Public cloud’s contribution to UAE economy could reach $181bn by 2033 – report

Public cloud’s contribution to UAE economy could reach $181bn by 2033 – report

Amazon Web Services (AWS) 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 $181bn in additional economic value over the next decade (2023-2033), or 2.5 per cent of the UAE’s cumulative GDP by accelerating adoption of cloud. The study, performed by Telecom Advisory Services, and directed by Raul Katz, director of Business Strategy Research at the Columbia Institute for Tele-information (Columbia Business School), provides an 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. In 2021, public cloud adoption made a significant impact on the UAE’s economy. According to the report, it contributed 2.26 per cent to the country’s GDP, generating an economic value of $9.5bn, the largest public cloud contribution to GDP in the region. This productivity effect is in addition to the construction effect of building and operating cloud infrastructures in the UAE, which, in the case of AWS UAE Region, are projected