The EIU Public Policy team have recently completed Scaling Up, a report that assesses the potential impact of AI in the Saudi Arabian and United Arab Emirates (UAE) economies. The report was commissioned by tech giant Google and launched at the AI Everything summit in May 2019.
The UAE and Saudi Arabia have long-enjoyed abundant hydrocarbons reserves, granting them a prominent place in world markets. Access to these resources has afforded both countries a strategic position in regional and global geopolitics. Now, both countries are finding it harder than less well-endowed countries to diversify their economies and boost productivity growth. Today, the countries face a mixed outlook, GDP growth is forecast to slow significantly in comparison to the past decade. Both countries must now turn to alternative revenue options to maintain their prominent positions within global and regional markets. The EIU assessed whether artificial intelligence (AI) was be the answer? AI could help to boost diversification and growth in the next decade. It seems that governments in both countries are keen to seize this emerging opportunity.
Read more about the impact of AI in Saudi Arabia and the UAE.