23 December 2022•
Specifically with regards to developing a digital economy, the government launched the UAE’s Digital Economy Strategy, which aims to double the contribution of the digital economy to the UAE’s GDP from 9.7% to over 20% by 2031.
This would mean that the UAE’s digital economy today is roughly valued at over US $38 billion.
By 2031, the national digital economy is expected to be conservatively valued at well over US $140 billion.
A PwC report published in 2018 forecasted that the UAE’s Artificial Intelligence (AI) industry alone would contribute $96 billion to the economy (13.6% of GDP) by 2030.
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