Breaking News

Artificial intelligence contributes to the economic growth of the Middle East by about $ 320 billion by 2030


The field of artificial intelligence is gaining momentum worldwide and is one of the major technological trends discussed in many global conferences.

Artificial intelligence is expected to play a significant role in changing the rules of the game in global economic shifts. Artificial intelligence is estimated to contribute an estimated $ 15.7 trillion to the world economy by 2030, more than the combined GDP of China and India combined.


In the wake of the Fourth Industrial Revolution, governments and companies in the Middle East have begun to realize the global shift towards artificial intelligence and advanced technological technologies, which has a positive impact on the region's economy. The Middle East is expected to achieve 2% of the total global benefits by 2030, About 320 billion dollars.

For the region with the most artificial intelligence in the region, the UAE is expected to achieve nearly 14% of GDP by 2030, and Saudi Arabia will gain about 12.4% of its GDP, equivalent to more than $ 135.2 billion in 2030, while the rest of the GCC will contribute 8.2%, and Egypt is likely to contribute 7.7% by 2030.
The impact could be even greater if governments continue to push the boundaries of innovation and implement artificial intelligence across companies and sectors.

Artificial intelligence and economic growth rate
It is expected that artificial intelligence will contribute to an annual economic growth of about 34-20% throughout the Middle East, followed by the United Arab Emirates and followed by Saudi Arabia to be on par with the economies of southern Europe and developed Asia.

In the Emirate of Dubai, the UAE was at the forefront of automated operations where police officers were put on duty. Dubai police aim to turn around 25% of patrollers into robots by 2030. At the same time, Saudi Arabia recently granted its nationality to a robot, In the incubation of artificial intelligence technology, especially in the field of financial markets and the circulation of Forex as the Kingdom has recently been working to diversify the resources of its non-oil economy.

The magnitude of the expected impact of AI on the UAE and Saudi economies is not surprising given their relative investment in artificial intelligence technology compared to other regions in the Middle East, which will place both countries in the top 50 countries in the world on the global innovation index in terms of innovation capacity and output Their innovations.

Source 


No comments