Artificial intelligence is expected to have a transformative impact on the UAE economy, contributing up to 14% of the 2030, which is equivalent to approximately $100 billion, Botim said in a statement.
Publish dateThursday 12 September 2024 - 10:37
He explained that considering that this country's GDP by sector is on the verge of a major development, forecasts show that the country's artificial intelligence market will increase to 50 billion dollars by 2031.
He added that artificial intelligence will revolutionize industries such as healthcare, finance and government. Its adoption will help drive growth by improving operational efficiency and providing personalized services, he added.
He explained that the UAE enjoys a strategic position as a global center of technology and innovation due to its wise leadership and decisive investments in digital infrastructure.
He noted that the digital economy in the UAE will account for 4.3 percent of GDP in 2022 and is expected to grow further as tech companies flourish in the ecosystem.
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Source : news agency wam
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