Reports

The Economic Impact of Artificial Intelligence in the UAE

Professor Asma Salman

Artificial Intelligence (AI) is not merely a technological advancement; it is the most revolutionary force in human history, poised to redefine global economies and reshape the very fabric of modern life. Across sectors and continents, AI is transforming how we live, work, and understand the world. As the world’s most powerful tool for innovation, AI is touting a future where new possibilities emerge at unprecedented speed and scale.

Economically, the UAE’s AI market is projected to grow from USD 3.47 billion in 2023-2024 to USD 46.33 billion by 2030. The nation has also attracted significant AI investments, securing its position as a global AI hub.

In this historic movement, the UAE has strategically positioned itself as a leader on the global AI stage. Recognizing the magnitude of AI’s impact, the UAE has implemented a visionary AI Strategy with the goal of establishing itself as the foremost AI-powered nation by 2031. This strategy is designed to transform the UAE’s economy, catalyze new industries, and secure its place at the forefront of the Fourth Industrial Revolution.

With groundbreaking innovations—such as Falcon LLM, a state-of-the-art large language model developed by the UAE’s Technology Innovation Institute, and the establishment of the world’s first Ministry of Artificial Intelligence—the UAE is setting the global standard in AI and technology. Its journey of excellence continues to inspire the world.