power 20% of GDP by 2031
Analyst predicts that the AI will contribute up to 20 percent of the GDP of the nation by 2031. However, advanced infrastructure, forward-thinking policies, and strategic alliances would be the reasons behind this growth. Thus, AI could be the key driver of the non-oil economy.
Dh170 Billion UAE AI Market by 2030
According to Trends Research & Advisory, the AI market was valued at Dh 12.74 billion in 2023. Now, it is expected to grow at a 44 percent compound annual growth rate by reaching Dh170.14 billion by 2030. However, startups, research institutions, and skill-development initiatives are boosting this momentum due to a strong policy framework.
Global Knowledge Tour for Chief AI Officers
The Office of Artificial Intelligence, Digital Economy, and Remote Work Applications has launched a 10-day U.S. knowledge tour for 50 Chief AI Officers from federal entities. However, Mohammed Bin Taliah will lead this tour.
Moreover, the delegation will engage with the top tech companies, including Google, Meta, OpenAI, Palantir, NVIDIA, IBM, Amazon, and Microsoft. However, the goal is to learn from the global innovators, exchange expertise. In addition, it also aims to foster collaborations to strengthen the UAE AI Market.
Government Commitment to AI Vision 2031
Omar Sultan Al Olama, Minister of State for AI, highlighted that the campaign shows the vision of the UAE to integrate AI into governance and boost the global partnership. Moreover, this move aligns with the “We the UAE 2031” vision, which His Highness Sheikh Mohammed bin Rashid Al Maktoum is leading. So, it places the AI and digital transformation at the forefront of national progress.
The projected growth of the UAE AI market is projected to reach Dh 170 million by 2030. However, this market is on track to transform industries through the fuel economic diversification. In addition, it empowers the position of the nation as the global Artificial Intelligence (AI) leader. So, we can expect that AI is going to play an important role in the growth of the country’s market.
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