AI Projected to Add $100 Billion to UAE GDP by 2030: Astra Tech

UAE, 12 September, 2024 :  Abdallah Abu Al Sheikh, Founder of Astra Tech and CEO of Botim, stated that artificial intelligence (AI) is expected to contribute up to 14% of the UAE’s GDP by 2030, equivalent to $100 billion (AED367 billion). Speaking at the Dubai AI & Web3 Festival, he highlighted the UAE’s emerging role as a global leader in the AI economy.

Abu Al Sheikh projected that the UAE’s AI market could reach $50 billion by 2031, with AI transforming sectors such as healthcare, finance, and government through improved efficiency and personalized services.

He credited the UAE’s strategic position as a global tech hub to its leadership and investments in digital infrastructure, citing initiatives like the National Innovation Strategy and Dubai Smart City. The UAE’s digital economy, which contributed 4.3% of GDP in 2022, is expected to grow as technology companies continue to thrive.

Source : www.zawya.com