Artificial Intelligence as a Driver of Economic Development in Middle East Countries
The report by expert Yulia Cerekh analyzes the development of the artificial intelligence market in the Middle East and the relationship between technological and economic development. The intensity of the growth of the artificial intelligence market in the Middle East was also assessed from a country–by-country perspective (the UAE, Qatar and Saudi Arabia are industry leaders), best practices that can be scaled internationally were identified, and problematic areas that slow down technological growth in individual countries of the MENA region were identified.
Given the potential of artificial intelligence in the region and the pace at which company executives are mastering technologies to create value and enhance differentiation, it is safe to say that the MENA region is rapidly becoming a strong competitor in the global market, and artificial intelligence is a key driver of economic growth in the Middle East.
As the author notes, "the main constraints to the development of artificial intelligence in the Middle East are language, staff shortages, and infrastructure. Regional regulation of technology development and application is also needed, in addition to national strategies.
Promising industries for investment in the region are software, the Internet, and data centers.
"Given the potential of artificial intelligence in the Middle East and the pace at which businesses and states in the region are integrating AI into their activities, it is safe to say that the MENA countries are rapidly becoming a strong competitor to China and the United States in the global market, and artificial intelligence is a key driver of economic growth in the Middle East."
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