AI is projected to have a transformative impact on various economies around the world, with particular emphasis on the UAE.
Abdallah Abu-Sheikh, founder of Dubai-based Astra Tech and CEO of Botim, remarked that AI is expected to contribute as much as 14 percent to the UAE’s GDP by 2030, which translates to roughly $100 billion (AED367 billion). During his remarks at the inaugural Dubai AI & Web3 Festival, he emphasized that the UAE is solidifying its status as a leading player in the global AI landscape. As the sector approaches a period of considerable growth, projections indicate that the nation’s AI market could reach $50 billion by 2031. Abu-Sheikh highlighted that artificial intelligence (AI) is transforming sectors such as healthcare, finance, and government, driving growth by enhancing operational efficiency and offering tailored services.
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He also noted that the UAE’s advantageous position as a global technology and innovation hub is supported by visionary leadership and strategic investments in digital infrastructure. Initiatives like the National Innovation Strategy and Dubai Smart City Initiatives have fostered an environment that attracts high-growth technology firms. Furthermore, he pointed out that the digital economy represented 4.3 percent of the UAE’s GDP in 2022 and is expected to continue expanding as technology companies prosper within this ecosystem.
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