Huawei MECA President at SAMENA Leaders’ Summit 2023 stresses that thriving digital economy depends on sustainable connectivity and a large pool of skilled local talents

Huawei MECA President at SAMENA Leaders’ Summit 2023 stresses that thriving digital economy depends on sustainable connectivity and a large pool of skilled local talents

Dubai, UAE: In his opening keynote at the SAMENA Leaders’ Summit, where the leading telecom and ICT leaders in the region gathered, Steven Yi, President of Huawei Middle East and Central Asia, addressed the audience with futuristic but also pragmatic ICT industry viewpoint, reflecting on the company sustainable approach – Thriving Digital Economy Depends on Sustainable Connectivity. He reiterated that the Gulf countries continue to lead the global 5G deployment and commercialization and offer a fertile environment for the development of 5.5G.

Steven said: “It is widely acknowledged that the digital economy plays a pivotal role in driving global economic growth. AI as the key technology, will help to build an intelligent world and boost digital economic progress. The rapid rise of AI technology has significantly increased computing power demand. To train and increase accuracy, AI systems need large volumes of data, which must be transmitted rapidly, processed efficiently, and stored safely.”

It is estimated that by 2030, the thriving digital economy could be worth 30 trillion dollars. Huawei believes that sustainable digital economic growth will be based on three powers, the transmission power that can support over 200 billion global connections, the computing power that can meet 500 times increased AI