UAE is the world’s first foreign direct investment attraction in artificial intelligence


According to Dubai Smart, Dubai ranked first in the world in attracting foreign direct investment in the robotics and artificial intelligence sectors and ranked sixth in the Global Smart Services Index, according to the latest UN report of 193 countries, surpassing technologically advanced countries, Such as the United States, the United Kingdom and South Korea.

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“Over the past three years, Dubai has been able to move towards a number of policies that support the digital transformation that supports city services,” said Dr Aisha Bent Butti Beshr, Director General of Dubai Smart, at the Gartner Information Technology Conference in Dubai. Including the Paperless Transaction Strategy, the Dubai Strategy for Block Qin and the Artificial Intelligence Map.

She added that the Middle East countries are all working today to achieve the strategic vision of Dubai to make the region a collective global model of excellence in innovation and improving citizens’ lives. The ambitious and revolutionary vision of the UAE relies heavily on the adoption of advanced technologies, especially in the ICT sector.

The Middle East and North Africa region’s IT spending is expected to reach $ 160 billion this year, a growth of 1.8% compared to the previous year, according to Roddy Edd, Middle East and North Africa Regional Director for Gartner. last year.

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He pointed out that the increase in spending on IT systems in the Middle East during the current year comes with the support of the transformation of the countries of the region to the transformation of digital services in the public and private sectors, and policies to work on smart city services.

Edd said total technology spending in the banking and securities sector would reach $ 13.2 billion this year, a 5% increase over last year, the highest spending rate among 11 sectors in the IT sector.

He pointed out that the increase in spending in the banking sector is due to the adoption of a number of financial institutions in the regional policies of replacing branches and traditional services with smart ones.