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New technology will bring large changes to the world. AI can add as much as $13 trillion to the world’s economy by 2030. In such a case, it could raise the annual economic growth of the world’s economy by an extra 1.2% every year.
The UAE is very keen on understanding how AI can help business and the economy with deep tech. It wants its economy to grow big by 2050 but to make it inclusive and leave no footprints on the planet.
The Sharjah government and experts are putting great efforts into making the economy smarter with technology. This year, Sharjah spent 35% of its money on making the economy more diverse. They want to attract foreign companies to invest in AI, green tech, advanced manufacturing, and healthcare tech.
The UAE can surely lead the Middle East towards Artificial Intelligence. It can do so in collaboration with countries like India and China that are emerging to be very capable in this technology. The UAE would need to plan for some joint projects or research centers with these countries where AI experts would train them.
The UAE could also introduce AI into its factories to make things better and cheaper, as countries like Germany, Japan, and Mexico are doing. Sharjah could cooperate with those countries or establish its own high-tech factories.
The coming Sharjah Investment Forum pools leaders from both government and business to discuss the potential impact of AI on the future of the economy and jobs. More than 2,000 people from around the world are expected.
It will take place on September 19 and 20, and over 100 international experts in the fields of finance, technology, and energy will speak. They will also share how deep tech can solve big world problems and improve businesses.
The theme for the meeting will be “A Futuristic Vision for Smart Economies.” This coincides with what is taking place at the UAE. The UAE has just invested $3 billion in new ideas and technology.
Projects for “smart cities”-those that use technology to work better-are under way in many countries, and the UAE is no exception.
The Sharjah Investment Forum will be one of the important support items in making decisions on how countries in the MENA region will use technology in the future. Such an event helps the United Arab Emirates become prominent in the use of artificial intelligence and emerging technologies with the aim of building a better economy.
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