Sustained investment in artificial intelligence will be a “game changer” for the UAE and the broader Gulf economy as the region positions itself as a global technology hub, International Monetary Fund regional director Jihad Azour has said.
AI investment is a key part of the UAE's push to diversify its economy. The Emirates has invested $148 billion in AI domestically and abroad since 2024, Omar Al Olama, Minister of State for AI, Digital Economy and Remote Work Applications, has said, with the country emerging as a leading player in data centre capacity.
Mr Azour said sustaining this level of investment can boost the UAE economy by 0.7 per cent.
“It’s a game changer. It’s very important,” he said in an interview with The National at the IMF’s headquarters before the start of Abu D
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