AI research and development central to UAE’s economic diversification, sustainable growth and global competitiveness strategy – COP28 President-Designate

AI research and development central to UAE’s economic diversification, sustainable growth and global competitiveness strategy – COP28 President-Designate

- AI solutions have potential to contribute 13 trillion dollars to global economy

- Integration of AI into industrial processes has potential to dramatically reduce emissions and stimulate low carbon economic growth

Abu Dhabi, UAE: Artificial intelligence research will play a key role in harnessing global opportunities and creating practical, tangible solutions for increasing AI adoption as well as generating economic and social value, said H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and President-Designate of COP28, during a visit to Mohamed bin Zayed University of Artificial Intelligence (MBZUAI).

Dr. Al Jaber, who is also the Chairman of MBZUAI, said: “AI adoption across industries will help meet the nation’s goals in advancing technology and diversifying its economy. Projections show AI solutions are on course to contribute an estimated $13 trillion to the global GDP by 2030, optimizing the industries of tomorrow, and dramatically improving the lives of billions of people in the process. We stand on the brink of a technological revolution and MBZUAI is providing a world-leading pipeline of AI specialists, and an ecosystem nurturing industrial collaboration to support the UAE's innovation trajectory.”

During his visit, alongside G42 CEO, Peng Xiao and Professor Eric Xing, President and University