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Sharjah Investment Forum 2024 contributes to UAE’s ongoing momentum in bringing a technological revolution

 


The world is on the brink of a significant technological revolution that promises to ignite productivity, drive advancement, and increase incomes globally. Artificial intelligence is poised to boost global GDP by an estimated 1.2% annually in the near future.

The UAE is charting a strategic course to achieve a substantial leap in economic performance by mid-century, with a focus on inclusivity, sustainability, and a pro-humanity approach, according to Khaleej Times.

Both the UAE and Saudi Arabia are making substantial investments in cutting-edge semiconductor technology and AI infrastructure. These efforts aim to diversify their oil-dependent economies and lay the groundwork for future technological leadership.

Sharjah is also targeting significant technological advancements. In 2023, the emirate allocated 35% of its budget to enhance economic diversification and attract foreign direct investment in areas such as artificial intelligence, deep tech, green technology, healthcare tech, and advanced manufacturing.

The upcoming Sharjah Investment Forum (SIF 2024) on September 18-19 is part of the UAE's ongoing initiative to explore the potential impacts of AI on economic activity.

Next month, over 2,000 international and local delegates, including government officials and corporate leaders, will collaborate to harness the vast innovations and applications of deep tech to address critical global challenges.

Governments worldwide are investing in smart city projects, and the UAE is no exception. This year, the Gulf state invested $3 billion in innovation, and SIF 2024 will build on this momentum by providing a platform for crucial discussions.

The September forum’s agenda, led by more than 100 financial and technology pioneers, investment experts, and clean energy specialists, has been meticulously curated to bring deep tech into the spotlight and offer practical solutions.

SIF 2024 takes place as the Middle East, led by the UAE and Saudi Arabia, emerges as a key player in the global artificial intelligence race, with efforts that could redefine the region’s economic and technological future.


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