Artificial intelligence to be top contributor in MENA

09/08/22

Artificial intelligence (AI) is estimated to contribute SAR 1.2 trillion (USD 320 billion) to the economic growth in the Middle East and North Africa (MENA) region by 2030.

The figures were derived from a Google report titled “The Future of AI in the MENA region”. It provides an in-depth analysis of developments in AI over the next decade, with a specific focus on Saudi Arabia, Qatar, Kuwait, United Arab Emirates and Egypt. The report examines the regions’ learning experiences, development trajectory and proposes pathways for implementing a safe and robust AI ecosystem.

Consequently, it explores current AI based investments and industry trends in tourism, transport, finance, retail, energy and government services. Overall, the report concludes that the region has taken the initiative in developing national AI strategies to create a friendly business environment. It also stressed that continuing to set innovative policies is essential to enhancing the artificial intelligence systems in the public and private sectors.

Therefore, a key initial development strategy is increasing the concept of depending on AI as the main factor in systems and businesses. It will ensure the acceleration and acceptance of digital transformation in the region. The available data in reports and publications contribute positively to the journey.

Demonstrating its commitment to the AI industry, the United Arab Emirates recently released the first National Strategy of Artificial Intelligence to increase the usage of AI technology in the future. It is in line with the international and regional approach and will help accelerate the implementation of AI.

Business Start Up Saudi Arabia has a network of subject matter experts and specialists to assist with activities throughout the lifecycle of a business in the Kingdom of Saudi Arabia. The activities include Market Research & Assessment Saudi Arabia, Saudi Arabia Business Case, Saudi Arabia Business Model Development, Feasibility Study / Business Plan Saudi Arabia, Organizational & Operational Structuring Saudi Arabia, Saudi Arabia Sponsorship & Partnership, Company Formation Saudi Arabia and many others.

Please click on the link to learn more about opportunities and possibilities in the Kingdom of Saudi Arabia as well as the initiatives of Business Start Up Saudi Arabia.

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