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AI to add $100bn to UAE GDP by 2030

 


AI is poised to significantly impact the UAE economy in the next five years, contributing an estimated $100 billion (AED 367 billion) to the country's GDP, according to Abdallah Abu Al Sheikh, Founder of Astra Tech and CEO of Botim. Speaking at the inaugural Dubai AI & Web3 Festival, Abu Al Sheikh highlighted that by 2030, AI is expected to contribute up to 14 percent of the UAE’s GDP.

He also noted that the country's AI sector is on the cusp of major expansion, with projections suggesting that the market could grow to $50 billion by 2031. AI is already transforming industries such as healthcare, finance, and government by enhancing operational efficiency and enabling personalized services.

The UAE’s strategic position as a global technology and innovation hub, supported by strong leadership and significant investments in digital infrastructure, has positioned it as a key player in the AI economy. Initiatives like the National Innovation Strategy and the Dubai Smart City Initiative have created a favorable business environment for high-growth technology companies.

In 2022, the UAE’s digital economy contributed 4.3 percent to its GDP, and this figure is expected to rise as more technology companies thrive within the nation's growing digital ecosystem.


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