AWS report: Public cloud’s contribution to UAE economy could reach $181bln by 2033

AWS report: Public cloud’s contribution to UAE economy could reach $181bln by 2033

Dubai, UAE – Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), commissioned a new report quantifying the relationship between public cloud computing adoption, national productivity, and economic growth in the Middle East and North Africa (MENA) region. The report highlights the potential for the UAE to unlock USD $181 billion in additional economic value over the next decade (2023-2033), or 2.5% of the UAE's cumulative GDP by accelerating adoption of cloud.

The study, performed by Telecom Advisory Services LLC, and directed by Raul Katz, Director of Business Strategy Research at the Columbia Institute for Tele-information (Columbia Business School), provides a cutting-edge econometrical method for calculating the aggregate productivity gains realised by economies that adopt cloud computing. It extends previous economic research focused on firm-level productivity by establishing cloud adoption as a driver of national productivity and economic growth.

Unleashing the Economic Power of Cloud Computing in the UAE

In 2021, public cloud adoption made a significant impact on the UAE's economy. According to the report, it contributed 2.26% to the country’s GDP, generating an economic value of USD $9.5 billion, the largest public cloud contribution to GDP in the region. This "productivity" effect is in addition to the "construction" effect