competitive-outlook-artificial-intelligence-mena

As part of ongoing efforts to diversify their economies and build a platform for sustainable future growth, MENA nations are increasingly turning towards artificial intelligence (AI). A slew of recent investment and initiatives – primarily in academia and the government, but also in the private sector – has reinvigorated interest from industry leaders around the globe in the potential for AI to strengthen the efficiency and sustainability of MENA economies. According to a report from the Economist Impact Unit (EIU) and Google published earlier this year, AI could bring about an additional $320bn in economic growth in the MENA region by 2030. Many long-term economic strategies in the region target high-value sectors with the potential to benefit from the Fourth Industrial Revolution – a raft of technological advancements in AI, data and cloud computing that merge the physical, digital and biological worlds. In recent years the UAE, Saudi Arabia, Qatar and Egypt have published ambitious, government-driven strategies to develop AI.