Multi-Billion AI opportunity eyed by GCC Nations capitalizing on a $300 Billion boom in emerging technology

Facebook
Twitter
LinkedIn

There is a proposal for the native Artificial Intelligence centre of excellence as proposed from Tech Experts by creation of latest “AI centre of Excellence” across Middle East territory for capitalization of an estimated $300 Billion boom across emerging technology.

This is predicted post the global audit firm PwC estimates that the AI arena will power way for $300 Bn Middle Eastern economy within 2030, driven with support of mega-projects that would in turn pave pathway for latest wave of Innovation.

The Kingdom of Saudi Arabia’s NEOM project, that is a $500 Billion initiative that is credited hugely for the creation of a huge hi-tech urban community in the entire north-western desert – also touted as the solitary single largest global AI project. UAE, has emerged as the solitary nation globally to appoint a full-term minister that is solely responsible for the AI affairs.

The President of the Artificial Intelligence Society Bahrain Dr. Jassim Haji, stated that the “Latest and brand newer AI-backed roles will start appearing within the subsequent year, amidst the native surge in the optimal utilization of automation. He also stated that most of the native mega-projects are being carried out by the technology pioneered giants, wherein inevitably, there is involvement of technology transfer.”

It will thus support in addition of AI skills across economies in regions that includes Bahrain, that boasts of a well-educated young, dynamic workforce that is also digitally-aware demographic.

He further stated that “For capitalizing upon core technological shift, that will be supportive for forming a perfect base in launching up of latest Middle Eastern Centre of Excellence would enable latest focus on home-grown revolution and up-skilling the native workforce in research for a range of latest roles. The optimal utilization of core Artificial Intelligence unit in Middle East will support in swifter operations across a plethora of sectors that also brings upon huge surge in productivity as well as laying a robust latest economy for the future.”

Dr. Haji notes to that amount quite a few countries between the MENA place hold taken important advances in the direction of clever cities or smart governments then have institutionalised AI of rule ministries or academia. “The place has been a quickly adopter over AI strategies then methods,” she said.

While every eye is on NEOM or the significant projects among the UAE yet someplace else among the Gulf, Dr. Haji believes Bahrain has the probability after become a local Centre for AI research then development, including appreciably lower charges compared to sordid hubs.

Last year noticed the start over the Bahrain Polytechnic Academy concerning Artificial Intelligence – the forward about its variety in the place – presenting an integrated expert programme to enhance creativity and innovation in the area over AI. It came since the Kingdom piloted current World Economic Forum pointers because the arrival about synthetic brain of the public sector, designed according to increase the makes use of regarding AI technological know-how through governments.

Share.

RELATED POSTS

Thierry Nicault, Area Vice President and General Manager, Salesforce Middle East
Salesforce triggers client transformation in ME with modern DCs, Einstein GPTs innovations
Red Hat highlights evolution of AI in Middle East at Red Hat's EMEA AI Open Talks. Leveraging AI to drive business efficiency and support regional sustainability goals
Red Hat Stresses On Evolution of AI In ME At RedHat's EMEA AI Open Talks
web-4861613_1280_Gerd Altmann_Pixabay.com_The Paradigm shift and Banking Arena of 2030's will be a whole new dimension for the Clients
The Paradigm shift and Banking Arena of 2030's will be a whole new dimension for the Clients

LATEST POSTS

NEO PAY, has announced a strategic partnership with Biz2X, a global fintech platform powering more than US$32 billion in SME lending worldwide through its AI-first technology. image courtesy: NEO PAY
KORA Properties, the real estate development arm of APPCORP Holding, the parent company of the Apparel Group, has announced the launch of IL VENTO, an architectural icon that will deliver luxury apartments in Dubai Maritime City. image courtesy: KORA Properties
Beltone CEO Amir Ghannam. Image Courtesy: Beltone Leasing and Factoring
PR1MA has successfully completed and delivered over 44,000 affordable homes nationwide, addressing the middle-income housing needs of Malaysian families. Image Courtesy: PR1MA