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UAE’s AI strategy poised to contribute $91 billion to GDP by 2031

The UAE now stands alongside major innovation hubs like Singapore and Hong Kong, underscoring its growing prominence in the AI sector.

UAE’s AI strategy poised to contribute $91 billion to GDP by 2031
[Source photo: Krishna Prasad/Fast Company Middle East ]

According to the Global AI Competitiveness Index, the UAE ranks among the top 10 countries with the highest number of AI companies per million people. Compiled by the International Finance Forum (IFF) and Deep Knowledge Group, the report analyzed over 55,000 AI companies worldwide, assessing their density, financing, and development. The UAE’s position alongside innovation hubs like Singapore and Hong Kong reflects its strategic push to lead in AI, driven by progressive policies and strong infrastructure.

Dmitry Kaminskiy, General Partner of Deep Knowledge Group, praised the UAE’s efforts: “The UAE’s ranking among the top 10 countries for AI companies per capita demonstrates how targeted investments are creating an ecosystem where AI innovation thrives. This is a blueprint for how nations can transform strategic vision into measurable impact.”

Since appointing the world’s first AI Minister in 2017, the UAE has remained dedicated to embedding AI within its national strategy. The UAE’s AI Strategy 2031 aims to contribute $91 billion to GDP by 2031 and reduce operational costs by 50%. Additionally, the $2.7 billion Dubai Future Accelerator Fund is key in supporting AI innovation projects nationwide.

The UAE is quickly developing a strong talent pipeline through initiatives such as the Golden Visa for AI professionals and the establishment of the Mohamed bin Zayed University of AI (MBZUAI).

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