GCC countries eye multi-billion AI opportunity

  • Date: 08-Sep-2020
  • Source: Gulf Business
  • Sector:Economy
  • Country:GCC
  • Who else needs to know?

GCC countries eye multi-billion AI opportunity

Tech experts have proposed creating a new artificial intelligence 'centre of excellence' in the Middle East to capitalise on an anticipated $300bn boom in the emerging technology.

Dr. Jassim Haji, president of the Artificial Intelligence Society Bahrain, predicted that new AI-based roles will begin appearing within the next year amid a regional surge in the use of automation.

It comes after international audit firm PwC predicted that the AI sector will contribute $300bn to the Middle East economy by 2030, fuelled by mega-projects and a new wave of innovation.

Saudi Arabia's NEOM project - a $500bn plan to create a hi-tech urban community in the northwestern desert - is among the biggest single AI projects in the world, while the UAE was the first country in the world to