Artificial Intelligence To Add $182 Billion To U.A.E.'s Economy By 2035

Artificial intelligence or AI as it is more commonly referred to will have a strong economic impact in the U.A.E., a new study has found. According to a report by Accenture, AI will boost economic growth within the U.A.E. by 1.6 percentage points, adding $182 billion to the national economy by 2035. The report examined the impact of using AI on 15 industries in the U.A.E. and 13 in Saudi Arabia. As per the findings, AI was found to have the maximum impact on the financial services, healthcare, transport and storage industries with increases of $37 billion, $22 billion and $19 billion, respectively, in their annual gross value added (GVA), which measures the output value of all goods and services in a sector. AI is also set to lead to an increase of $6 billion and $8 billion in GVA within labor intensive industries such as education and construction respectively, the report found. Meanwhile in Saudi Arabia, AI will increase GVA by $215 billion.