UAE economy is expected to boost with integration of AI in next 5 years and will add AED 367bn ($100bn) to GDP.14% GDP boost is anticipated by 20230 bringing transformative impact on the economy, says Abdullah Abu Al Sheikh, Founder Astra Tech and CEO Botim.

Dubai AI & Web3 Festival inauguration is a reflection of UAE’s interest in AI playing a dominant role in its economy. The industry is on boom and country’s AI forecast is expected to expand to $50bn by 2031.

AI is transforming industries like healthcare, finance and government. It will further bring improvements in operational efficiency and provide personalized services. UAE is a global hub for tech and innovation and enjoys strategic position with new developments and investment decisions.

With initiatives like National Innovation Strategy and Dubai Smart City Innovation UAE is on its path to become an attractive destination for companies associated with high tech.

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